Salt Lake City Home LoansCondos, Bungalows & City Living
From historic bungalows to new condos near TRAX, Salt Lake City offers more ways to own than most people realize. We'll help you find the loan that fits the home and the neighborhood.
- Condo & townhome know-how
- Renovation & investor loans
- Fast pre-approval
Can I buy a condo in Salt Lake City with an FHA loan?
Yes, if the condo project is FHA-approved or the unit qualifies for FHA single-unit approval, and the price fits Salt Lake County's 2026 FHA limit of $637,100. Conventional loans also finance condos from 3% down for qualifying first-time buyers, with their own project review. We check the project before you make an offer.
Reviewed by Kenny Farshchian, NMLS #1639863Updated
City living, with more ways to own than you might think
Salt Lake City is Utah's capital and largest city, with neighborhoods ranging from the historic Avenues and Sugar House to Rose Park, Glendale and the east bench. TRAX, FrontRunner and the new Salt Lake City International Airport, which opened in 2020, connect it to the rest of the valley, and the University of Utah anchors the east side.
Urban homes bring their own financing details: condo and HOA reviews, older homes that need work, and properties with a basement apartment or ADU. We sort those out before you make an offer.
Salt Lake City at a glance
| Detail | Salt Lake City |
|---|---|
| County | Salt Lake County |
| Area | Salt Lake City Area |
| Common ZIP codes | 84101–84106, 84108, 84109, 84111, 84115, 84116 |
| Public schools | Salt Lake City School District |
| Your loan officer | Kenny Farshchian, NMLS #1639863 · call or text (385) 758-5247 |
ZIP codes and school boundaries don't always follow city lines; confirm a specific address with your agent, the county or the school district.
Loans Salt Lake City buyers use most
Condos, townhomes, older homes and rentals each call for a different mix of programs.
FHA Loans
3.5% down with a 580+ score, up to $637,100 in Salt Lake County.
Learn moreConventional Loans
From 3% down for qualifying first-time buyers, including many condos.
Learn moreRenovation Loans
Buy an older home and finance the updates in the same loan.
Learn moreDown Payment Assistance
Programs that can cover part of your down payment or closing costs.
Learn moreDSCR Investor Loans
Buying a rental? Qualify with the property's rent.
Learn moreJumbo Loans
For homes priced above the $832,750 conforming limit.
Learn moreSalt Lake County loan limits for 2026
These limits apply to single-family homes. Loans above the conforming limit are jumbo loans.
| Loan type | 2026 limit (1 unit) | What it means |
|---|---|---|
| Conventional (conforming) | $832,750 | Most homes in Salt Lake County fit under this limit. |
| FHA | $637,100 | 3.5% down with a 580+ credit score. |
| VA | No limit with full entitlement | $0 down for eligible veterans and service members. |
| Jumbo | Above $832,750 | Higher-priced homes; stronger credit and reserves. |
Sources: FHFA 2026 conforming limits and HUD 2026 FHA limits. Limits change each January.
What to know before you buy in Salt Lake City
- Salt Lake City has funded down payment help for income-qualified first-time buyers through nonprofit partners, but funding is limited; ask us what's open now.
- Historic districts such as the Avenues have design rules for exterior changes. Check them before you plan a renovation.
- Ask for the HOA's budget, reserves and any pending special assessments early; lenders review the condo project as well as you.
- Counting on rent from a basement apartment or ADU? Lenders count it only in specific cases, so confirm before you budget around it.
Three steps to your keys
- 01
Get a real pre-approval
Share your income and assets once. We compare loan options from multiple lenders and tell you exactly what you can afford, usually within 24 to 48 hours.
- 02
Shop with confidence
Make offers in Salt Lake City with a pre-approval letter local agents trust, and a loan officer who answers the phone when your agent calls.
- 03
Close on time
We manage appraisal, underwriting and title, and keep you and your agent updated at every step until you get the keys.
We also serve cities near Salt Lake City
South Salt Lake
South Salt Lake sits between downtown Salt Lake City and Millcreek, with three TRAX stations served by all three lines and the S-Line streetcar running to Sugar House.
Learn moreEmigration Canyon
Emigration Canyon is a mountain community just east of Salt Lake City, along the route used by the Donner Party in 1846 and Mormon pioneers in 1847.
Learn moreMillcreek
Millcreek became a city in 2016 and has since built a new city center, Millcreek Common, at 3300 South and Highland Drive.
Learn moreAll areas we serve
Local guides for cities in Davis, Weber, Salt Lake and Cache counties. We're licensed throughout Utah.
Learn moreSalt Lake City Home Loan Questions
In some cases, yes. Salt Lake City has funded down payment loans for income-qualified first-time buyers through nonprofit partners such as the Community Development Corporation of Utah, though funding is limited. Statewide Utah Housing Corporation programs are also available. We'll check what you qualify for.
Salt Lake City is in Salt Lake County, where the 2026 single-family limits are $832,750 for conventional loans and $637,100 for FHA loans. VA loans have no limit for borrowers with full entitlement, and loans above $832,750 are jumbo loans.
Sometimes. Some conventional and FHA programs can count part of the expected rent from an accessory dwelling unit, and rent from the other units of a two- to four-unit home you live in can also help. Rules vary, so we'll check the specific property.
Yes. We're a mortgage broker based in Layton, serving Salt Lake City and communities across Salt Lake County. You can meet us in person, work by phone or video, and apply securely online.
Ready to buy in Salt Lake City?
Get a pre-approval you can count on and a local broker who answers the phone. No pressure, no obligation.