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Utah Mortgage
Utah mortgage lenders provide discounted mortgage rates for refinance, FHA home loans and second mortgages. 2006 was the year that most home values peaked in the state of Utah. Property values began to decline slightly in 2007, so we recommend tapping the equity in your home if you have any adjustable rate debt or need cash for any reason. If for some reason property values continue to drop, it will be easier to get approved for financing with a higher "loan to value." It may be a good idea to refinance your purchase loan if the interest rate begins to vary. Many homeowners in Utah have been setting up a line of credit secured by their home (HELOC) in case they need cash quickly in an emergency.
Nationwide Mortgage Loans offers Utah consumers premium interest rates with refinance and purchase mortgages for qualified real estate transactions. We can help you find one of our local loan officers who service our Utah clients.
- Utah Home Purchase Loans
- 100% Home Financing
- Mortgage Loans for All Types of Credit
- Adjustable Rate Consolidation
- Non-Prime Loans - Past Bankruptcy OK
- FHA Streamline Refinance
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Make something grow with
your simple interest saving! |
FHA finally raised their mortgage limits for refinance loans. Home loan limits were raised from $271,050 up to $729,050 in designated high cost areas. The Housing of Urban Development increased the Utah mortgage maximum limits for 2008 and the loan changes can be seen below by county.
MSA Name |
County Name |
State |
One-Family |
Two-Family |
Three-Family |
Four-Family |
VERNAL |
UINTAH |
UT |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
PRICE |
CARBON |
UT |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
BRIGHAM CITY , |
BOX ELDER |
UT |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
HEBER |
WASATCH |
UT |
$431,250 |
$552,050 |
$667,350 |
$829,350 |
CEDAR CITY |
IRON |
UT |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
LOGAN , UT-ID |
CACHE |
UT |
$271,050 |
$347,000 |
$419,400 |
$521,250 |
ST. GEORGE |
WASHINGTON |
UT |
$372,500 |
$476,850 |
$576,400 |
$716,350 |
SALT LAKE CITY |
SUMMIT |
UT |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SALT LAKE CITY |
TOOELE |
UT |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
SALT LAKE CITY |
SALT LAKE |
UT |
$729,750 |
$934,200 |
$1,129,250 |
$1,403,400 |
NON-METRO |
KANE |
UT |
$383,750 |
$491,250 |
$593,800 |
$738,000 |
NON-METRO |
RICH |
UT |
$286,250 |
$366,450 |
$442,950 |
$550,450 |
OGDEN-CLEARFIELD, |
MORGAN |
UT |
$397,500 |
$508,850 |
$615,100 |
$764,400 |
PROVO-OREM, |
UTAH |
UT |
$323,750 |
$414,450 |
$500,950 |
$622,600 |
| Loan Program Highlights - Mountain States (UT, CO, WY) |
| 80-20 Purchase Mortgages: 1st and 2nd mortgages working together to eliminate the need for a down-payment
100% Refinance Loans: Pay off high rate loans and combine with a fixed rate 1st mortgage up to 100% Loan-to-Value.
Second Mortgages up to 125%: Fixed rates and fixed monthly payments.
Home Equity Line of Credit up to 100%: Adjustable rates and the flexibility to use and reuse the line of credit for the 1st 10 years.
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| Local Tips From The Underwriting Mortgage Pros |
Did you know that most underwriters require at least 50 miles between the primary residence, and another property, in order to consider it a "Second Home."
- C. Taylor, Utah Mortgage Broker at Salt Lake Mortgages
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Nationwide offers exclusive mortgages in Utah for consolidating credit card debt and loans that have higher interest rates. So your monthly expenses are reduced significantly. Consolidating variable interest rates translates to an increase in your wallet because you will have more money in your pocket from the hard dollar savings.
| Utah Mortgage Market News and Real Estate Updates |
Utah continues to maintain strong growth, with home prices in Utah increasing 12.9% from the third quarter of 2006 through the same period in 2007, according to the U.S. Office of Federal Housing Enterprise Oversight. In 2008 Utah homeowners should be in good position to take out a home equity loan or refinance their current mortgage into a fixed rate loan. Borrowers from most of the other states do not have the same financing opportunities because of the depreciating home values.
In Utah, the Orem and Provo metropolitan areas realized the most significant increase in homes prices, rising 14.3% from the 3rd quarter of 2006 to 3rd quarter 2007, according to the OFHEO data. Provo-Orem was followed by Ogden-Clearfield, which had a 13.9% increase, and Salt Lake City, where prices were up 13.3%.
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