Finance
Utah conforming loan limits are set by:
AThe Utah Division of Real Estate
BThe Federal Housing Finance Agency (FHFA) based on median home prices✓ Correct
CFannie Mae and Freddie Mac individually
DEach Utah county independently
Explanation
Conforming loan limits—the maximum loan amount that Fannie Mae and Freddie Mac can purchase—are set annually by FHFA based on home price changes. High-cost areas like some Utah ski resort counties may have higher conforming limits.
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