2011 FHA Loan Limits in Utah

As of October 1, 2011, HUD has reduced the FHA loan limits throughout the U.S., but of course we’re mainly concerned with what affect it will have on Utahns buying homes. According the HUD, based on the amount of FHA loans only about 3% of the loans made in 2010 under the old, higher limits would not be made today. I think this is a true case scenario. I certainly haven’t seen a lot of $729,750 loans. In fact I haven’t seen even one. That might be because it would take an income of $14,530 a month to qualify for a FHA loan that large, and there are not a lot of Utahns that make that kind of money. Only 6.5% of Utah households make more than $150,000 a year. The average annual household income in Utah as of the last census was $69,686 with the median being $55,642. In other words, 50% of Utah households qualify for less than a $245,000 FHA loan. With the lowest loan limit in Utah being $271,050, you can see that the lower loan limits will not keep many from buying homes using a FHA loan.

Here are the new loan limits for the state of Utah, county-by-county.

County Name One-Family Two-Family Three-Family Four-Family
BEAVER $271,050 $347,000 $419,425 $521,250
BOX ELDER $271,050 $347,000 $419,425 $521,250
CACHE $271,050 $347,000 $419,425 $521,250
CARBON $271,050 $347,000 $419,425 $521,250
DAGGETT $302,450 $387,200 $468,000 $581,650
DAVIS $389,850 $499,050 $603,250 $749,700
DUCHESNE $271,050 $347,000 $419,425 $521,250
EMERY $271,050 $347,000 $419,425 $521,250
GARFIELD $271,050 $347,000 $419,425 $521,250
GRAND $271,050 $347,000 $419,425 $521,250
IRON $271,050 $347,000 $419,425 $521,250
JUAB $271,050 $347,000 $419,425 $521,250
KANE $271,050 $347,000 $419,425 $521,250
MILLARD $271,050 $347,000 $419,425 $521,250
MORGAN $389,850 $499,050 $603,250 $749,700
PIUTE $271,050 $347,000 $419,425 $521,250
RICH $296,700 $379,800 $459,100 $570,550
SALT LAKE $600,300 $768,500 $928,950 $1,154,450
SAN JUAN $271,050 $347,000 $419,425 $521,250
SANPETE $271,050 $347,000 $419,425 $521,250
SEVIER $271,050 $347,000 $419,425 $521,250
SUMMIT $600,300 $768,500 $928,950 $1,154,450
TOOELE $600,300 $768,500 $928,950 $1,154,450
UINTAH $271,050 $347,000 $419,425 $521,250
UTAH $271,050 $347,000 $419,425 $521,250
WASATCH $331,200 $424,000 $512,500 $636,900
WASHINGTON $278,300 $356,250 $430,650 $535,200
WAYNE $271,050 $347,000 $419,425 $521,250
WEBER $389,850 $499,050 $603,250 $749,700

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