Corp NMLS #3113 | Utah State License #5491140-MLCO | Salt Lake City, UT 
Utah FHA Loan Program Center 
Home / Loan Programs / FHA Loan Program
FHA HOME LOAN PROGRAM OVERVIEW
With flexible qualification guidelines, these loans are particularly designed to benefit first-time homebuyers and buyers who don’t have perfect credit or a lot of money to put down.
It is the mission of Academy Mortgage to deliver the dream of homeownership to as many homebuyers as possible. FHA-Insured Loans offer many benefits and a level of security that you won’t find in other loans. While these loans are funded by Academy Mortgage, the Federal Housing Administration (FHA) insures these mortgages so Academy can offer you a better deal.
FHA BENEFITS
| LOW | 100% |
|---|---|
| down payment (as low as 3.5% of the purchase price) | gift funds acceptable for down payment and closing costs |
| OPTIONS | FLEXIBLE |
|---|---|
| available as a fixed-rate or adjustable-rate mortgage | qualification guidelines and no prepayment penalties |
QUALIFYING FOR FHA
Qualifying for a Utah FHA Loan is as simple as pie! We have helped 1,000’s of Utah families and individuals get approved and get into their home.
There are a few simple guidelines to follow:
FICO scores of 580 and above are now eligible for FHA financing.
Available to first-time homebuyers or experienced homebuyers who don’t have perfect credit and are concerned about qualifying for a loan.
- Eligible properties include single-family homes and approved condominiums.
Maximum debt-to-income ratio of 55%.
FHA QUICK FACTS
Minimum Down Payment
3.5% of Purchase Price
Minimum Credit Score
580 (Some Restrictions Apply)
Maximum Debt-to-Income Ratio
55% (Some Restrictions Apply)
Home / Loan Programs / FHA Loan Program
FHA HOME LOAN PROGRAM OVERVIEW
With flexible qualification guidelines, these loans are particularly designed to benefit first-time homebuyers and buyers who don’t have perfect credit or a lot of money to put down.
It is the mission of Academy Mortgage to deliver the dream of homeownership to as many homebuyers as possible. FHA-Insured Loans offer many benefits and a level of security that you won’t find in other loans. While these loans are funded by Academy Mortgage, the Federal Housing Administration (FHA) insures these mortgages so Academy can offer you a better deal.
FHA QUICK FACTS
Minimum Down Payment
3.5% of Purchase Price
Minimum Credit Score
580 (Some Restrictions Apply)
Maximum Debt-to-Income Ratio
55% (Some Restrictions Apply)
QUALIFYING FOR FHA
Qualifying for a Utah FHA Loan is as simple as pie! We have helped 1,000’s of Utah families and individuals get approved and get into their home.
There are a few simple guidelines to follow:
- FICO scores of 580 and above are now eligible for FHA financing.
- Maximum debt-to-income ratio of 55%.
Available to first-time homebuyers or experienced homebuyers who don’t have perfect credit and are concerned about qualifying for a loan.
Eligible properties include single-family homes and approved condominiums.
FHA BENEFITS
| LOW | 100% |
|---|---|
| down payment (as low as 3.5% of the purchase price) | gift funds acceptable for down payment and closing costs |
| OPTIONS | FLEXIBLE |
|---|---|
| available as a fixed-rate or adjustable-rate mortgage | qualification guidelines and no prepayment penalties |
FHA COUNTY LOAN LIMITS
FHA LOAN CALCULATOR
FHA COUNTY LOAN LIMITS
FHA LOAN CALCULATOR
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ABOUT ACADEMY MORTGAGE TEAM 101 
Collaboration is the key to homeownership
We have the distinct advantage of having our entire team under one roof (loan officers, processors, underwriters, & closers). This allows us to move your loan smoothly through the mortgage approval process.
Nobody knows Utah mortgages better than Team 101. We study local market conditions, pricing scenarios, and the multitude of Utah loan programs available—so you don’t have to.
Our modern technologies (online tools, mobile apps, eSign) along with a strong commitment to customer service, take the stress and hassle out of getting your home loan.
MEET OUR LOAN OFFICERS
It is incredibly important to me that you have a great experience, so we’ve made superior customer service our highest priority at Team 101. We want you to feel confident that you have chosen to work with the best team in the industry, and we’ll work hard to fulfill the commitments we make to you.
JEFF MORGAN, BRANCH MANAGER | NMLS #256029If you choose me as your mortgage professional, you will get a hard worker who is determined to find the right loan option for your unique situation. I consider it an honor to be part of such a major decision in your life, and I will repay the trust you put in me by making sure that our commitments to you are fulfilled.
ERIK ROBINSON, SALES MANAGER | NMLS #263807My team and I have over 25 years of mortgage experience, so you can count on us to find you the best financing option for your unique situation. I am disciplined, caring, and motivated—traits that I will employ to help you achieve your homeownership goals. Going the extra mile for each and every one of my clients is just part of the package.
DEIDRE KAY, LOAN OFFICER | NMLS #223591We’re “in it in a minute” until the end. With over 25 years in the mortgage industry in different capacities (loan officer, processor, underwriter, closer), I know exactly what it takes to get a speedy approval and take your loan from A to Z with the least amount of stress. I live by the philosophy that if your clients are happy, you are happy.
TINA ZAK, LOAN OFFICER | NMLS #217728My business philosophy is simple: Let me save you…TIME…EFFORT…and FRUSTRATION! I will put my 20+ years of financial experience to work for you. What I love about working in the mortgage industry is helping people attain their dream of homeownership, and I’ve already helped over 800 families and individuals achieve their goal.
JEFF SAVAGE, LOAN OFFICER | NMLS #201909As a passionate and motivated individual, I especially enjoy working with first-time homebuyers and sharing in the excitement of purchasing a first home. In the ever-changing mortgage industry, it’s important that you choose someone that helps you navigate its complexities and educate you about different loan options.
AUSTIN KENT, LOAN OFFICER | NMLS #959895Sample loan scenario: $200,000 purchase price, $196,377 loan amount, 3.5% down payment, $1,392.21/month (PITI), 30-year fixed 4.5% interest rate, 6.182% APR. Subject to property type, loan-to-value, and credit score. Rates, program terms, and conditions are subject to change without notice. Not all products are available in all states or for all amounts. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend. Please contact Academy Mortgage for more information.
* Source: Academy Mortgage’s 3rd Quarter 2016 Customer Satisfaction Survey, with a sample size of 6,944 Responses
** Source: CoreLogic Marketrac Report for 2016, published in January 2017