Did you know?
Utah Housing has made some changes to our Loan Programs; these changes will become effective with Mortgage Purchase Agreements (interest rate locks) issued on or after February 11, 2019. https://utahhousingcorp.org/
| HomeAgain: | May include an owner occupied One-to-Two Unit Dwelling, such as a Duplex, mother in law apartment or Accessory Dwelling Unit (ADU) as defined by FHA. Follow FHA requirements when including any rental income to qualify. Rental income used to qualify the Borrower must be included in UHC qualifying income limits. |
| HomeAgain: | Non-Occupant Co-Borrowers are allowed. The Non-Occupant Co-Borrower debt ratio cannot exceed 45% |
| FirstHome: | The Non-Occupant Co-Signer’s debt ratio has increased from 41% to 45% |
| Insurance: | Addition of UHC Insurance requirements as currently listed in our Selling Supplement. |
https://utahhousingcorp.org/
Utah grapples with growing housing shortage as demand outpaces supply
Utah faces a housing shortage of about 44,000 units due to rapid population growth, high land prices, labor shortages, and restrictive zoning. Median home prices rose from $305,000 to $535,000 between 2018 and 2024, outpacing wages and limiting affordability....
New Year, New Sale: Renovating Your Home for 2025
Upgrade Kitchens and Bathrooms: Modern countertops, energy-efficient appliances, and updated fixtures increase home value and buyer interest.Boost Curb Appeal: Fresh landscaping, a painted front door, and new lighting create strong first impressions.
Tariffs to Inflate Remodeling and Home Prices
Tariffs on building materials are driving up construction costs, raising home prices, and slowing the housing market.New tariffs could add $7,500–$10,000 to home costs, making homeownership harder as demand continues to decline.
Key Benefits that most Veterans Overlook
Navigating the path to homeownership can often seem daunting, particularly for veterans who have dedicated a significant portion of their lives to serving their country. The VA home loan program stands as a beacon of hope, offering a unique opportunity to those who...
Honoring Our Nation’s Heroes on Memorial Day.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.
How to Determine Your Home’s Value
Robert and Kim are experts in personal finance at Newsweek. Determining your home value is crucial for selling your property. Methods include online tools, comparative market analysis, and professional appraisal. Factors like location, size, condition, comparable...
Real Estate Fortune: Why 2025 Is the Golden Year
2025 may present a unique opportunity for Real Estate agents despite ongoing industry challenges. An increase in inventory could lead to lower prices and more successful deals for agents.
New report reveals how one fast-growing expense is impacting homeowners: ‘Many may feel like they can never own a home’
Home insurance premiums in Utah have surged by 59% in three years, the highest increase nationwide, driven largely by climate change-related extreme weather. Rising costs are worsening the housing crisis, making homeownership harder, especially for first-time buyers....
US Homes: Will Growth Return in 2025?
U.S. home sales peaked in 2021, declined through 2024, and are expected to see mild growth in 2025-2026.Mortgage interest rates will continue influencing market trends, impacting prices and buyer demand.
Property Tax Trends Across the US
Rising property values have led to higher tax burdens, though some states cap assessments to limit drastic increases. Northeastern and Midwestern states generally impose higher property taxes, while Southern and Western states tend to have lower rates.