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2013-12-12 11:40:38
FHA Loan Limit in Salt Lake County Dropping

FHA Adjusts Loan Limits for 2014

Home for Sale MediaOne Real EstateThe most drastic change from 2013 is going to be felt in Salt Lake and Tooele Counties that have an FHA Loan Limit today on a single family home of $729,750. In 2014 that FHA Loan Limit will drop to $300,150.  How will FHA changing its loan limits affect you?  It does a few things. For Buyers that are going to use an FHA Loan this does limit the amount of home they are able to finance. Sellers that are selling their home above the FHA Loan Limit in their county will want to make sure that the Pre-Approval Letter is for a Conventional Loan.  Make sure to contact your lender for more details.  See Below for quick reference on FHA Loan Limits in Utah by County.

 

 

FHA Maximum Mortgage Limits 2014
On Dec. 6, FHA published Mortgagee Letter 2013-43, which announced that on January 1, 2014, FHA will implement new SF loan limits for Title II Forward Mortgages as detailed in the Housing and Economic Recovery Act of 2008 (HERA).  Read the entire announcement.

FHA Mortgage Limits List - FHA Forward


Message:   MORTGAGE LIMITS SUCCESSFULLY COMPLETED


Mortgage maximums as of Wednesday January 01, 2014
(29 records were selected, 29 records displayed.)

MSA Name MSA Code Division County Name County
Code
State One-Family Two-Family Three-Family Four-Family Median Sale Price Last Revised Limit Year
NON-METRO 99999   BEAVER 001 UT $271,050 $347,000 $419,425 $521,250 $123,000 12/06/2013 CY2014
OGDEN-CLEARFIELD, UT 36260   BOX ELDER 003 UT $389,850 $499,050 $603,250 $749,700 $234,000 01/01/2014 CY2014
LOGAN, UT-ID 30860   CACHE 005 UT $271,050 $347,000 $419,425 $521,250 $188,000 12/06/2013 CY2014
PRICE, UT 39220   CARBON 007 UT $271,050 $347,000 $419,425 $521,250 $149,000 12/06/2013 CY2014
NON-METRO 99999   DAGGETT 009 UT $302,450 $387,200 $468,000 $581,650 $191,000 12/06/2013 CY2014
OGDEN-CLEARFIELD, UT 36260   DAVIS 011 UT $389,850 $499,050 $603,250 $749,700 $234,000 01/01/2014 CY2014
NON-METRO 99999   DUCHESNE 013 UT $271,050 $347,000 $419,425 $521,250 $108,000 12/06/2013 CY2014
NON-METRO 99999   EMERY 015 UT $271,050 $347,000 $419,425 $521,250 $109,000 12/06/2013 CY2014
NON-METRO 99999   GARFIELD 017 UT $271,050 $347,000 $419,425 $521,250 $131,000 12/06/2013 CY2014
NON-METRO 99999   GRAND 019 UT $271,050 $347,000 $419,425 $521,250 $158,000 12/06/2013 CY2014
CEDAR CITY, UT 16260   IRON 021 UT $271,050 $347,000 $419,425 $521,250 $150,000 12/06/2013 CY2014
PROVO-OREM, UT 39340   JUAB 023 UT $271,050 $347,000 $419,425 $521,250 $229,000 01/01/2014 CY2014
NON-METRO 99999   KANE 025 UT $271,050 $347,000 $419,425 $521,250 $149,000 01/01/2014 CY2014
NON-METRO 99999   MILLARD 027 UT $271,050 $347,000 $419,425 $521,250 $134,000 12/06/2013 CY2014
OGDEN-CLEARFIELD, UT 36260   MORGAN 029 UT $389,850 $499,050 $603,250 $749,700 $234,000 01/01/2014 CY2014
NON-METRO 99999   PIUTE 031 UT $271,050 $347,000 $419,425 $521,250 $132,000 12/06/2013 CY2014
NON-METRO 99999   RICH 033 UT $296,700 $379,800 $459,100 $570,550 $187,000 12/06/2013 CY2014
SALT LAKE CITY, UT 41620   SALT LAKE 035 UT $300,150 $384,250 $464,450 $577,200 $243,000 01/01/2014 CY2014
NON-METRO 99999   SAN JUAN 037 UT $271,050 $347,000 $419,425 $521,250 $119,000 12/06/2013 CY2014
NON-METRO 99999   SANPETE 039 UT $271,050 $347,000 $419,425 $521,250 $192,000 12/06/2013 CY2014
NON-METRO 99999   SEVIER 041 UT $271,050 $347,000 $419,425 $521,250 $175,000 12/06/2013 CY2014
SUMMIT PARK, UT 44920   SUMMIT 043 UT $600,300 $768,500 $928,950 $1,154,450 $485,000 01/01/2014 CY2014
SALT LAKE CITY, UT 41620   TOOELE 045 UT $300,150 $384,250 $464,450 $577,200 $243,000 01/01/2014 CY2014
VERNAL, UT 46860   UINTAH 047 UT $271,050 $347,000 $419,425 $521,250 $211,000 12/06/2013 CY2014
PROVO-OREM, UT 39340   UTAH 049 UT $271,050 $347,000 $419,425 $521,250 $229,000 01/01/2014 CY2014
HEBER, UT 25720   WASATCH 051 UT $331,200 $424,000 $512,500 $636,900 $287,000 01/01/2014 CY2014
ST. GEORGE, UT 41100   WASHINGTON 053 UT $278,300 $356,250 $430,650 $535,200 $219,000 01/01/2014 CY2014
NON-METRO 99999   WAYNE 055 UT $271,050 $347,000 $419,425 $521,250 $125,000 12/06/2013 CY2014
OGDEN-CLEARFIELD, UT 36260   WEBER 057 UT $389,850 $499,050 $603,250 $749,700 $234,000 01/01/2014 CY2014


Selection criteria

Sorted by: County
State: UT
County:  
County Code:  
MSA Name:  
MSA Code:  
Limit Type: FHA Forward
Limit Year: CY2014
Last Revised:  

The CY2014 basic standard mortgage limits for FHA insured loans are:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $271,050.00   $347,000.00   $419,425.00   $521,250.00  
  HECM   $625,500.00      
  Fannie/Freddie   $417,000.00   $533,850.00   $645,300.00   $801,950.00  

High cost area limits are subject to a ceiling based on a percent of the Freddie Mac Loan limits
The ceilings for CY2014 are:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $625,500.00   $800,775.00   $967,950.00   $1,202,925.00  
  HECM   $625,500.00      
  Fannie/Freddie   $625,500.00   $800,775.00   $967,950.00   $1,202,925.00  

Section 214 of the National Housing Act provides that mortgage limits for Alaska, Guam, Hawaii, and the Virgin Islands may be adjusted up to 150 percent of the new ceilings. This results in new CY2014 ceilings for these areas of:
      One-family   Two-family   Three-family   Four-family  
  FHA Forward   $938,250.00   $1,201,150.00   $1,451,925.00   $1,804,375.00  
  Fannie/Freddie   $938,250.00   $1,201,150.00   $1,451,925.00   $1,804,375.00  

 



This is a listing of the FHA single family mortgage limits. This listing was downloaded from the Department's Computerized Home Underwriting Management System. Since mortgage limits are updated constantly, please contact the Homeownership Center if you believe this information is in error.


 

 
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