House prices have been increasing rapidly here in Utah as well as most parts of the country.  This creates a problem for those looking to get a mortgage when loan limits don’t increase at the same pace.  Conventional loan limits were stagnant at $417,000 from 2006 until 2017 when they increase to a measly $424,100.  So it is very encouraging to see that 2018 limits have increased to $453,100.


1 Unit – $453,100

2 Units – $580,150

3 Units – $701,250

4 Units – $871,450


Higher priced counties in Utah

Salt Lake – $600,300 (1 unit)

Summit – $636,150 (1 unit)

FHA loan limits are still $323,400 for Utah County and $328,900 for Salt Lake but I am hopeful we will see an increase in the near future.

It is a great time to buy a house and remember – FRIENDS DON’T LET FRIENDS THROW AWAY MONEY ON RENT.  Pass along my name to anyone you know looking to buy a home.