Conforming loans in Summit and Wasatch County
Fannie Mae and Freddie Mac have maximum lending limits in Park City, Heber & Midway Utah. When getting a loan remember that mortgages at or lower than these limits are known as “conforming” loans. Mortgages larger than these limits are called non-conforming or jumbo loans.
Summit County exceeds the standard loan amounts set by Fannie Mae and Freddie Mac. Because the loan amounts may be larger they are referred to as conforming jumbo loans
2016 Conforming Loan Limits for Summit and Wasatch County
Summit County: Park City Single Family | $600,300
Wasatch County: Midway and Heber Single Family: $417,000
I am not a licensed mortgage broker or banker but I can provide a recommendation of who to contact:
Derrik Carlson (435) 200-5478