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2019 FHA Loan Limits in Utah

In most of Utah, the standard FHA loan limit applies: $314,827 for a single-family home. However, Summit Park has a maximum FHA limit of $726,525, and the limit is $388,700 for Salt Lake City, and $377,200 for Provo and Orem.

Utah is known for its sprawling deserts and picturesque mountain ranges. No wonder many people call this scenic state home. However, buying a home in Utah has come with some challenges lately.

According to a 2018 report from the Utah Foundation, a nonprofit research group, housing affordability is of growing concern to state residents. The report emphasizes that compared with other large metro areas in the western U.S., housing costs in Utah are seem reasonable.
However, in 2018, the availability of affordable housing had the lowest rating on the foundation’s quality-of-life index since 2011, when tracking began.

In just the past five years, home prices in Utah have jumped. In 2013, the median sale price was $207,000 but came in at $298,950 in 2018, according to the foundation report.

If you’re looking to buy in Utah, an FHA loan may be an affordable option. According to the most recent data available, Utah residents took out 14,750 FHA loans in 2015, or about 30% of the state’s 48,663 purchase originations, a measure of mortgage activity in Utah that year.

Large swaths of Utah are sparsely populated, and more than 80% of state residents actually live in the densely populated area that includes Salt Lake City, Orem and Provo.

Utah FHA Loan Limits by County

FHA Loan Limits in Utah
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Beaver $331,760 $424,800 $513,450 $638,100 $198,000
Box Elder $646,300 $827,400 $1,000,100 $1,242,900 $562,000
Cache $331,760 $424,800 $513,450 $638,100 $265,000
Carbon $331,760 $424,800 $513,450 $638,100 $138,000
Daggett $331,760 $424,800 $513,450 $638,100 $262,000
Davis $646,300 $827,400 $1,000,100 $1,242,900 $562,000
Duchesne $331,760 $424,800 $513,450 $638,100 $224,000
Emery $331,760 $424,800 $513,450 $638,100 $174,000
Garfield $331,760 $424,800 $513,450 $638,100 $212,000
Grand $331,760 $424,800 $513,450 $638,100 $274,000
Iron $331,760 $424,800 $513,450 $638,100 $230,000
Juab $401,350 $513,800 $621,050 $771,850 $349,000
Kane $331,760 $424,800 $513,450 $638,100 $243,000
Millard $331,760 $424,800 $513,450 $638,100 $186,000
Morgan $646,300 $827,400 $1,000,100 $1,242,900 $562,000
Piute $331,760 $424,800 $513,450 $638,100 $184,000
Rich $374,900 $479,950 $580,150 $720,950 $326,000
Salt Lake $416,300 $532,950 $644,200 $800,600 $362,000
San Juan $331,760 $424,800 $513,450 $638,100 $174,000
Sanpete $331,760 $424,800 $513,450 $638,100 $197,000
Sevier $331,760 $424,800 $513,450 $638,100 $194,000
Summit $765,600 $980,325 $1,184,925 $1,472,550 $663,000
Tooele $416,300 $532,950 $644,200 $800,600 $362,000
Uintah $331,760 $424,800 $513,450 $638,100 $249,000
Utah $401,350 $513,800 $621,050 $771,850 $349,000
Wasatch $765,600 $980,325 $1,184,925 $1,472,550 $663,000
Washington $377,200 $482,850 $583,700 $725,400 $328,000
Wayne $331,760 $424,800 $513,450 $638,100 $133,000
Weber $646,300 $827,400 $1,000,100 $1,242,900 $562,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will insure. In 2019, that limit is $484,350. The FHA’s “floor” is the largest mortgage the agency will issue in most of the country and is set at $314,827 for 2019.

The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Utah?

FHA loans may be a good option if you’re a first-time buyer, or are otherwise looking for an affordable loan that may require a smaller downpayment and less stringent credit score. Still, it’s important to understand how FHA loan limits may work in your state.

To see what the loan limits are in Utah, go to the FHA loan limit website. For more information on FHA loan qualifications overall, head to LendingTree’s FHA page to get started.

 

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