Midvale Home LoansFirst Homes, Fixer-Uppers & Investments
Homeownership in Midvale is closer than many renters think. With low-down-payment loans and assistance programs, your first home may take less cash than you expect.
- First-time buyer programs
- Renovation & investor loans
- Fast pre-approval
How much do I need down to buy a home in Midvale?
Often less than you think. FHA loans allow 3.5% down with a 580+ credit score (up to $637,100 in Salt Lake County in 2026), qualifying first-time buyers can put 3% down on a conventional loan, and eligible veterans can buy with $0 down. Down payment assistance can cover part of the rest.
Reviewed by Kenny Farshchian, NMLS #1639863Updated
An attainable place to start building equity
Midvale sits in the middle of the valley with three TRAX stations. Bingham Junction, built on a redeveloped former smelter site along the Jordan River, added offices, apartments and townhomes, while older neighborhoods offer some of the east side's more attainable single-family homes.
Investors like this market too. If you're buying a rental, or a duplex to live in, we'll compare FHA, conventional and DSCR loans so you can see the cash needed and the return.
Midvale at a glance
| Detail | Midvale |
|---|---|
| County | Salt Lake County |
| Area | Mid-Valley & East Bench |
| ZIP code | 84047 |
| Public schools | Canyons School District |
| Your loan officer | Kenny Farshchian, NMLS #1639863 · call or text (385) 758-5247 |
ZIP codes and school boundaries don't always follow city lines; confirm a specific address with your agent, the county or the school district.
Loans Midvale buyers use most
Midvale buyers mix and match these programs to get in with less cash.
FHA Loans
3.5% down with a 580+ score, up to $637,100 in Salt Lake County.
Learn moreDown Payment Assistance
Programs that can cover part of your down payment or closing costs.
Learn moreConventional Loans
From 3% down for qualifying first-time buyers.
Learn moreRenovation Loans
Buy an older home and finance the repairs in the same loan.
Learn moreVA Loans
$0 down for eligible veterans and service members.
Learn moreDSCR Investor Loans
Buying a rental? Qualify with the property's rent.
Learn moreSalt Lake County loan limits for 2026
These limits apply to single-family homes. Loans above the conforming limit are jumbo loans.
| Loan type | 2026 limit (1 unit) | What it means |
|---|---|---|
| Conventional (conforming) | $832,750 | Most homes in Salt Lake County fit under this limit. |
| FHA | $637,100 | 3.5% down with a 580+ credit score. |
| VA | No limit with full entitlement | $0 down for eligible veterans and service members. |
| Jumbo | Above $832,750 | Higher-priced homes; stronger credit and reserves. |
Sources: FHFA 2026 conforming limits and HUD 2026 FHA limits. Limits change each January.
What to know before you buy in Midvale
- Midvale's Redevelopment Agency offers down payment help for income-qualified first-time buyers anywhere in the city; ask us about current terms.
- Townhomes near the TRAX stations need FHA or conventional project approval; we check before you make an offer.
- Older homes deserve a careful inspection. A renovation loan can cover needed repairs so you don't drain your savings.
- Ask the seller to help with closing costs. FHA allows seller contributions of up to 6% of the price.
Three steps to your keys
- 01
Get a real pre-approval
Share your income and assets once. We compare loan options from multiple lenders and tell you exactly what you can afford, usually within 24 to 48 hours.
- 02
Shop with confidence
Make offers in Midvale with a pre-approval letter local agents trust, and a loan officer who answers the phone when your agent calls.
- 03
Close on time
We manage appraisal, underwriting and title, and keep you and your agent updated at every step until you get the keys.
We also serve cities near Midvale
Murray
Murray sits in the center of the Salt Lake Valley, home to Intermountain Medical Center, Murray Park and Murray Central station, where TRAX and FrontRunner connect.
Learn moreCottonwood Heights
Cottonwood Heights calls itself the city between the canyons, with Big and Little Cottonwood Canyons and four ski resorts just up the road.
Learn moreHolladay
Holladay is one of Salt Lake County's most established cities, known for large lots, mature trees and a walkable village center.
Learn moreAll areas we serve
Local guides for cities in Davis, Weber, Salt Lake and Cache counties. We're licensed throughout Utah.
Learn moreMidvale Home Loan Questions
Midvale's Redevelopment Agency, working with NeighborWorks Salt Lake, offers first-time buyers $25,000 ($30,000 for current Midvale residents or employees), forgiven 20% a year over five years. Household income must be at or below 80% of area median income, and other rules apply, so confirm current terms before you count on it.
Midvale is in Salt Lake County, where the 2026 single-family limits are $832,750 for conventional loans and $637,100 for FHA loans. VA loans have no limit for borrowers with full entitlement, and loans above $832,750 are jumbo loans.
Yes. An FHA 203(k) loan finances the purchase and the repairs in one mortgage with 3.5% down. A conventional renovation loan is another option. We'll compare both for the home you have in mind.
Yes. We're a mortgage broker based in Layton, serving Midvale and communities across Salt Lake County. You can meet us in person, work by phone or video, and apply securely online.
Ready to buy in Midvale?
Get a pre-approval you can count on and a local broker who answers the phone. No pressure, no obligation.