Utah Conventional & FHA 2019 Loan Limits by County

2019 Brings a Significant Bump in FHA and Conventional Loan Limits Across the State Conventional loan limits generally raised by 6.5%, except in Salt Lake and Tooele Counties, which were unchanged when compared to 2018. Similarly, FHA loan limits were also raised by approximately 6.5%, including in Salt Lake and Tooele Counties. The first [...]

3 Smart Solutions for a Low Credit Score

Having a higher credit score can open the door to more financial opportunities. When it's time to buy your Utah home, one of the first things you'll likely look into is your credit score. This three-digit number gives lenders a hint as to how likely you are to pay your bills completely and on time. [...]

Why school district matters, even if you don’t have kids

School district is one of the most influential factors for resale value. When seeking out your ideal home, you'll probably evaluate various locations before you finalize the purchase and secure a residential mortgage. You'll consider the neighborhood, how safe it is and how far the commute to work or the grocery store will be. In your [...]

2017-09-06T21:49:49+00:00September 6, 2017|Economics 101, Loan Update 101, Utah Real Estate|

No, you don’t need a 20% down payment to buy a house in Utah

No, you don't need a 20% down payment to buy a house in Utah. We've got options. Lack of inventory has made for a highly competitive Utah housing market this year, which in turn has pushed home prices up. According to the U.S. Census Bureau, the average home price in February 2017 was $390,400. This [...]

Down payment assistance programs can help alleviate savings stress

One of the biggest obstacles homebuyers face is the price. Buying a house for the first time can be a confusing and complicated experience. Most first-time buyers find there is a lot more to the purchase than they expected. One of the biggest obstacles consumers face is the price. The median U.S. home price in [...]

2017-04-06T19:15:10+00:00January 6, 2017|Loan Update 101|

Is an FHA Loan or a Conventional Loan with PMI a Better Option?

Among the many decisions you'll have to make on your journey to homeownership will be the choice of how much to pay upfront, also known as the down payment. The traditional amount to put toward your down payment is 20% of the home's value. But, as many prospective homebuyers know, this isn't always feasible. Many [...]

2017-04-06T17:44:54+00:00December 9, 2016|Economics 101, Loan Update 101|