What credit score do I need to buy a home in Utah?
Minimums by loan type: Conventional: 620+ (best rates at 740+) FHA: 580+ for 3.5% down, 500-579 with 10% down VA: 620+ (VA has no minimum, but most lenders require it) Jumbo (over $806,500 in Salt Lake/Utah/Davis counties for 2026): 700+ You can pull free credit scores at annualcreditreport.com. We can connect you with a lender […]
How does the home-buying process work in Utah?
Typical Utah home purchase timeline: Pre-approval (1-3 days) — soft pull with a lender Home search (varies) — with a licensed agent Offer & REPC contract — Utah uses the state’s Real Estate Purchase Contract Earnest money deposit (typically 1-2% of purchase price, held in escrow) Due diligence period (usually 7-14 days) — inspections, appraisal […]
What are Utah property taxes?
Utah has some of the lowest property taxes in the U.S. — the effective rate averages about 0.55% statewide (well below the U.S. average of ~1%). Rates vary by county and municipality. Salt Lake County: ~0.62% Utah County: ~0.53% Davis County: ~0.60% Washington County: ~0.51% Owner-occupied primary residences receive a 45% exemption on the taxable […]
Is Utah a community-property state?
No. Utah is an equitable-distribution state. Property acquired during marriage is not automatically owned 50/50; in a divorce, courts divide marital property equitably (fairly, not necessarily equally). Titling still matters — a home titled in one spouse’s name alone is presumed separate unless commingled or refinanced with joint funds. Consult a licensed Utah attorney for […]
What is a REPC?
The Real Estate Purchase Contract (REPC) is Utah’s standardized purchase agreement, published by the Utah Association of REALTORS® and the Utah Division of Real Estate. It includes: Purchase price & financing Earnest money & deadlines Due-diligence, financing, and appraisal deadlines Seller disclosures Inclusions/exclusions (which appliances stay, etc.) Default remedies The REPC is legally binding once […]
What are closing costs in Utah?
Buyers typically pay 2-3% of the purchase price in closing costs in Utah. On a $500,000 home that’s roughly $10,000-$15,000. Includes: Lender fees (origination, underwriting) Title insurance & escrow fees Appraisal ($500-$700) Home inspection ($350-$550) Recording fees & transfer taxes (Utah has no real-estate transfer tax at the state level) Prepaid property taxes & insurance […]
How is the Utah real-estate market right now?
Utah remains one of the strongest housing markets in the West, driven by: Population growth (fastest-growing state 2010-2020, still top 5) Tech expansion along the Silicon Slopes corridor (Lehi, Draper, SLC) Constrained supply from geography (mountains) and slow permitting Market conditions vary sharply by county and price point. Ask our AI Chat for the current […]
Can I sell my home myself (FSBO) in Utah?
Yes — Utah allows for-sale-by-owner (FSBO) transactions. You retain listing commission (typically 3%), but you’re responsible for: Pricing correctly (a bad price kills more FSBOs than anything else) Marketing (photos, MLS via flat-fee service, syndication) Legal disclosures — Utah requires a Seller Property Condition Disclosure REPC negotiation & contract execution Managing showings, inspections, appraisals, and […]