What is a Conforming Loan Limit? Both Fannie Mae and Freddie Mac set limits on home loans that they will buy or guarantee. The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae and Freddie Mac.
Looking for Utah FHA loan limits for 2023?
Utah 2023 Conforming Limits
The Federal Housing Finance Agency has set the conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023. In most of Utah, the single-family residences loan limit is $726,200, an increase of $79,000 from $647,200 in 2022. For a duplex residence or residences established as 2 units, the loan limit is $929,850, an increase of $101,150 from $828,700. Guild Mortgage has made these limits available immediately.
See below for a table that is sorted alphabetically by Utah county as some counties have high-cost loan limits available.
1-Unit - Likely a single-family home, these limits are for the majority of homes purchased in Utah.
2-Unit - Commonly known as a duplex, if you are purchasing a property that has two units under a single structure, then follow the 2-unit loan limit column.
3–4-Unit conforming limits are available upon request. This wasn't provided to improve the mobile experience.
A note about these Utah conforming limits These are conforming loan limits. You are able to purchase a property over these limits with a down payment. As an example and if you qualify, if your goal is to put 5% down on a property and that property is located in Washington County, Utah, you could purchase a property up to $764,421 and have a loan of $726,200 and still be considered conforming.
Utah County Conforming Limits Table
| Utah County | 1 Unit | 2 Units |
|---|---|---|
| Beaver | $726,200 | $929,850 |
| Box Elder | $744,050 | $952,500 |
| Cache | $726,200 | $929,850 |
| Carbon | $726,200 | $929,850 |
| Daggett | $726,200 | $929,850 |
| Davis | $744,050 | $952,500 |
| Duchesne | $726,200 | $929,850 |
| Emery | $726,200 | $929,850 |
| Garfield | $726,200 | $929,850 |
| Grand | $726,200 | $929,850 |
| Iron | $726,200 | $929,850 |
| Juab | $726,200 | $929,850 |
| Kane | $726,200 | $929,850 |
| Millard | $726,200 | $929,850 |
| Morgan | $744,050 | $952,500 |
| Piute | $726,200 | $929,850 |
| Rich | $726,200 | $929,850 |
| Salt Lake | $726,200 | $929,850 |
| San Juan | $726,200 | $929,850 |
| Sanpete | $726,200 | $929,850 |
| Sevier | $726,200 | $929,850 |
| Summit | $1,089,300 | $1,394,775 |
| Tooele | $726,200 | $929,850 |
| Uintah | $726,200 | $929,850 |
| Utah | $726,200 | $929,850 |
| Wasatch | $1,089,300 | $1,394,775 |
| Washington | $726,200 | $929,850 |
| Wayne | $726,200 | $929,850 |
| Weber | $744,050 | $952,500 |
Over the Conforming Limit?
After your down payment budget, if your home purchase is over the conforming loan limit for your preferred Utah county, consider talking to Scott about his competitive Jumbo home loan options!
Are you currently home shopping? If you are currently home shopping in Utah but haven't spoken to a home loan lender about the home loan process, consider Scott Buehler as your Loan Officer! Whether you are a first-time or experienced homebuyer, Scott Buehler would be thrilled to be by your side throughout the home purchase process!
Begin your 60-second questionnaire to get started! Scott will happily guide you through the process, issue you a prequalification letter to your real estate agent after a loan review and help you with your home loan options.