What is an FHA Loan? Requirements, How to Get One and Best Lenders
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

2024 FHA Loan Limits in Utah

Updated on:
Content was accurate at the time of publication.

Understanding eligibility requirements for a Federal Housing Administration (FHA) loan in Utah can better your chances of qualifying for one. FHA loans come with low minimum down payment amounts and more flexible credit requirements. Another criteria includes loan limits, which vary by county. FHA loan limits in Utah for single-family homes range from $498,257 to $1,149,825.

County nameOne unitTwo unitsThree unitsFour unitsMedian sales price
BEAVER$498,257$637,950$771,125$958,350$220,000
BOX ELDER$744,050$952,500$1,151,400$1,430,900$632,000
CACHE$498,257$637,950$771,125$958,350$430,000
CARBON$498,257$637,950$771,125$958,350$236,000
DAGGETT$498,257$637,950$771,125$958,350$288,000
DAVIS$744,050$952,500$1,151,400$1,430,900$632,000
DUCHESNE$498,257$637,950$771,125$958,350$275,000
EMERY$498,257$637,950$771,125$958,350$235,000
GARFIELD$498,257$637,950$771,125$958,350$309,000
GRAND$607,200$777,300$939,600$1,167,700$528,000
IRON$498,257$637,950$771,125$958,350$344,000
JUAB$601,450$769,950$930,700$1,156,650$517,000
KANE$498,257$637,950$771,125$958,350$80,000
MILLARD$498,257$637,950$771,125$958,350$329,000
MORGAN$744,050$952,500$1,151,400$1,430,900$632,000
PIUTE$498,257$637,950$771,125$958,350$319,000
RICH$579,600$742,000$896,900$1,114,650$504,000
SALT LAKE$619,850$793,500$959,200$1,192,050$536,000
SAN JUAN$498,257$637,950$771,125$958,350$250,000
SANPETE$498,257$637,950$771,125$958,350$349,000
SEVIER$498,257$637,950$771,125$958,350$294,000
SUMMIT$1,149,825$1,472,250$1,779,525$2,211,600$1,012,000
TOOELE$619,850$793,500$959,200$1,192,050$536,000
UINTAH$498,257$637,950$771,125$958,350$326,000
UTAH$601,450$769,950$930,700$1,156,650$517,000
WASATCH$1,149,825$1,472,250$1,779,525$2,211,600$1,012,000
WASHINGTON$593,400$759,650$918,250$1,141,150$515,000
WAYNE$997,050$1,276,400$1,542,900$1,917,450$867,000
WEBER$744,050$952,500$1,151,400$1,430,900$632,000

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FHA loan limits are determined each year using a formula outlined in the National Housing Act. The formula creates FHA loan limits based on a percentage of the conforming loan limits which vary by county and metropolitan area.

There is a “floor,” or the lowest FHA loan limit which is 65% of the conforming loan limit. There is also a “ceiling,” or the maximum FHA loan limit which is at 150% of the conforming loan limit. The FHA loan floor for 2024 is $498,257 and the ceiling is $1,149,825, with several counties in Utah between these amounts.

FHA loan requirements can be more flexible compared to some other home loan options due to low down payment and credit score requirements. Still, Utah FHA loan borrowers need to be able to meet minimum requirements, including:

  Credit score. You need to have a minimum 500 credit score, though you can qualify for a lower down payment with a 580 credit score or higher.
  Down payment. Lenders require you to make a 10% down payment if you have a credit score between 500 to 579. For those with at least a 580 credit score, you may qualify for a 3.5% down payment.
  Debt-to-income (DTI) ratio. Your DTI is the percentage of your monthly income going towards monthly debt payments. While FHA lenders tend to require a DTI that’s at or less than 43%, there may be some exceptions if you have excellent credit or have a large amount of assets.
  Home appraisal. Appraisals for FHA loans are required to determine whether the home adheres to safety requirements and to assess the home’s current value.
  Primary residence. FHA loans are only for borrowers who live in the home for a minimum of a year as their primary residence.
  Mortgage insurance. There are two forms of FHA mortgage insurance. FHA loans have upfront mortgage insurance (UFMIP), equal to 1.75% of the loan amount, and annual mortgage insurance premiums (MIP), which range between 0.15% and 0.75% of the loan amount. Both types are required, with UFMIP paid upfront and the MIP rolled into monthly payments lasting throughout the life of your loan.

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Buying a multifamily property with an FHA loan

The FHA loan program lets you purchase a two- to four-unit multifamily home home with only a 3.5% down payment. Like a single-family home, the minimum loan requirements are similar:

  One of the units needs to be your primary residence for a minimum of one year
  Minimum 580 credit score (or 500 with a 10% down payment)
  Meet DTI requirements of 43%
  House needs to fall within FHA loan limits
  Mortgage insurance

Number of unitsLow-cost FHA loan limit
Two$637,950
Three$771,125
Four$958,350

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
Lender
LendingTree rating
Min. FHA credit score


Flagstar Bank
580

Guaranteed Rate
Not disclosed


PennyMac
580


Rocket Mortgage
580

BMO Harris
580

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