Home Buyer Grants and No-Down Payment Programs For Utah County

Click on any program to apply or click on Apply Now 

Utah County Down Payment Assistance Program

Utah County provides up to 20% of the purchase price up to a maximum of $40,000.

Details for the Settlers Fund:

  • May be used for home purchase anywhere in Utah County (except Eagle Mountain, Alpine, Woodland Hills and Elk Ridge).

  • Must be an owner occupied home

  • Home must be a single family home, town home or condo

  • Must have a minimum of $1,000 of your own money for a down payment.

  • Household income cannot exceed the income limit for your family size. That amount can vary depending upon how many people live in your home. Contact us for more information.

  • Funds from this program will have to be repaid once the home is sold or you move out.  It's a 0%  interest rate and no monthly payments are required, so you only repay the amount of the assistance that was originally provided. 
     

Venture DPA with NO Mortgage Insurance

Provides a combination of a conventional mortgage with a small second lien to finance the down payment.

  • The first mortgage finances 97% of the purchase price.

  • The 2nd lien is paid over 30 years at the same interest rate as the first mortgage.

  • No mortgage insurance is required.

  • You do NOT need to be a first time buyer.

  • Income limits apply (contact us for more info).

Settlers Fund Grant Money For Utah County

Settlers Fund provides 3.5% of the purchase price of the home.  After 36 on-time payments the entire grant never needs repaid.

Details for the Settlers Fund:

  • May be used for home purchase anywhere in Utah County.

  • Must be an owner occupied home

  • Home must be a single family home, town home or condo

  • Cannot be a Manufactured home

Rural No-Money Down

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". In Utah County, anything west of the Jordan river such as Saratoga Springs and Eagle Mountain qualify.  Also as you go south, anything south of Spanish Fork qualifies.  Call me and I can verify areas for you.

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.

First Time Buyer Program

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:

  • 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.

  • Most homes will qualify. You can buy a home up to $450,200. 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.

  • Income limits. If your income is too high, then you cannot use this program. Income limits are $99,300 for 1 or 2 people in the home or $115,900 for more than 3 or more people in the home.

  • Must have a 660 or better credit score.

  • No Home Ownership in the past 3 years.

          
Exception for Single parents:
  If you are a single parent, no previous home ownership restriction applies.  

Home Again
Similar to the First Time Buyer program, the Home Again 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.

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 1.5% 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?

  • Income limits. If your income is too high, then you cannot use this program. Income limits are $107,200

  • Must have a 660 or better credit score.

  • You do NOT need to be a first time home buyer!

  • Most homes will qualify. You can buy a home up to $476,700. They 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.

Score Program
Similar to the Home Again program, the Score program is for those have a score lower than 660.

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 1/2% of closing costs
can be financed using a second loan. Though it's possible to buy a home with no-money down using the score program, some down payment may be needed.

What are the restrictions?

  • Income limits. If your income is too high, then you cannot use this program. Income limits are $82,500.

  • Must have a 620 or better credit score.

  • You do NOT need to be a first time home buyer.

  • Most homes will qualify. You can buy a home up to $365,200. They 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.

VA 

This no money down program is specifically for those that are serving or have served in the military.

Details of the VA program:

  • To qualify you must have served in the Army, Navy, Air Force, Marines, Coast Guard, National Guard or Public Health Service Actively

  • Served 90 Days Minimum or 181 Days During Peacetime Honorable Discharge General Discharge (under honorable conditions) 

  • Plan to use home for your Primary Residence

  • A spouse, widow or widower of one of the above may also qualify.

  • You do NOT need to be a first time home buyer!