The Federal Housing Finance Agency (FHFA) and Housing and Urban Development (HUD) raised their loan limits significantly. These new limits will allow for larger loan amounts and potentially lower rates and easier qualification. Loans not backed by the government are typically harder to qualify for and usually have higher rates.
If you are looking to buy or want to look at lowering your monthly payment please talk to one of our experienced Mortgage Loan Officers.
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Bank of Utah has a team of mortgage loan officers who can assist you with your mortgage needs and questions.
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