Summit County Housing Market
Summit County has one of the most diverse housing markets in Utah. The Park City area — including Deer Valley, Canyons Village, and Snyderville Basin — is a high-end market where median prices frequently exceed $1 million. Many buyers in the Park City corridor use jumbo loans due to home prices above conforming loan limits.
The eastern half of the county tells a different story. Coalville (the county seat), Kamas, Oakley, Francis, and Henefer offer significantly more affordable housing, with prices often in the $400,000–$600,000 range. These communities attract buyers who want mountain living without Park City's price tag, and many commute to Park City or the Salt Lake Valley for work.
Summit County also has a significant second-home and investment property market. Vacation rentals are common in the Park City area, and buyers should understand the different loan requirements for second homes versus primary residences.
Down Payment Assistance & Utah Housing Programs
Utah Housing Corporation's statewide DPA programs are available in Summit County, though purchase price limits may restrict their use in the Park City corridor. Buyers in eastern Summit County communities like Coalville, Kamas, and Oakley are more likely to fall within program limits. Some eastern areas may also qualify for USDA zero-down financing — check current USDA eligibility maps for details.
Cities We Serve in Summit County
Loan Programs Available in Summit County
Conventional Loans
As low as 3% down, competitive rates
FHA Loans
3.5% down, credit scores from 580+
VA Loans
Zero down for veterans & military
USDA Loans
Zero down in eligible rural areas
Down Payment Assistance
Grants & programs to reduce costs
Utah Housing Programs
State-sponsored loans & DPA
First-Time Buyer Programs
Special programs for new buyers
Your Summit County Mortgage Lender
Felix Vivanco is a licensed mortgage loan officer (NMLS #2002977) who serves homebuyers across Summit County — from Park City luxury properties to affordable homes in Coalville and Kamas. With over six years of experience and more than 100 five-star Google reviews, Felix helps buyers find the right loan program for their situation. He is bilingual in English and Spanish.
Learn more about Felix Vivanco →
Frequently Asked Questions
What mortgage options work for Park City's high home prices?
Jumbo loans are commonly used in the Park City corridor where home prices frequently exceed conforming loan limits. Conventional and FHA loans serve buyers in the more affordable eastern parts of Summit County such as Coalville, Kamas, and Oakley.
Can I get a USDA loan in Summit County?
Some eastern areas of Summit County may qualify for USDA financing. Check current USDA eligibility maps for up-to-date boundary information. Park City and the surrounding ski resort corridor are not USDA-eligible.
Are second home and investment property loans available in Summit County?
Yes. Summit County has a significant second-home and vacation-rental market, particularly around Park City. Conventional loans are available for second homes and investment properties, though they typically require higher down payments (10–25%) and carry slightly higher rates than primary residence loans.
What is the median home price in Summit County?
Summit County's median home price varies widely by area. The Park City corridor typically sees median prices above $1 million, while eastern communities like Coalville, Kamas, and Oakley offer homes at significantly lower price points, often in the $400,000–$600,000 range.
Are there down payment assistance programs for Summit County buyers?
Utah Housing Corporation's statewide DPA programs are available in Summit County, though purchase price caps may limit their use in higher-priced areas like Park City. These programs work well for buyers in the more affordable eastern parts of the county.
What is a jumbo loan and do I need one in Summit County?
A jumbo loan exceeds the conforming loan limit set by the FHFA. In Summit County, many Park City properties require jumbo financing. Jumbo loans typically require higher credit scores, larger down payments (10–20%), and more reserves than conforming loans.
Ready to Buy a Home in Summit County?
Get pre-approved or schedule a free consultation with Felix Vivanco.