UHC Down Payment Assistance
Financial Assistance for Homebuyers in Utah
The type of home loan borrowers use to finance their home purchase determines the minimum down payment required by the lenders.
- The standard minimum for an FHA loan is 3.5 percent down payment.
- Veterans with full VA eligibility may be able to finance 100 percent of the purchase price.
- Fannie Mae requires that the buyer puts down at least 3 percent on the home.
The following loan offices produce the most Utah Housing loans:
- Academy Mortgage Corporation
- Citywide Home Loans
- Security National Mortgage Company
- Veritas Funding, LLC
- Guild Mortgage Company
Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
Down Payment Grants in Utah
CDCU Down Payment Assistance
Community Development Corporation of Utah programs provide income-eligible, first-time homebuyers with funds to for down payment requirements and/or closing costs associated with a first mortgage, in order to help these individuals purchase homes.
UHC Down Payment Assistance
Utah Housing Corporation (UHC) offers borrowers the option of getting a second mortgage in order to finance some or all of their down payment and closing costs. This Down Payment Assistance is to be used in conjunction with an FHA, VA, or Fannie Mae home loan from a UHC participating lender.
West Valley City Down Payment Assistance Grant
West Valley City’s Down Payment Assistance Grant provides eligible homebuyers with $5,000 in the form of a grant. These funds help low- to moderate-income families achieve their dreams of homeownership within the city limits.
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