Buying in Tooele County in 2025? This guide covers FHA, VA, USDA, Conventional, and Jumbo loans plus loan limits and market trends specific to Tooele County.
Why Tooele County Buyers Need the Right Loan Strategy
Why Tooele County Buyers Need the Right Loan Strategy
Tooele County’s market is modestly growing. The average home value is about $480,010, up roughly 0.9% year-over-year. Homes go pending in about 37 days on average. Inventory is limited and competition exists, so having your financing lined up gives you an advantage when good homes hit the market.
FHA Loans: A Solid Start for First-Time Buyers in Tooele County
FHA loans are backed by the Federal Housing Administration and remain a favorite among first-time buyers in Morgan County.
Down payment as low as 3.5%
Flexible credit requirements
Gift funds allowed for down payment and closing costs
✅ Best for: Buyers with lower credit or limited savings.
VA Loans: The Ultimate Benefit for Veterans & Active Duty
Large portions of Tooele County qualify as “rural” under USDA guidelines. Communities like Mountain Green, Peterson, and Croydon may be eligible.
0% down payment
Lower mortgage insurance than FHA
Income and location restrictions apply
✅ Best for: Buyers looking outside Morgan City or in rural parts of the county.
USDA Loans: Zero Down for Rural Morgan County Areas
Large portions of Tooele County qualify as “rural” under USDA guidelines. Communities like Tooele, Grantsville, Erda, Stansbury, Lakepoint.
0% down payment
Lower mortgage insurance than FHA
Income and location restrictions apply
✅ Best for: Buyers looking outside Tooele City or in rural parts of the county.
Conventional Loans: The Flexible Middle Ground in Morgan County
Conventional loans remain the most widely used mortgage type across Tooele County.
Down payment as low as 3% (20% avoids PMI)
Competitive rates with strong credit
More options for second homes and investment properties
✅ Best for: Buyers with good credit and stable income who want flexibility.
Jumbo / Conforming / FHA Loan Limits in Tooele County
For 2025, Tooele County’s conforming (conventional) loan limit is $806,500, and the FHA loan limit is $629,050. Homes priced above the conforming limit will require jumbo loan terms.
Which Loan Is Right for You?
There’s no one-size-fits-all mortgage. The best loan for you depends on your credit, income, military service, and the neighborhood you’re targeting in Tooele County.
👉 As a broker, I work with over 200 lenders to match you with the right program — whether that means saving money upfront or locking in a low monthly payment.
FAQs About Tooele County Mortgages
What’s the minimum credit score for a mortgage in Tooele County?
FHA: 580+ (3.5% down)
Conventional: 620+
VA: No official minimum, but most lenders prefer 580–620+
Are home prices dropping in Tooele County?
Some signs point to a cooling, especially in certain sale prices. Redfin shows the median sale price in Tooele County is about $483,275, down 3.2% year-over-year in recent data. Homes are staying on market longer in many areas.
Can I buy a home in Tooele County with 0% down?
Yes — VA loans (if you qualify) or USDA loans in eligible rural areas. Some lenders also offer no-down-payment options depending on credit and income.
Final Takeaway
Tooele County represents a mixed climate in 2025. Prices are mostly stable or slightly up depending on the neighborhood, but some downward pressure exists in sale prices. Staying ready with a strong loan strategy, knowing your limits, and acting swiftly can make all the difference.
📞 Ready to explore your options? Give Justin, That Mortgage Guy a call today to help you with your options. (855)-962-LOAN
