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Senior homeowners in Utah can qualify for different amounts of credit based on the equity accumulated by their home over the years. Many lenders offer Utah reverse mortgage loans whereby homeowners can be paid a lump cum cash amount that is similar to the value of their home or can opt to be paid in installments. The FHA works together with the HUD to inform homebuyers on the various financial products they can take advantage of. These two bodies appoint lenders who offer HECM loans to seniors whose home values fall within the stipulated limits.

Although most of the 29 counties in Utah have limits that align with the national average, there are a few that have significantly higher limits. For example, counties such as Weber, Washington, Wasatch, Utah, Morgan, Kane, Juab  and Davis have limits ranging from $50,000 to $125,000  more than the national average. Significantly higher limits are found in the counties that form part of the Salt Lake City metro area. The limits for these areas is $450,000 more than the national average.

Seniors looking to get some form of credit but are not in employment, are disabled or do not have other forms of collateral can apply for reverse mortgages and get amounts up to the value of their homes.