DOWN PAYMENT ASSISTANCE
The down payment shouldn't be what stops you.
Saving for a down payment is the biggest hurdle for many buyers. Down payment assistance can cover part or all of it, so you can buy sooner. I help Utah buyers find out what they qualify for and use it with the right first mortgage.
Utah Housing programs
Utah Housing Corporation offers several home loan programs with down payment help, for first-time buyers and for buyers who have owned a home before. I work with all Utah Housing loan options and match you with the one that fits your situation.
The down payment help usually comes as a second loan with its own small monthly payment. Income limits apply, and program details change, so I'll check what's current for you.
How down payment assistance works with your loan
1
We review your income, credit and savings on a free call.
2
I check which Utah Housing program and first mortgage fit you best.
3
You get pre-approved with the assistance built in.
4
The assistance is applied at closing toward your down payment and costs.
Common questions
Do I have to be a first-time buyer?
Not always. Some Utah Housing options are for first-time buyers, and others are open to buyers who have owned a home before.
Do I have to pay the assistance back?
Usually, yes. It's typically a second loan with a monthly payment, or due when you sell or refinance. I'll walk you through the exact terms.
Can sellers help too?
Yes. Seller help with closing costs can be combined with down payment assistance, which can lower what you bring to closing even more.