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- – The FHA Advantage. Utah FHA loans were designed by the Federal Housing Administration to ensure that even buyers who might not otherwise qualify can receive a housing loan. When you receive a loan through the Federal Housing Administration at your local bank, the FHA provides a guaranty to lower the risk exposure to the bank.
FHA loans are popular for their low 3.5% down payment and low credit requirements. A complete list of all the FHA loan requirements updated for 2019.