Welcome, I’m glad you’re here.
Hi Realtors! I’m glad you’re here.
I’ve created this page as a reference for you to refer to with information you have requested. Please let me know if you want anything additional added to this page.
2021 FHA LOAN LIMITS
Salt Lake County: $453,100
Utah County: $439,300
CONVENTIONAL CONFORMING LOAN LIMITS
Salt Lake County: $600,300
Utah County: $548,250
DOWN PAYMENTS BY PROGRAM TYPE
VA – 0% Down – 660 Credit Score (ONLY VETERANS QUALIFY)
USDA – 0% Down, 660 Credit Score --- NOTE THERE ARE MAXIMUM LOAN LIMITS FOR THIS PROGRAM BASED ON HOUSEHOLD SIZE – MUST PURCHASE HOME IN A RURAL CITY (examples – SOUTH of Spanish Fork (but not including Spanish Fork), Eagle Mountain, Saratoga Springs, Tooele, Grantsville, Stansbury Park, Brigham City (and many more)
FHA – 3.5% Down, 660 Credit Score
Conventional – best to have a 700 Credit score or higher
First Time Home buyer 3%
Anyone – 5% -- NOTE PMI is MUCH less on the 5% down program
Closing Costs --- a good estimate for closing costs would be $5000-6000 – reach out for an exact number