Comments on: Utah Land Prices Getting Too Expensive? http://utahmortgageloans.net/2006/07/10/utah-land-prices-getting-too-expensive/ I'm a licensed mortgage professional based in Salt Lake City, Utah, with Sun Valley Mortgage. I've been in the mortgage business since 1998 (in one form or another). Feel free to call me anytime at 801-376-2289. Wed, 16 Jun 2010 22:43:48 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Erik http://utahmortgageloans.net/2006/07/10/utah-land-prices-getting-too-expensive/#comment-5 Erik Thu, 27 Jul 2006 02:07:06 +0000 http://utahmortgageloans.net/2006/07/10/utah-land-prices-getting-too-expensive/#comment-5 They don't necessarily raise limits every year - in fact I don't believe there are any rules that dictacte how often limits can be raised in a particular area. Washington County (St. George area) has had their limits raised independent of the rest of Utah, and currently has the highest FHA limit in the whole state at $243,526. Davis is at $200,160 currently. Those are the figures for single family residences, but they go up to $384,936 for a four-plex. I imagine we'll see another adjustment if property values continue to rise on the Wasatch Front like they have in the past 18 months or so. They don’t necessarily raise limits every year – in fact I don’t believe there are any rules that dictacte how often limits can be raised in a particular area.

Washington County (St. George area) has had their limits raised independent of the rest of Utah, and currently has the highest FHA limit in the whole state at $243,526. Davis is at $200,160 currently. Those are the figures for single family residences, but they go up to $384,936 for a four-plex.

I imagine we’ll see another adjustment if property values continue to rise on the Wasatch Front like they have in the past 18 months or so.

]]> By: Janette Price http://utahmortgageloans.net/2006/07/10/utah-land-prices-getting-too-expensive/#comment-4 Janette Price Wed, 26 Jul 2006 17:17:39 +0000 http://utahmortgageloans.net/2006/07/10/utah-land-prices-getting-too-expensive/#comment-4 I wish FHA mortgage limits would increase. All of Davis County's property for new homes has gone up drastically. Do they only raise these limits once a year? I wish FHA mortgage limits would increase. All of Davis County’s property for new homes has gone up drastically. Do they only raise these limits once a year?

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