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/

The Top Reasons for Selling Your House

The Top Reasons for Selling Your House

The Top Reasons for Selling Your House Many of today’s homeowners bought or refinanced their homes during the pandemic when mortgage rates were at history-making lows. Since rates doubled in 2022, some of those homeowners put their plans to move on hold, not wanting...

Want To Sell Your House? Price It Right.

Want To Sell Your House? Price It Right.

Want To Sell Your House? Price It Right. Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations...

Pre-Approval in 2023: What You Need To Know

Pre-Approval in 2023: What You Need To Know

Pre-Approval in 2023: What You Need To Know One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a...

What Past Recessions Tell Us About the Housing Market

What Past Recessions Tell Us About the Housing Market

What Past Recessions Tell Us About the Housing Market It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than...

Is It Time To Sell Your Second Home?

Is It Time To Sell Your Second Home?

Is It Time To Sell Your Second Home? During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite...

Pin It on Pinterest

Share This