FHA VS Conventional loan programs in 2025 for Elk-Ridge, Utah County, Utah
For 2025, the Conventional loan limit applicable in Elk-Ridge, encompassed by Utah county in UT, stands at $647,200. By contrast, the FHA limit set for a single-family home is $508,300. These figures are crucial for prospective homebuyers as they navigate their financial planning and lending eligibility within these loan categories, providing a framework for how much can be borrowed under these guidelines.
Use Lendersa®'s advanced Conventional loan calculator to effectively compare today's standout rates among Conventional, FHA, and USDA loans. Assess essential qualifications such as the required income, credit score, financial reserves, and necessary documentation to qualify. This sophisticated mortgage calculator allows you to view Conforming Conventional loans, USDA, FHA, and VA options in a side-by-side format, empowering you to make well-informed choices on which option in UT best aligns with your individual financial scenario.
Guidelines on 2025 Loan Limits and Downpayment Requirements for Elk-Ridge, County of Utah, UT
Loan Type
Loan Limit
Down payment
Conventional Conforming
$647,200
3% - This base figure is commonly regarded as a reasonable entry point for many homebuyers, promoting accessibility.
USDA
$351,400
0% - Widely appreciated for enabling no down payment options, making homeownership feasible for rural applicants.
FHA
$508,300
3.5% - This manageable down payment option offers flexibility, making it a popular choice among first-time buyers.
This informative table pertains to these specific zip codes: 84651, facilitating area-specific guidance for prospective borrowers.
Unlocking Conventional and FHA Loan Opportunities in Elk-Ridge, UT
Lendersa® is committed to eliminating complexity by swiftly securing the best possible Conventional, USDA, or FHA loan for you. Start by selecting one of the three initiating paths designed to connect you instantly with matching lenders and tailored loan programs that align with your specific needs.
2651 W South Jordan Parkway, South Jordan, UT, 84095
We specialize in residential mortgages. At Aspen Hills Mortgage, we will find a loan that fits each borrower. Unlike big banks that have "order takers" helping you with your loan, we have highly skilled loan consultants. Our consultants know what it takes to get through underwriting quickly.
10808 S River Front Parkway, Suite 3084, South Jordan, UT, 84095
Our mission is to set a high standard in the mortgage industry. We are committed to quality customer service - putting the people we serve first. Our goal is to carefully guide you through the home loan process, so that you can confidently select the best mortgage for you and your family from the many mortgage options that are available today.
10355 South Jordan Gateway, Suite 525, South Jordan, UT, 84095
Homie Loans™ was born out of the need for a simplified mortgage loan process. With Homie Loans™ you get an amazing rate, simplicity and friendly support. It’s so much better than before Homie Loans is the fastest way to get the lowest interest rate and closing costs possible No hidden fees. No catch. No crazy commissions
Lauren's passion is helping you finance real estate by designing personalized solutions that meet your needs. With some of the most cutting edge programs available to provide you with the "best fit" options, when combined with transparency, you are in control of your mortgage and empowered to make the best possible decisions for your finances.
11602 South Redwood Road, Suite B201, Riverton, UT, 84095
Optimum Mortgage, LLC. We are a full-service mortgage company based in Riverton, UT. We specialize in FHA Streamline in the State of Utah (Soon to expand to more states). Whether you are buying a home or refinancing, we can help you realize your dream of home ownership or save you money when getting your new lower monthly payment.
1124 W South Jordan Pkwy, Suite A, South Jordan, UT, 84095
The Lending Alliance is mortgage home loan provider founded in the belief that every customer deserves the best service and that every employee deserves the best work environment no matter what.As home is where the heart is, it is our mission to be honest, faithful, and unwavering in assisting all our customers in making sound financial decisions.
10808 S River Front Pkwy, Suite 393, South Jordan, UT, 84095
Unified Lending is your premier mortgage lender located in the beautiful Wasatch front. If you are looking to purchase a new home or refinance the one that you have, we are here to help! We take great pride at Unified Lending in educating our customers and in keeping them informed during the loan process.
2651 W South Jordan Parkway, South Jordan, UT, 84095
Our mortgage team members will give you the personal service you deserve and treat you with the respect due an esteemed customer.We realize the big commitment you are making in purchasing a house, refinancing, or cashing out your equity. So we make a commitment to you: we will help you qualify, apply and be approved for the perfect mortgage loan.
