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/
Renting or Selling Your House: What’s the Best Move?
Renting or Selling Your House: What's the Best Move? If you’re a homeowner ready to make a move, you may be thinking about using your current house as a short-term rental property instead of selling it. A short-term rental (STR) is typically offered as an alternative...
Today’s Housing Inventory Is a Sweet Spot for Sellers
Today’s Housing Inventory Is a Sweet Spot for Sellers One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still...
Two Questions To Ask Yourself if You’re Considering Buying a Home
Two Questions To Ask Yourself if You’re Considering Buying a Home If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the...
Key Reasons To Use a Real Estate Agent When You Sell
Key Reasons To Use a Real Estate Agent When You Sell Some Highlights An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process. They’ll explain what’s happening today, what that means for you, and how...
Lending Standards Are Not Like They Were Leading Up to the Crash
Lending Standards Are Not Like They Were Leading Up to the Crash You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today....
Why Homeownership Wins in the Long Run
Why Homeownership Wins in the Long Run Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers,...
The True Cost of Selling Your House on Your Own
The True Cost of Selling Your House on Your Own Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent....
Why Buying or Selling a Home Helps the Economy and Your Community
Why Buying or Selling a Home Helps the Economy and Your Community If you're thinking about buying or selling a house, it's important to know that it doesn't just affect your life, but also your community. The National Association of Realtors (NAR) releases a report...
Are Home Prices Going Up or Down? That Depends…
Are Home Prices Going Up or Down? That Depends… Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to. For home prices, there are two different...
Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market
Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market Some Highlights Comparing housing market metrics from one year to another can be challenging in a normal housing market – and the last few years have been anything but normal. In a way, they were...