Current Mortgage Rates in Provo, Utah

Compare mortgage rates and fees for leading lenders in Provo, UT. 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 lender offering the best 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.

Mortgage Rates in Provo, UT as of August 9, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Provo, UT Mortgage Rates Compare?

August 9, 2020

The current average rate for a 30 year fixed rate mortgage in Provo is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Provo, UT Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $370,089

Based on current mortgage rates and a 10% down payment, you need to make $66,606 per year to buy the median priced home in Provo

With this income, you could qualify for a $333,080 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 $1,542

The median household income for Provo, UT (Utah County) is $70,705

Based on this income, you can afford a home valued at approximately $392,864

The home price you can afford to buy based on household income in Provo is 106% of the median home value which means housing prices are average. Provo (Utah County) ranks 25 out of 29 counties in Utah and 2,952 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


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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Provo, UT

1 unit: $401,350
2 units: $513,800
3 units: $621,050
4 units: $771,850

VA loan limits for Provo, UT

1 unit: $510,400

Additional Mortgage Resources for Provo, UT Residents

Mortgage Rates for Utah Cities

Clearfield Mortgage Rates

Logan Mortgage Rates

Ogden Mortgage Rates

Provo Mortgage Rates

Salt Lake City Mortgage Rates

St. George Mortgage Rates

Tooele Mortgage Rates