Home Buyer Grants and No-Down Payment Programs For Carbon County
Click on any program to apply or click on Apply Now
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Settlers Fund Grant Money For Carbon County
Settlers Fund provides 3.5% of the purchase price of the home. After 36 on-time payments the entire grant never needs repaid.
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Details for the Settlers Fund:
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May be used for home purchase anywhere in Carbon County.
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Must be an owner occupied home
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Home must be a single family home, town home or condo
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Cannot be a Manufactured home
Borrow Smart Grant for Carbon County
Borrower smart grants of up to $2,500
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Can not have owned a home in the last 3 years.
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1-unit principal residence only
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Can be 1 - 4 units, condo, PUD or manufactured home (not a mobile home)
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Home-ownership education program required for first-time home-buyers (contact us for details)
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Can be stacked with other grant programs
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Chickasaw Grant Money For Carbon County
This program offers a one-time grant of up to $3,000 to help with the down payment and/or closing costs to purchase or rate/term refinance a primary residence.
Required documentation must be sent to the Housing Counseling and Loan Services Department prior to closing being scheduled.
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ELIGIBILITY
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Must be a citizen of the Chickasaw Nation
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Must be on the loan application
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Must be approved for home loan
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Primary residences only
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Cannot own an investment property
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If refinancing, loan cannot be a cash-out
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Rural Home Loans provide home financing with no-money down required. To use this program the home must be located in an areas that has been designated as "rural". The entire county of Carbon qualifies for the USDA Rural Housing program.
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Details for the Rural program:
Rural Housing imposes income limitations to qualify for this program but are based on the amount of people in the home.
Income limitations are fairly liberal so most people will likely qualify.
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Buying your first home in Utah? The First Time Buyer is a great financing option. If you have owned a home in the last 3 years you can again qualify as a first time buyer.
Details for the First Time Buyer program:
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No money down. Technically this program requires a 3.5% down payment. However, that 3.5% down as well as up to 2.5% of closing costs can be financed using a second loan. This means you can get into a home with no money down.
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Most homes will qualify. You can buy a home up to $349,500. They can be a single family, twin, manufactured PUD or condo. Some restrictions apply for the manufactured, PUD and condo's, so just call us before making the offer.
What are the restrictions? There are several restrictions using the First Time Home Buyer program.
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Income limits. If your income is too high, then you cannot use this program. Income limits are $95,800 for 1 or 2 people in the home or $110,100 for more than 3 or more people in the home.
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Must have a 660 or better credit score.
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Cannot have owned a home the past 3 years.
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Utah FHA Zero down is for those that have owned a home in the last 3 years or make to much money to qualify for the first time buyer program.
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Details for the Home Again program:
No money down. Technically this program requires a 3.5% down payment. However, that 3.5% down as well as up to 2.5% of closing costs
can be financed using a second loan. This means you can get into a home with no money down.
What are the restrictions?
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Income limits. If your income is too high, then you cannot use this program. Income limits are $134,100
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Must have a 620 or better credit score.
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You do NOT need to be a first time home buyer!
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Purchase price is only limited by FHA's loan limit.
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Homes can be a single family, twin, manufactured PUD or condo. Some restrictions apply for the manufactured, PUD and condo's so just call me before making the offer.
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Details for the Utah Conventional Zero program:
No money down. Technically this program requires a 3% down payment. However, that 3% down as well as up to 3% of closing costs
can be financed using a second loan. This means you can get into a home with no money down.
What are the restrictions?
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Income limits. If your income is too high, then you cannot use this program. Income limit is $134,100
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Must have a 700 or better credit score.
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You do NOT need to be a first time home buyer!
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There is not Purchase price limit other than conventional loan limits.
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Homes can be a single family, twin, PUD or condo. Manufactured housing is not allowed on this program.
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This no money down program is specifically for those that are serving or have served in the military.
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Details of the VA program:
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To qualify you must have served in the Army, Navy, Air Force, Marines, Coast Guard, National Guard or Public Health Service Actively
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Served 90 Days Minimum or 181 Days During Peacetime Honorable Discharge General Discharge (under honorable conditions)
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Plan to use home for your Primary Residence
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A spouse, widow or widower of one of the above may also qualify.
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You do NOT need to be a first time home buyer!
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