Finance
A jumbo loan in Utah exceeds:
AThe FHA loan limit
BThe FHFA conforming loan limit for the applicable county✓ Correct
C$500,000 in any county
DThe VA entitlement amount
Explanation
A jumbo loan exceeds the FHFA conforming loan limit for the county where the property is located. High-cost counties in Utah (such as Summit County/Park City) have higher conforming limits than standard counties.
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