Utah VA Loans
Deciding to purchase a house in Utah is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.
With the average listing price of a home in Utah landing at $871,652, the VA loan’s signature $0-money-down benefit is a considerable advantage for Utah homebuyers.
See also: VA Loan Options for Other States
How to get a VA Loan in Utah
VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.
For example, if you're purchasing a home in Salt Lake City, UT, you'll need to find a lender licensed in Utah to do the loan.
Other Considerations for Getting a VA Loan in Utah
VA borrowers in Utah should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.
Utah VA Loan Limits
As of January 1, 2020, VA borrowers in Utah with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.
However, veterans without their full VA loan entitlement are still bound to Utah’s VA loan limits.
Utah VA Loan Limits by County
| County | Loan Limit |
|---|---|
| Box Elder County | $744,050 |
| Davis County | $744,050 |
| Morgan County | $744,050 |
| Summit County | $1,089,300 |
| Wasatch County | $1,089,300 |
| Weber County | $744,050 |
| All other areas | $726,200 |
Property Taxes in Utah
Another consideration for VA buyers in Utah is property taxes. For certain VA buyers, there are exemptions.
You may be eligible for a property tax exemption in Utah if you meet one of the following conditions:
- A disabled veteran may receive exemptions on their primary residence if the veteran is 10 percent or more disabled as a result of service
- The maximum taxable value of a property is $271,736 and the veteran must be 100 percent disabled
- Active duty armed forces personnel may receive a full exemption if he/she is deployed out-of-state for military duty
If you are required to pay property tax in Utah, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:
| County | Property Tax Rate |
|---|---|
| Beaver | 0.49% |
| Box Elder | 0.68% |
| Cache | 0.62% |
| Carbon | 0.67% |
| Daggett | 0.47% |
| Davis | 0.69% |
| Duchesne | 0.69% |
| Emery | 0.65% |
| Garfield | 0.48% |
| Grand | 0.52% |
| Iron | 0.61% |
| Juab | 0.69% |
| Kane | 0.62% |
| Millard | 0.58% |
| Morgan | 0.59% |
| Piute | 0.55% |
| Rich | 0.49% |
| Salt Lake | 0.71% |
| San Juan | 0.95% |
| Sanpete | 0.67% |
| Sevier | 0.61% |
| Summit | 0.43% |
| Tooele | 0.67% |
| Uintah | 0.59% |
| Utah | 0.56% |
| Wasatch | 0.54% |
| Washington | 0.59% |
| Wayne | 0.44% |
| Weber | 0.78% |
How VA Loans Work in Utah
View the graphic below to learn more about how VA loans work in Utah.
