To obtain down payment assistance from Utah Housing you must first qualify for a Utah Housing Corp loan. Scott Buehler, a Utah Housing Corp approved participating lender, will qualify you, determine how much down payment and closing cost assistance you need and help you select an optimal program for the lowest mortgage payment.
You may be able to borrow your entire minimum required down payment plus all or a portion of your closing costs on a UHC 30-year fixed rate second mortgage.
Utah Housing Corporation has helped thousands of Utah families fulfill their dreams of home ownership. Scott Buehler has helped numerous clients with few available funds achieve their homeownership goals utilizing a down payment assistance solution via a Utah Housing Corp loan.
Features of a Utah Housing Corp Loan
- Finance up to 102.5% of the purchase price.
- Flexible qualification guidelines.
- Mortgage insurance for the life of the loan.
- 3 down payment assistance programs available.
- Available for credit scores 620+.
- Assistance through a second mortgage.
- Debt-to-income ratio as high as 54%.
- No pre-payment penalty including 2nd mortgage.
More Details About Utah Housing Corp Loans
Utah Housing Corporation has several first mortgage loan programs to help you purchase a home. When combined with Utah Housing Corporation’s down payment assistance second loan, a homebuyer can purchase a home with little or no cash investment. Scott Buehler, a Utah Housing Corp approved lender, can qualify you for a home loan that is right for you and your needs.
A UHC Approved Participating Lender, including Scott Buehler as your mortgage consultant, is the best resource for questions and to qualify you for your loan. The home can be located anywhere in Utah and includes single family homes, PUD’s, condo’s and manufactured homes in Utah. To be eligible for a down payment assistance program a homebuyer must first qualify for a FHA or Conventional first mortgage loan.
The loan program that is best for you will depend on several factors such as credit score, debt ratios, your income and the purchase price of your home. Utah Housing Corp has mortgage programs with credit scores as low as 620 or higher. Improved mortgage terms and income limits are available for those with credit scores at or above 660.
Guild Mortgage Company is a Participating Lender
Guild Mortgage is a participating lender and Scott Buehler is authorized by Utah Housing Corporation to originate these loans. Please fill out my questionnaire to begin the pre-qualification process.
Your eligibility subject to program requirements, qualifying factors, applicable income and debt-to-income (DTI) restrictions, and property limits. Guild Mortgage is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.
Disclaimer: A pre-qualification is not an approval of credit and does not signify that all underwriting requirements have been met in this program.
Disclaimer: Loan terms and limits subject to change. This page is meant for educational purposes and is not a commitment to lend. To qualify for a home loan, please speak to Scott Buehler or apply online.