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Conventional mortgages in Sunset, Utah with as little as 3% down. Loan limits, credit tiers, and exactly when PMI drops off at 78% LTV.
Compare loan options against Sunset's $345K median price point before you shop, refinance, or lock a rate.
Nearby Coverage
A conventional mortgage is a common loan type in Sunset. The median home price snapshot we use is $345,000; confirm whether that sits under the current FHFA conforming limit for the property county. Credit, down payment, and DTI overlays decide pricing. PMI on conventional can often be removed with enough equity, unlike typical FHA MIP on low-down files. For Sunset buyers, conventional terms still depend on the file, from 15-year options that build equity faster to 30-year terms that keep the payment lower.
Sunset is a small-town pocket within the Davis County suburban sprawl. Main Street has a handful of local businesses, a pizza shop, and a gas station, it's not a destination, but it's convenient. The FrontRunner station in Clearfield is a 5-minute drive for SLC commuters. City parks host pick-up basketball and evening walks. Shopping and dining happen in Clearfield or Layton, both 5–10 minutes away. Sunset Fun Days in summer is a neighborhood-scale celebration with bounce houses, food trucks, and a community talent show. The pace is small-town and affordable relative to Layton and Kaysville.
Median Home Price
$345K
Median Rent
$1,300/mo
Population
5,500
Annual Growth
1.0%
Avg Days on Market
18
Owner-Occupied
58%
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 pull your credit, verify income and assets, and issue a pre-approval letter that sellers take seriously. Pre-approval shows you're a qualified buyer and strengthens your offer in competitive situations.
Once you're pre-approved, we can lock your interest rate while you shop. Rate locks are available for 30, 45, or 60 days, protecting you from market fluctuations while you find the right property.
Our processing team manages appraisal ordering, title work, insurance verification, and underwriting conditions. We keep you informed at every stage and target a 30-day close for most transactions.
School District: Davis School District
Notable schools: Sunset Elementary, Sunset Junior High, Clearfield High School
Small city adjacent to Hill Air Force Base with affordable post-war housing stock.
Outdoor Activities
Local Landmarks
The minimum down payment is 3% for first-time homebuyers through programs like Conventional 97 or HomeReady, and 5% for most other borrowers. Putting 20% or more down eliminates private mortgage insurance entirely. For an investment property, expect a minimum of 15–25% down. We help you weigh the tradeoffs between a lower down payment (preserving cash) and a higher down payment (lower monthly payments and no PMI).
Conventional loans have no upfront mortgage insurance premium, PMI cancels automatically at 78% LTV (FHA MIP is permanent on most loans), higher loan limits in many Utah counties, and no FHA-specific property condition requirements. However, FHA loans have more flexible credit requirements and lower down payment minimums. If you have a credit score above 680 and can put at least 5% down, conventional is typically the better long-term value.
Conventional loans are a common path for investment properties. Down payment, occupancy, and pricing differ from a primary residence. We will not publish a promised rate markup.
Most conventional programs start around a 620 score, with overlays often higher. Higher scores often improve pricing, but there is no single “best rate” score. Scores between 620 and 700 can still fit some files with different PMI or pricing. That is not a promise of approval.
Treat Sunset like any small Davis County market: pull comps, budget for older housing stock, and use professional management. For public safety, check Sunset Police and Utah DPS data for the specific block and several recent years rather than a city-wide headline. Lighting, locks, and maintenance are operational items we can address; they are not a substitute for current public data.
Most Sunset homes are 50–70 years old and show their age, expect original windows, aging HVAC systems, and dated kitchens. The upside is that purchase prices already reflect deferred maintenance, so investors buying at current basis can renovate strategically. A $20K–$35K update budget for kitchen, bath, flooring, and paint can transform a dated Sunset home into a competitive rental that commands rents comparable to Clinton or Clearfield properties.
Demand is price-sensitive and tied to Hill AFB, nearby retail jobs, Davis School District zoning, and the Clearfield FrontRunner commute to SLC. Turnover can be higher than in pricier Davis County cities, so budget for turns and competitive renewal pricing.
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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