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Financing for Utah's premium and high-value properties
A jumbo loan is a mortgage that exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. FHFA publishes conforming loan limits each year by county. Utah counties differ (for example Salt Lake vs Summit). Look up the current-year FHFA table for the property county. Do not treat a number on a marketing page as the limit that will apply to your file. High-cost counties (for example Summit) can have a higher ceiling than the rest of the state. Do not use a number copied from an old blog post.
Use this as a map of typical overlays, not a score. A loan officer still has to apply the guide that is in force for your product and your documentation.
Typical program differences as of 2026-08. Confirm current published rules.
Swipe sideways to compare every column.
| Question | Conventional | Jumbo |
|---|---|---|
| Credit (typical overlay, not a promise) | 620 (overlays often higher) | Investor overlays; often stronger than conforming conventional. Not a published floor. |
| Down payment / equity | Some first-time and low-down conventional products start around 3% down for eligible borrowers. | Often 10–20% depending on loan size and reserves. Overlay, not a statute. |
| Occupancy | Primary, second home, and investment, each with different pricing and overlays. | Primary, second home, and investment exist as overlays. Pricing and down payment change with occupancy. |
| Property type | 1–4 units, condos and PUDs when the project meets investor rules. | Project and property overlays are investor-specific. High-cost condos can be harder than detached. |
| MIP / PMI / funding fee / guarantee fee | Conventional PMI can usually be removed once the loan reaches the investor’s equity threshold (commonly 20% based on original value, or by a new appraisal under the program rules). | Some jumbo files have no monthly PMI at lower LTVs. Others price risk into rate. Compare Loan Estimates. |
| Loan limits | FHFA conforming limit for the property county. Look up this year’s table. | Any amount above the FHFA conforming limit for that county. Not a single Utah-wide number. |
Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision.
Education first. A conversation with a loan officer is how you find out what may actually fit your file.
Loan information is provided by Ondo Real Estate (NMLS ID on file). This is not a commitment to lend, a loan approval, or an offer of credit. Rates, terms, and payments shown are estimates for illustration only, are not a quote, and are subject to credit approval, underwriting, and market conditions. You are not required to use Ondo for financing to buy or sell with Ondo. Equal Housing Lender. Program rules, fees, and county loan limits change. Confirm the current published schedule and lender overlays. Nothing here is a quote, a lock, or a credit decision. Licensing and disclosures