Is a down payment the only thing holding you back from homeownership? On this short page of my First-Time Homebuyer Course, you will have access to my Utah down payment assistance printout and references to other pages of this website that go into detail about specific programs available to you.
Down payment assistance is here for those in need: When down payment assistance is the only option, these programs are an excellent fit for those who qualify. Keep in mind, traditional loan programs including VA, USDA Rural are available that have 100% financing. Other loan program options have low down payment requirements as well which may result in lower overall loan costs. Please consult with Scott Buehler, your Senior Mortgage Consultant, before making a home loan program decision.
Utah Down Payment Assistance Printout
Tap the button below to access my Utah guide to down payment assistance (DPA). This printout includes options for down payment assistance as well as 100% financing options.
Important Notes: Due to the changing nature of down payment assistance home loan programs, I request you visit the direct program information page on this website for details. This helps me improve the overall accuracy of this website by having program specifics on one page.
Utah Housing Corporation
Learn more about the Utah Housing Corporation down payment assistance solution!
Utah Housing Corporation (UHC) offers non-forgivable options for down payment assistance. I've found Utah Housing Corporation to be the better solution when down payment assistance is required when compared to other solutions. However, there are certain situations where other programs could end up with a lower payment.
As there are multiple factors at play in helping you decide the right solution for you, as always, it is best to speak to me to discuss your options, receive my comparative analysis and loan scenarios based on your home purchase goals.
Scott Buehler is an approved lender for Utah Housing Corporation.
Learn more about the Chenoa Fund down payment assistance solution!
Chenoa Fund offers forgivable (Soft Seconds) and non-forgivable (Repayable Second) options with various pros and cons for each option. Forgivable options trend higher on interest rates but allows your down payment assistance loan to be forgiven after a certain amount of on-time payments.
Scott Buehler is an approved lender for the Chenoa Fund.
Other Options to Consider
Generally speaking, most down payment assistance programs are a more expensive home loan option when it comes to rates and/or loan fees. As always, homebuyers are encouraged to save for a down payment when possible.
There are low down payment options through Conventional home loans and FHA home loans. There are also traditional 100% financing solutions through VA home loans (if eligible) or the USDA rural solution (if the property is in a designated rural area).
Want to discuss your Utah DPA options? I'm happy to discuss your Utah down payment assistance program options with you to help you decide if this is the right direction for your home purchase needs. Submit a question, take my mortgage questionnaire or send a text to my direct cell at (435) 590-1019 to arrange a call today!
I'm looking forward to helping you through the home purchase process with Utah down payment assistance.