Utah Housing Loans have a new revised Acquisition Costs Limit/Purchase Price limit for their Utah mortgage loans.
Earlier this year, Utah Housing followed suit with FHA and raised the maximum purchase price for Utah Housing Mortgage Loans. This will allow for more borrowers to take advantage of a higher Acquisition Cost or Purchase Price. Utah Housing typically follows the FHA maximum purchase price limits.
Salt Lake, Tooele, and Summit Counties $729,750
Davis, Morgan, and Weber Counties $397,500
Utah and Juab Counties $323,750
Wasatch County $431,250
Kane County $383,750
Washington County $372,500
Daggett County $292,500
Rich County $286,250
All Other Counties $271,050
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FAQ:
Is a Utah Housing Loan only for First Time Hombuyers?
Yes, currently Utah Housing only caters to First Time Homebuyers unless you purchase in a targeted area.
Do I need a down payment with a Utah Housing Loan?
If you are a First Time Homebuyer you may qualify for the FirstHome Plus program. The FirstHome Plus program allows you to borrow your down payment as a second mortgage.
Is there a maximum income limit for a Utah Housing mortgage?
Yes, the maximum or total household income limits will vary by county.
Will my home qualify for Utah Housing Loan?
Not every home will qualify. All homes financed with a Utah Housing mortgage must meet FHA or VA guidelines.
How do I qualify for a Utah Housing Loan?
To determine if you qualify you should fill out this secure questionnaire and you will be well on your way to getting a Utah Housing mortgage.
Mike Harrison
Principal Lending Manager
Email: mike (at) firstfedmort.com
801-404-3540 Cell
888-800-1629 Toll Free
Qualify Now Online
First Federal Mortgage, Inc
Serving the Wasatch Front
