04/15/2026
Here is what I’d do….
1. Target new construction with builder incentives in Salt Lake County and Utah County — Right now Edge Homes is offering a 3.99% 7/6 ARM with a 2-1 buydown that drops your effective rate to just 1.99% in year one, plus 3% seller concessions (roughly $9,750 on a $325,000 condo). You’ll find these deals in great spots like West Valley City, Midvale, and West Jordan in Salt Lake County, or Lehi, Saratoga Springs, Eagle Mountain, and Mapleton in Utah County. For condos there’s a small additional 0.75% discount point, but it still makes payments far more affordable than standard market rates while you start building equity fast.
2. Buy in high-growth areas across Utah for steady appreciation — The statewide median home price sits around $574,000 (up about 1.8% year-over-year), with forecasts calling for modest 2–4% annual growth in 2026. New builds give you modern features, warranties, and energy efficiency, plus you benefit from ongoing population growth, job opportunities, and limited land — especially strong in tech-influenced corridors.
3. Plan for the 5–7 year move-up — Lock in the low introductory rate and use principal paydown plus appreciation to build solid equity (often 25–35% by year 7). By then, many of my clients refinance into a fixed-rate mortgage or upgrade to a larger home as their family or income grows. Utah’s long-term fundamentals make this a proven stepping-stone strategy.
First-time homebuyers — stop renting and start building wealth in Utah today. These builder incentives and low effective rates won’t last forever!
DM me “FIRST HOME” and I’ll send you current Edge Homes listings in West Valley City, Midvale, West Jordan, Lehi, Saratoga Springs, Eagle Mountain, Mapleton and beyond, and help you find the best new construction deal. Let’s get you into a home before promotions or rates shift! 🏡
