Call Justin Muir today at 801-870-4451 to get you Pre-Qualfied for a First Time Home Buyer Utah no down payment program.  Don’t wait to buy your dream home!


Utah Housing Loan

The main objective of Utah Housing Loans  is to give safe, decent as well as clean housing for families in Utah that have low and moderate earnings. This Utah Housing loans program was established in year 1975 by the state legislature.

There are four loan choices in Utah Housing Loans which include First Time Home Buyer Utah :

  • First Time Home Buyer Utah
  • Score Utah Housing loan
  • Home Again Utah Housing loans
  • No Mortgage Insurance or NoMi Utah Housing loans

First Time Home Buyer Utah Loan helps entitled borrowers who don’t have adequate amount of resources shell out for a initial payment and closing expenses when buying a property. The standard amount of property buyer should save for an initial payment, the closing expenses in between five percent to six percent of the property purchase amount. This Utah Housing loans program permits applicant to have a loan of up to six percent of the property purchase amount that could help cover the initial payment as well as closing expenses.

The NoMi Utah Housing loans and Score Loan provide four percent, rather than six percent, for the property buyer’s initial payment or closing expenses.

Why utilize First Time Home Buyer Utah?

Families and individual who are not capable of buying a property of inadequate resources for an initial payment and closing expenses might still become a homeowner through utilizing Utah Housing Loans.

To Qualify for First Time Home Buyer Utah, there are things you need to know when applying:

  • The total gross family income must fall in the income limit limitations. The limits differ by country, so apply online to know when you are qualified or not.
  • The credit score should show that you can pay all your monthly charges on time. Applicants must have 620 credit score. If it’s higher, it’s better.
  • Applicants must be capable of qualifying for Federal Housing Administration or conventional refinancing
  • Applicants must reside in the property and could not buy as a rental
  • Non occupant co-signers are permitted only for First Home Loan.

First Time Home Buyer Utah is an administration and insures state sponsored mortgage for 1st time property buyers. It permits buyers to get financing by means of a first and second loan which is equivalent to the purchase cost. This gets rid of the need for them to contribute any initial payment. The Utah housing Loan mortgage is a remarkable choice for 1st time home buyers with extremely limited resources for initial payment.

  • The mortgage is restricted to First Time Home Buyer Utah
  • Initial payment is not needed
  • Closing charges and down payment could be financed
  • Utmost purchase cost differs by county

To help you qualify for the Utah Housing Loan program, First Time Home Buyer Utah  go to a reliable and certified Utah housing loan lender. Rely on a company that has already helped many people purchase a home.

The most important thing about Utah Housing Loans is that it doesn’t give rental support of any form. Once you want rental help, do not hesitate to call a Utah housing Loan authority.


Justin Muir

First Time Home Buyer Utah

First Time Home Buyer Utah