Washington County Mortgage Guide 2025: Loan Options Every Buyer Should Know

Washington County Mortgage Guide 2025: Loan Options Every Buyer Should Know

Why Washington County Buyers Need the Right Loan Strategy

Washington County home values are nearly flat, up about 0.4% year‑over‑year, with the average home value around $527,889. Homes are going pending in roughly 48 days on average. With such balanced conditions, being ready with the right financing can give you the advantage when something good hits the market.

FHA Loans: A Solid Start for First-Time Buyers

FHA loans are backed by the Federal Housing Administration and remain a favorite among first-time buyers.

• 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 Washington County

If you’re a service member, veteran, or surviving spouse, VA loans offer unbeatable benefits.

• 0% down payment

• No PMI (private mortgage insurance)

• Favorable interest rates

✅ Best for: Eligible military borrowers seeking low upfront costs.

USDA Loans: Zero Down for Rural Utah Areas

Most of Utah County is not USDA-eligible, but if you’re house-hunting outside the urban centers—think Eagle Mountain, Cedar Fort, or parts of Payson—you might qualify.

• 0% down payment

• Lower mortgage insurance than FHA

• Income and location restrictions apply

✅ Best for: Buyers considering rural or outlying areas.

Conventional Loans: The Flexible Middle Ground In Washington County

Conventional loans remain the most widely used mortgage type across Salt Lake 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 Washington County

For 2025, Washington County’s conforming (conventional) loan limit is $806,500, and the FHA loan limit is $593,400. Homes above that 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 Salt Lake County.

👉 That’s where I come in. 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 Washington County Mortgages

What’s the minimum credit score for a mortgage in Washington County?

• FHA: 580+ (3.5% down)

• Conventional: 620+

• VA: No official minimum, but most lenders prefer 580–620+

Are home prices dropping in Washington County?

Slightly — median home prices are down about 0.5% year‑over‑year based on recent reports, and homes are staying listed longer (around 65 days) in many areas. If you’re buying, being ready with a pre‑approval and knowing your loan options helps.

Can I buy a home in Washington County with 0% down?

Yes, through VA loans if you qualify. USDA loans generally aren’t available within the county itself but may apply just outside its borders. I also work with lenders offering no-down-payment options based on credit and income.

Final Takeaway

Washington County is cooling a bit, but not drastically. If you line up your mortgage plan ahead, know your loan limits, and stay active, you’ll be in a strong position. Don’t wait too long— the right property may slip away if you’re not prepared.

📞 Ready to explore your options? Give Justin, That Mortgage Guy a call today to help you with your options. (855)-962-LOAN