Utah pairs world-class ski resorts with five national parks, which gives short-term rental investors two strong seasons. The catch is zoning: Salt Lake City, Park City, St. George and Moab each allow nightly rentals only in certain zones.
In short: LendingStreet is our top pick for Utah short-term rental investors. On some programs we qualify on projected short-term revenue, which suits a Park City condo or a St. George home in a rental zone. We need no W-2s or tax returns, LLC borrowers are standard and 30-year terms are available. Loans start at $150,000 with up to 80% LTV on a purchase. Get a quote with the form below or call (877) 298-1001.
For investors buying or refinancing nightly rentals in Utah, LendingStreet is our top pick. Our short-term rental DSCR loans look at the property's income, and on some programs that means projected short-term revenue rather than a 12-month lease. There are no W-2s or tax returns to collect, and borrowing in an LLC is standard.
It fits investors buying ski-area condos in Park City and the Wasatch Back, homes in St. George's rental zones, and properties near the national parks, plus owners refinancing an STR with booking history. It is not for a home you will live in; every loan is a business-purpose loan on non-owner-occupied property.
To see your numbers, get a quote with the form below or call (877) 298-1001.
Well-known short-term rental lenders include CoreVest, Dominion Financial, Lima One and Visio Lending. Compared scenario by scenario for investors in Utah, LendingStreet comes out as the stronger choice, and one application covers it.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| A single short-term rental | LendingStreet | We finance individual 1-8 unit short-term rentals. CoreVest states its short-term rental loans are for 5+ STR properties under one loan. |
| Short-term rental with credit in the 620s | LendingStreet | Our DSCR minimum is 620. Visio Lending's STR guide states a 680 minimum, and Lima One states 700 for its STR loans. |
| Short-term rental loan above $2.5M | LendingStreet | Our DSCR loans have no stated maximum. Lima One states STR loans up to $2.5M. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Park City and the Wasatch Back are Utah's best-known ski rental markets, with Ogden Valley, Brian Head and the Cottonwood Canyons area adding more. Summer brings hiking, biking and events, so many ski properties now book in two seasons.
Southern Utah serves national park visitors. St. George and Washington County sit near Zion and draw golf and winter travelers too, while Moab serves Arches and Canyonlands, and Springdale sits at Zion's entrance. Bear Lake in the north books with summer families.
| Market | Typical property | What to check first |
|---|---|---|
| Park City | Ski condos and homes | Nightly rentals allowed only in some zones |
| Salt Lake City | Homes and condos | Most residential zones bar stays under 30 days |
| St. George | Homes in resort communities | Property must be in an approved STR zone |
| Moab | Homes and townhomes | Overnight rentals limited to certain zones |
| Ogden Valley, Brian Head | Cabins and condos | County or town rules, HOA covenants |
Utah cities control short-term rentals mainly through zoning. Salt Lake City does not allow stays under 30 days in most residential zones. Park City allows nightly rentals in certain areas, including Old Town and resort zones, and prohibits them in several residential neighborhoods. St. George limits them to designated overlay zones and certain resort communities, and Moab and Grand County restrict overnight rentals to certain zones.
State law limits one enforcement tool: a city cannot use a rental listing alone as proof of a violation. That does not make a rental legal, so check the zone and license requirements for the exact parcel. Transient room taxes and sales taxes apply to short stays.
Most Utah investors weigh three kinds of lenders. The table compares them on what matters most for a vacation rental you plan to keep.
A Park City condo or St. George rental-zone home can earn far more booked by the night than leased by the year. Programs that count projected short-term revenue are built for that gap.
| What matters for a vacation rental | LendingStreet | Typical local bank | Typical hard money lender |
|---|---|---|---|
| Can short-term revenue qualify the loan? | Yes, projected STR revenue on some programs | Often wants rental history on tax returns | Usually based on property value, not income |
| Income documents | No W-2s or tax returns | Usually tax returns and W-2s | Varies |
| Borrow in an LLC | Standard | Varies; often personal name | Common |
| Loan term | 30-year terms available | Varies; may be shorter or adjustable | Usually short-term only |
| Purchase leverage | Up to 80% LTV | Varies | Varies |
| Cash-out refinance | Up to 75% LTV | Varies | Rarely a long-term option |
| Where they lend | All 50 states and DC | Usually a local footprint | Often regional |
This example is illustrative and not a quote. An investor buys a four-bedroom home in a St. George community zoned for short-term rentals for $640,000 with 20% down. Taxes are budgeted at $390 a month on full market value, since the primary residential exemption does not apply. Insurance is $155 and HOA dues are $240.
The loan is $512,000 at 80% LTV, so the down payment is $128,000 before closing costs. Estimated principal and interest over 30 years comes to about $3,580. With $390 in taxes, $155 in insurance and HOA dues of $240, the monthly payment is about $4,365. Using $69,000 of projected annual revenue ($5,750 a month), DSCR is about 1.32x.
If the same home were leased long-term at $2,900 a month, DSCR would be about 0.66x, below the 1.0x standard minimum. Southern Utah books strongest in spring and fall, with a slower summer, so build the projection on this community's actual seasonality. Programs differ in how they treat projected revenue.
| Item | Monthly figure |
|---|---|
| Purchase price | $640,000 |
| Loan amount (80% LTV) | $512,000 |
| Estimated principal and interest (30-year) | $3,580 |
| Property taxes | $390 |
| Insurance | $155 |
| HOA dues | $240 |
| Total monthly payment | $4,365 |
| Projected short-term revenue per month | $5,750 |
| DSCR on projected short-term revenue | About 1.32x |
| DSCR on a long-term lease of $2,900 | About 0.66x |
Utah taxes a primary residence on 55% of its market value through the primary residential exemption. A short-term rental is not a primary residence, so it is taxed on full value. If the seller lived in the home, their bill may be well below what you will pay, so budget on full value.
Insurance needs vary by market: snow loads and winter conditions in the mountains, and wildfire exposure in parts of the state. A short-term rental also needs coverage written for nightly guests. Resort-community HOA dues count in the payment, so ask for the current budget.
Before you commit to any lender for a Utah vacation rental, get clear answers to these questions. Our answers follow.
For a Utah STR, the zoning confirmation is the first item we want to see, along with the business license, HOA covenants, an insurance quote and a revenue projection or booking history.
Share the property, your revenue estimate and your target leverage, and we will come back with options. Use the form below or call (877) 298-1001.
Our top pick is LendingStreet. We qualify on projected short-term revenue on some programs, require no W-2s or tax returns, lend to LLCs as standard and offer 30-year terms.
Yes. LendingStreet finances short-term rentals across Utah, including Park City, St. George, Moab, Ogden Valley and Brian Head, and in every other state and DC.
On some programs, yes. The ratio can be built from projected short-term rental revenue instead of a long-term lease. The standard minimum DSCR is 1.0x, and sub-1.0 programs exist. If the projection comes in low, a long-term rent figure or a larger down payment can still make the numbers work.
No. These are business-purpose loans on non-owner-occupied investment property. We do not finance a home you live in or use as a personal residence.
Usually not in residential zones, where stays under 30 days are generally not allowed. Investors often look to Park City, St. George or other markets with STR zones.
A primary residence is taxed on 55% of value, but a short-term rental is taxed on full value. Budget on full value, not the seller's bill.
No. St. George limits them to designated zones and certain resort communities. Confirm the zoning for the exact parcel.
Yes. Cash-out goes up to 75% LTV, often lower on larger balances, and seasoning varies by program.
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