Reverse Mortgage (HECM) Guide for Utah Homeowners 62+
Utah has approximately 155,000 homeowner households led by someone 62 or older. The state's median home value of $480,000 — reflecting rapid appreciation in Salt Lake City, Provo-Orem, and Park City — means Utah seniors have often accumulated meaningful equity. For retirees managing costs in a high-appreciation market, a HECM can convert that equity into tax-free income without requiring a sale.
Source: U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25077); U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25007)
Check My Eligibility — Free & No Obligation2026 FHA HECM National Lending Limit
Utah's median home values are below the 2026 FHA HECM limit of $1,249,125, so most Utah homeowners can access the full available equity through a HECM. Luxury Park City properties occasionally approach the national cap.
Source: HUD Mortgagee Letter 2025-21
Utah Reverse Mortgage Protections
Utah does not require additional reverse mortgage counseling beyond the federal HUD mandate. The Utah Department of Financial Institutions regulates mortgage lenders in the state. Utah's general consumer protection statutes apply to mortgage lending, and the state's Truth in Lending Act enforcement covers HECM disclosures.
Source: Utah Code § 70D; Utah Department of Financial Institutions
How Much Could You Get? — Utah
Adjust your age and home value to see a quick estimate. Full calculator →
Estimate based on HUD PLF tables at 6.5% assumed expected rate. Actual amounts depend on formal appraisal and lender terms.
See if you qualify →Source: HUD Principal Limit Factor tables · HUD HECM page
Find a HUD-Approved HECM Counselor in Utah
Before you can apply for any HECM, federal law requires a one-on-one counseling session with an independent HUD-approved counselor. This is not optional — no FHA-approved lender may accept your application without a valid counseling certificate. The session covers how HECMs work, costs, alternatives, and your rights as a borrower. It typically takes 60–90 minutes and can be done by phone.
Find a HUD Counselor in Utah →This link opens the HUD HECM Counselor search tool. Filter by state (UT) to find agencies near you.
The 6 Basic HECM Eligibility Requirements
These are the same federal requirements that apply to every HECM in every state, including Utah.
-
Age 62 or older The youngest borrower on the title must be at least 62.
-
Your primary home You live in this home as your main residence — not a vacation or rental property.
-
Significant home equity You own the home free and clear, or have paid down most of the mortgage — generally 50% or more equity.
-
Located in an eligible state FHA HECM is available in all 50 states, Washington D.C., and U.S. territories — including Utah.
-
No existing reverse mortgage Standard HECMs are for first-time reverse mortgage borrowers. Other options exist if you've had one before.
-
Plan to stay in your home A HECM is designed for homeowners who intend to remain in their home long-term.
See if a HECM may fit your situation — Utah homeowners.
Takes about 2 minutes. No credit check. No sales call. No obligation of any kind.
HECM Questions for Utah Homeowners
Are HECMs available in Utah?
Yes. HECMs are available throughout Utah, including Salt Lake City, Provo-Orem, Ogden, and rural communities. FHA-approved lenders licensed in Utah can originate HECM loans on eligible primary residences.
Does Utah require additional reverse mortgage counseling?
No. Utah relies on the federal HUD counseling requirement. Before any HECM application, borrowers must complete a session with a HUD-approved independent counselor. Utah has HUD-approved agencies in the Salt Lake City area and phone counseling is available statewide.
How do Utah property taxes interact with a HECM?
HECM borrowers must keep property taxes current. Utah offers a Property Tax Abatement for low-income seniors 66 and older, and a Circuit Breaker Credit for qualifying senior and disabled homeowners. These programs can reduce annual property tax costs for HECM holders.
What if I have a HELOC on my Utah home?
An existing HELOC must be paid off and the credit line closed at HECM closing, as a HECM must be the sole lien. The HELOC payoff typically comes from HECM proceeds at closing.
Where can I find a HUD-approved HECM counselor in Utah?
Use the HUD HECM Counselor Search (link above) filtered to Utah. HUD-approved agencies are available in Salt Lake City. Phone counseling is widely available for rural Utah residents.
Back to Main Guide
Return to the HomeBridge home page for our full HECM education hub.
HomeBridge Home →Eligibility Checklist
Review all six HECM eligibility requirements in detail.
View Eligibility Checklist →Other State Guides
Explore HECM guides for neighboring states.
Colorado HECM Guide → Arizona HECM Guide →HECM Education Hub
Deepen your understanding before talking to a lender. Our plain-language guides cover how HECMs work, who qualifies, and what protections you have.
Browse all education articles → Browse all HECM FAQs →