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FHA home loans in Roy, Utah: 3.5% down, flexible credit, and current county loan limits. Pre-qualify with a local licensed loan officer.
Compare loan options against Roy's $370K median price point before you shop, refinance, or lock a rate.
An FHA loan makes homeownership accessible in Roy, where the median home price is $370,000. With just 3.5% down, your minimum down payment would be approximately $12,950, compared to $74,000 for a conventional 20% down payment. For first-time buyers in Roy's Weber School District area, where the median household income is $65,000, the lower down payment requirement means you can start building equity years sooner. FHA loans are especially popular with buyers near Hill Air Force Base and Weber School District who have steady income but haven't had time to save a large down payment.
Roy's daily rhythm is shaped by Hill Air Force Base, shift changes fill 1900 West with commuters heading to defense contractors like Northrop Grumman and Boeing. Roy Aquatic Center and the city's parks are heavily used rec amenities. Weekend errands center on the Riverdale Road retail corridor just south. Roy Days in June is the signature community event with carnival rides, a parade, and live music. Dining options include local burger joints and Asian restaurants scattered along 5600 South. The FrontRunner station gives car-free access to Salt Lake City in about 50 minutes.
Median Home Price
$370K
Median Rent
$1,350/mo
Population
40,000
Annual Growth
1.4%
Avg Days on Market
23
Owner-Occupied
68%
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: Weber School District
Notable schools: Roy High School, Roy Junior High, Midland Elementary
Flat, expansive city west of I-15 developed largely around Hill Air Force Base employment.
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 Roy 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.
12 months is standard; many households renew at 24 months given commute convenience.
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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