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Provo

Compare Current Provo, Utah Mortgage Rates

Compare Provo, UT mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Provo.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Provo. Plus, shopping lenders is free and there is no obligation.

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Provo, UT Mortgage Rates as of January 24, 2022
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Provo, UT Mortgage Rates Compare?

January 24, 2022

Current mortgage rates in Provo, UT are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Provo, UT Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.560%
15 Year Fixed Rate
%
2.790%
5/1 Adjustable Rate Mortgage
%
2.600%

How Affordable is Housing in Provo, Utah?

Below we provide helpful information on the real estate market, home prices and housing affordability in Provo. Understand how much you need to earn to afford a home in Provo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Provo fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Provo is right for you.

The median home value for Provo, UT (Utah County) is $500,699

Based on current mortgage rates and a 10% down payment, you need to make $82,037 per year to buy the median priced home in Provo

With this income, you could qualify for a $450,629 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Provo is $1,900

The median household income for Provo, UT (Utah County) is $85,978

Based on this income, you can afford a home valued at approximately $524,749

The home price you can afford to buy based on household income in Provo is 105% of the median home value which means housing prices are average. Provo (Utah County) ranks 23 out of 29 counties in Utah and 2,991 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Provo, UT is average

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Loan Limits for Provo, Utah

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Provo (Utah County) below.

Conforming loan limits for Provo, UT

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Provo, UT

1 unit: $508,300
2 units: $650,700
3 units: $786,550
4 units: $977,500

VA loan limits for Provo, UT

1 unit: $647,200

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