Orem sits at the center of one of the most dynamic economic corridors in the country. Silicon Slopes — Utah's technology belt running through Utah County — has brought a wave of high-growth companies, well-compensated professionals, and buyers who are ready to put down roots. Whether you're a tech worker with a complex compensation package, a young family making your first purchase, or a move-up buyer ready for more space, Orem's housing market has something for you.
What it doesn't always have is a mortgage lender who understands the income profile that comes with a career in tech. IFL does. From base salary and RSU income to bonus compensation and self-employment, we know how to work through the complexity and find the right program for your situation.
Rates, program availability, and eligibility requirements vary based on your specific financial profile. Contact IFL for details.
Conventional loans are the primary fit for most Orem tech workers — particularly buyers with good credit, stable income, and at least some down payment savings. Down payment options start as low as 3% for qualifying buyers. With Orem home prices typically ranging from $420,000 to $650,000 depending on location and property type, conventional financing covers most of the market.
For Orem's higher-priced properties — east bench homes, newer construction with larger footprints — conventional loans often provide more flexibility than government-backed programs, particularly once you're above FHA loan limits.
Properties priced above the conforming loan limit (set annually by FHFA — confirm current limit before publish) require jumbo financing. In Orem, this most commonly applies to larger east-bench homes and premium new construction. Jumbo loan qualification typically requires stronger credit, lower debt-to-income ratios, and larger down payments than conforming loans. IFL has access to jumbo programs through our lender network for Orem buyers in this range.
Conforming loan limits are set annually by the Federal Housing Finance Agency and subject to change. Contact IFL for current limits applicable to Utah County.
FHA loans remain an accessible option for Orem first-time buyers who are working with limited down payment savings or building credit. The 3.5% minimum down payment and more flexible qualification standards make FHA a viable path for buyers who don't yet have the savings for a larger conventional down payment.
Many Orem buyers assume their income puts them above the threshold for DPA programs — and that's sometimes true, but not always. Utah Housing Corporation program eligibility depends on household size as well as income, and the programs serve a broader income range than many buyers expect. It's worth a quick check before assuming you don't qualify.
Utah County has a meaningful veteran and military-connected population, and VA loans offer zero-down financing for eligible service members and veterans. If you've served and you're buying in Orem, the VA loan benefit is worth evaluating — zero down and no PMI in a market this price-dense is a significant advantage.
This section is for the Orem buyer whose income picture doesn't fit neatly on a W-2. If your compensation includes RSUs, bonuses, commissions, or if you're running your own business alongside (or instead of) a full-time role, you've probably wondered whether a mortgage lender will be able to work with your income.
The answer, for most people in this situation, is yes — but the process requires documentation and attention to how each income source is counted.
Restricted Stock Units are a standard part of tech compensation packages, and many lenders can use them to support mortgage qualification. Generally speaking, a documented history of RSU vesting — typically two years — combined with a reasonable expectation of continued grants may allow RSU income to be counted toward your qualifying income.
The key word is "may." RSU income qualification depends on your specific grant history, vesting schedule, employer, and the guidelines of the loan program you're applying for. IFL has worked with tech workers through this process and knows which lenders handle it well.
RSU income qualification is subject to lender guidelines and loan program requirements. Whether your RSU income can be used for qualification depends on your specific situation — contact IFL for a scenario-specific review.
Year-end bonuses are another common component of tech compensation that mortgage lenders can potentially use — typically when you have a documented two-year history of receiving similar bonuses and reasonable expectation of continuation.
The challenge for bonus income is timing: if you're applying for a mortgage before your bonus has fully posted, or if recent bonus amounts varied significantly, the picture gets more complex. IFL can walk you through how your specific bonus history would be treated in a loan application.
For Orem's growing population of freelancers, contractors, and business owners — including those doing consulting work alongside a full-time tech job — non-traditional income documentation may be the right path. Bank statement loans and other non-QM (non-Qualified Mortgage) products allow lenders to use your actual cash flow rather than W-2 income to evaluate your ability to repay.
Non-QM loan products are specialized mortgage products with qualification requirements and terms that differ significantly from conventional, FHA, and VA loans. Rates, fees, and qualification criteria vary widely. Contact IFL for details specific to your situation.
Orem has grown alongside Silicon Slopes' expansion into Utah County, and the residential market reflects that demand. Home prices in Orem typically range from roughly $420,000 for more modest single-family homes to $650,000+ for larger properties and east-bench locations. New construction in and around Orem has added inventory, but demand from tech-employed households has kept the market from fully softening.
The tech boom effect: The concentration of employers like Adobe, Domo, and other Utah County tech companies has created a buyer pool with above-average incomes — which has compressed affordability at the lower end of the market even as it supports activity at the higher end.
Utah Valley growth: Orem sits between Provo and American Fork, and the entire Utah Valley corridor is growing. Buyers whose first choice is Orem sometimes expand their search to Pleasant Grove, Lindon, or American Fork as they explore what their budget covers. IFL serves buyers throughout Utah County.
Pre-approval matters. Orem's market, while not as frenzied as it was in 2021–2022, still rewards prepared buyers. A pre-approval letter signals serious intent and gives you the confidence to move when you find the right property.
If you're a tech worker buying your first home, don't assume UHC programs are off the table. Program eligibility depends on household income *and* household size — a single buyer at $90,000 may be over the limit, while a family of four at the same income may qualify. It's worth five minutes to check.
First-time buyer definition: For UHC and most DPA programs, "first-time homebuyer" means you haven't owned a primary residence in the past three years. If you owned a home before but have been renting for three or more years, you may qualify again.
We handle complex income. RSU compensation, bonus history, self-employment income, mixed W-2 and 1099 — we've worked through it all with Utah County tech workers. We know which documentation to gather and which lenders handle complex income well.
We're a broker. IFL works with multiple lenders, which means more options and better matching. The right loan for a $500,000 Orem purchase with bonus income looks different from the right loan for a $400,000 Provo purchase by a first-time buyer — and we can serve both.
We're fast. Pre-approval timelines that let you compete. Documentation requirements explained clearly upfront so there are no surprises.
We know Utah Valley. We understand the local market, the neighborhoods, and the full landscape of programs available to Utah County buyers.
In many cases, yes — with documentation. Lenders typically want to see a two-year history of RSU vesting and a reasonable expectation of continued grants. Whether your specific RSU situation qualifies depends on your grant history, employer, and loan program. Contact IFL for a review of your specific situation.
Sometimes — it depends on household income, household size, and which program you're evaluating. UHC programs have income limits that vary by these factors, and they change periodically. Don't assume you're over the limit before checking. IFL can quickly assess whether UHC programs are in range for you.
Most conventional loan programs require a minimum 620 credit score, with meaningfully better rates available as your score increases above 700 and 740. For jumbo loans, lender minimums are typically higher.
For buyers with organized financial documents, IFL typically turns around pre-approval within one business day. Having your two most recent pay stubs, two years of tax returns, two months of bank statements, and your ID ready speeds up the process significantly.
Whether your income is straightforward or complex, your situation has a mortgage solution. The first step is finding out what you qualify for — and that starts with a pre-approval conversation.
Contact Integrity First Lending to get started.
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SUGGESTED META DESCRIPTION: IFL helps Orem and Silicon Slopes buyers get home loans — including complex RSU and bonus income. Conventional, jumbo, FHA, VA options. Get pre-approved today.
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