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FHA home loans in Pleasant Grove, Utah: 3.5% down, flexible credit, and current county loan limits. Pre-qualify with a local licensed loan officer.
Compare loan options against Pleasant Grove's $470K median price point before you shop, refinance, or lock a rate.
Nearby Coverage
An FHA loan makes homeownership accessible in Pleasant Grove, where the median home price is $470,000. With just 3.5% down, your minimum down payment would be approximately $16,450, compared to $94,000 for a conventional 20% down payment. For first-time buyers in Pleasant Grove's Alpine School District area, where the median household income is $80,000, the lower down payment requirement means you can start building equity years sooner. FHA loans are especially popular with buyers near Alpine School District and Purple Mattress who have steady income but haven't had time to save a large down payment.
Pleasant Grove has a hometown warmth that bigger cities can't replicate. Strawberry Days in June is the annual highlight, a week of carnival rides, concerts, a rodeo, and the community strawberries-and-cream tradition that's been going since 1921. Battle Creek Falls is the local hike, an easy 20-minute trail that ends at a waterfall, perfect for after-work exercise. Downtown has a scattering of restaurants, a bakery, and shops that locals are fiercely loyal to. The foothills provide a mountain backdrop that never gets old. Weekends include the Murdock Trail, city rec fields, and neighborhood events. Retention is typically strong when maintenance is responsive.
Median Home Price
$470K
Median Rent
$1,550/mo
Population
40,000
Annual Growth
2.2%
Avg Days on Market
22
Owner-Occupied
72%
Ondo city medians as of Aug 2026 — verify. Not an MLS pull, appraisal, BPO, or CMA. Population and annual growth are approximate and are not tied to a named public source here. Check the U.S. Census Bureau for official figures.
We review your income, credit, and savings to determine your FHA eligibility and purchasing power. Pre-qualification typically takes 24–48 hours and gives you a clear budget range for your home search.
Work with our local agents who know the neighborhoods, schools, and market conditions. We help you find properties that meet FHA property standards so there are no surprises at appraisal.
Our loan team manages the FHA appraisal, underwriting, and closing process. We coordinate with the seller's agent, title company, and FHA appraiser to keep your timeline on track.
School District: Alpine School District
Notable schools: Pleasant Grove High School, Manila Elementary, Pleasant Grove Junior High
Known as 'Utah's City of Trees,' situated at the base of Mt. Timpanogos with historic orchards and newer tech campuses.
Outdoor Activities
Local Landmarks
The minimum credit score for an FHA loan with 3.5% down is 580. If your credit score is between 500 and 579, you may still qualify with a 10% down payment. These are FHA minimums, individual lenders may have overlays that require higher scores. We work with multiple FHA-approved lenders to find the best fit for your credit profile. If your score is below the minimum, we can recommend credit counseling resources to help you get mortgage-ready.
FHA loans require both an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount and an annual mortgage insurance premium (MIP) paid monthly. The annual MIP rate depends on your loan amount, down payment, and term length. For most borrowers putting 3.5% down on a 30-year loan, the annual MIP is 0.55% of the loan balance. Unlike conventional PMI, FHA MIP remains for the life of the loan unless you refinance to a conventional loan after building sufficient equity.
Yes. FHA loan limits vary by county and are updated annually. In Utah County and Salt Lake County, the current FHA loan limit for a single-family home is significantly higher than the national baseline. We can confirm the exact limit for Pleasant Grove and help you determine if the median home price in your desired neighborhood falls within FHA limits. If you need a loan above the FHA limit, we can explore conventional and jumbo options.
Yes. The FHA 203(k) rehabilitation loan lets you finance both the purchase price and renovation costs in a single mortgage. There are two types: the Limited 203(k) for cosmetic improvements up to $35,000, and the Standard 203(k) for larger structural renovations. This can be especially valuable in older neighborhoods where homes may need updating. We guide you through the contractor selection and draw process.
Pleasant Grove has one of Utah County's strongest community identities, and tenants who engage with it by attending Strawberry Days and using Battle Creek trails. Alpine School District serves the city. The city's compact size and festival calendar support renewals when rents stay near comps. Properties near the historic center and Battle Creek trailheads often show stronger occupancy.
Downtown Pleasant Grove has a walkable, small-town character that appeals to tenants seeking authenticity over suburbia. Local restaurants, the old theater, and the park create a genuine neighborhood feel. Older properties near downtown can be renovated effectively, the charm premium is real, and tenants will pay slightly above market for a well-done renovation in a walkable location. The Manila Creek development is adding modern density nearby, which brings additional foot traffic and commercial energy to the area. Downtown P.G. is a good value-add submarket for patient investors.
Pleasant Grove's central Utah County location is a genuine advantage, Lehi's Silicon Slopes campuses are 10 minutes north, Provo/BYU is 10 minutes south, and I-15 interchange access is easy. This flexibility means the tenant pool draws from both Salt Lake County southbound commuters and Utah County northbound workers. FrontRunner service is accessible via the Orem or American Fork stations (5–10 min drive). Tenants can change jobs without needing to move, which helps retention.
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Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. Licensing and disclosures