What are the VA loan limits in Utah?

As of 2020, there are no maximum VA loan limits for veterans with full entitlement. You can borrow as much as a lender is willing to approve without needing a down payment.

How much is the VA funding fee?

For first-time use with zero down payment, the VA funding fee is typically 2.15% of the loan amount. Subsequent uses are 3.3%. The fee is waived for veterans with a service-connected disability.

Do VA loans require mortgage insurance in Utah?

No. One of the biggest advantages of a VA loan is that it never requires Private Mortgage Insurance (PMI), even with a 0% down payment.

Utah VA Loan Calculator

Estimate your monthly payment with zero down payment, no PMI, and calculate your exact VA funding fee.

Loan Details

Home Price$450,000

Down Payment (0.0%)$0

Interest Rate (%)

Loan Term (Years)

VA Specifics

First Time VA Use?

VA Disability Exemption?

Compare with Conventional

See VA vs Conventional

Estimated VA Monthly Payment

$3,067

Principal & Interest

$2,753

Property Taxes

$214

Homeowners Insurance

$100

VA Loan Benefits

VA Funding Fee$9,675

Monthly PMI$0 (No PMI Required)

Total Financed Amount$459,675

Quick Answer: VA Loans in Utah

A VA loan in Utah allows eligible veterans to buy a home with $0 down payment and no Private Mortgage Insurance (PMI). While there is no monthly PMI, most buyers pay a one-time VA Funding Fee (typically 2.15% for first-time use), which can be rolled into the loan amount. Veterans with a service-connected disability are exempt from this fee.

Understanding Utah VA Loans

Zero Down Payment

VA loans are one of the only loan programs that allow eligible veterans and active-duty service members to purchase a home in Utah with absolutely 0% down.

No Monthly PMI

Unlike FHA and Conventional loans, VA loans do not require monthly private mortgage insurance, saving you hundreds of dollars every month.

How to Use This VA Calculator

Enter Home Price: Input the purchase price of the home you want to buy in Utah.
Select VA Usage: Choose whether this is your first time using a VA loan or a subsequent use, as this affects the funding fee.
Disability Exemption: Check the box if you have a service-connected disability, which waives the VA funding fee entirely.
View Your Payment: The calculator will show your monthly payment including Principal, Interest, Utah Property Taxes, and Homeowners Insurance.

Utah VA Loan Example Scenario

Buying a $450,000 Home (First-Time Use, No Disability)

Down Payment: $0
Base Loan Amount: $450,000
VA Funding Fee (2.15%): $9,675 (Rolled into loan)
Total Financed Amount: $459,675
Monthly PMI: $0

VA Loan FAQs

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Disclaimer: The calculators and information provided on this website are for educational and illustrative purposes only. While we strive to provide the most accurate data, estimates, and local Utah tax rates possible, your actual interest rate, monthly payment, and closing costs will vary based on your specific financial situation, credit score, and current market conditions. This is not a commitment to lend. Please consult with a licensed Utah mortgage professional for a personalized rate quote and official loan estimate.