Home Equity in Utah: How Much Can You Cash Out? (2026)
With Utah's median value near $530,000 and a typical $292,000 balance, homeowners can access about $158,500 at 85% combined LTV — through a HELOC, a fixed home equity loan, or a cash-out refinance.
In Utah, the cheapest way to tap equity is usually a second lien (HELOC/home equity loan) if your current mortgage rate is low; a cash-out refinance replaces the whole loan at 80% LTV.
Accessible equity by Utah county
| County | Est. Value | Equity at 85% CLTV |
|---|---|---|
| Salt Lake County | $560,000 | $168,000 |
| Weber County | $470,000 | $140,500 |
| Utah County | $530,000 | $158,500 |
| Davis County | $530,000 | $158,500 |
| Cache County | $530,000 | $158,500 |
| Tooele County | $530,000 | $158,500 |
| Box Elder County | $530,000 | $158,500 |
| Iron County | $530,000 | $158,500 |
| Wasatch County | $530,000 | $158,500 |
| Uintah County | $530,000 | $158,500 |
| Sanpete County | $530,000 | $158,500 |
| Sevier County | $530,000 | $158,500 |
| Carbon County | $530,000 | $158,500 |
| Duchesne County | $530,000 | $158,500 |
| San Juan County | $530,000 | $158,500 |
| Washington County | $560,000 | $168,000 |
| Summit County | $1,200,000 | $360,000 |
How to tap equity in Utah
Start with your numbers: home value minus what you owe, capped at 85% of value. Then pick the tool — a revolving HELOC for flexible access, a fixed home equity loan for a lump sum, or a cash-out refinance if a new first-mortgage rate beats your current one. Compare two or three lenders, since margins and fees vary.
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Frequently Asked Questions
- How much home equity can I tap in Utah?
- On a $530,000 home with a $292,000 balance, about $158,500 at 85% CLTV. Your exact limit depends on the lender, your credit, and the appraisal.
- Is a HELOC or cash-out better in Utah?
- If your first mortgage rate is low, a HELOC or home equity loan is usually cheaper because it keeps that rate. A cash-out refinance only wins when today's rate beats your current one.