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2021 FHA Loan Limits in Utah

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The FHA loan limit in Utah has increased up to $356,362 and $817,650 for a single-family home, depending on the county. The lower number applies to less expensive rural areas, while homebuyers in some higher-cost areas might be able to qualify for more.

Prospective homeowners in Salt Lake City may be eligible for up to $453,100. Those seeking a house in the Heber Valley, with close proximity to the famed Sundance Resort and ski mecca Park City, could qualify for more than $800,000.

If you have your sights set on moving to Utah, this may be the perfect time to buy a home or to refinance. And thanks to the Federal Housing Administration (FHA), some Utahns (or Utahans, if you prefer) can qualify for federally backed loans to help get them into a new home. In 2021, residents will be able to borrow more with an FHA loan in some areas to make their dreams of owning a home in the Beehive State come true.

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 $356,362 $456,275 $551,500 $685,400 $212,000
Box Elder $646,300 $827,400 $1,000,100 $1,242,900 $479,000
Cache $356,362 $456,275 $551,500 $685,400 $292,000
Carbon $356,362 $456,275 $551,500 $685,400 $158,000
Daggett $356,362 $456,275 $551,500 $685,400 $267,000
Davis $646,300 $827,400 $1,000,100 $1,242,900 $479,000
Duchesne $356,362 $456,275 $551,500 $685,400 $192,000
Emery $356,362 $456,275 $551,500 $685,400 $176,000
Garfield $356,362 $456,275 $551,500 $685,400 $227,000
Grand $356,362 $456,275 $551,500 $685,400 $300,000
Iron $356,362 $456,275 $551,500 $685,400 $259,000
Juab $439,300 $562,350 $679,800 $844,800 $382,000
Kane $356,362 $456,275 $551,500 $685,400 $170,000
Millard $356,362 $456,275 $551,500 $685,400 $198,000
Morgan $646,300 $827,400 $1,000,100 $1,242,900 $479,000
Piute $356,362 $456,275 $551,500 $685,400 $196,000
Rich $374,900 $479,950 $580,150 $720,950 $310,000
Salt Lake $453,100 $580,050 $701,150 $871,350 $394,000
San Juan $356,362 $456,275 $551,500 $685,400 $168,000
Sanpete $356,362 $456,275 $551,500 $685,400 $240,000
Sevier $356,362 $456,275 $551,500 $685,400 $198,000
Summit $817,650 $1,046,750 $1,265,250 $1,572,450 $711,000
Tooele $453,100 $580,050 $701,150 $871,350 $394,000
Uintah $356,362 $456,275 $551,500 $685,400 $192,000
Utah $439,300 $562,350 $679,800 $844,800 $382,000
Wasatch $817,650 $1,046,750 $1,265,250 $1,572,450 $711,000
Washington $414,000 $530,000 $640,650 $796,150 $360,000
Wayne $356,362 $456,275 $551,500 $685,400 $223,000
Weber $646,300 $827,400 $1,000,100 $1,242,900 $479,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Utah?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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