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

Click on any program to apply or click on Apply Now

Home Plus Utah County Payment Assistance Program Home Purchase Plus

You can get up to to $40,000 to help with buying a home anywhere in Utah County (Almost*) Home Purchase Plus

Details for the Utah County Grant program:

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. If you sell in the first 2 years, there is a $5,000 prepayment penalty

* Excluding Eagle Mountain, Fairfield, Woodland Hills, Highland and Provo cities.

Own In Provo Down Payment Assistance Program Loan to Own

You can get up to to $60,000 to help with buying a home in Provo, Utah.

Details for the Provo Grant program:

May be used for home purchase in Provo.
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 but is far more lenient than the Home Now Program. You can still make 6 figures and qualify. That amount can vary depending upon how many people live in your home. Contact us for more information.
Forgiveable period from 5 to 15 years at 50% of the grant based on how much of a grant you get.
Funds from this program will have to be repaid once the home is sold or you move out ~ unless you stay in the home long enough to obtain a 5% forgiveness (from 5 to 15 years). Tis is a 0% interest rate and no monthly payments are required, so you only repay the amount of the assistance that was originally provided. If you sell in the first 2 years, there is a $5,000 prepayment penalty

Settlers Fund Home Grant Money For Utah County

Settlers Fund provides up to 3.5% of the purchase price of the home.

3.5% of the purchase price will be provided with no payments and zero interest. After 36 on-time payments on the mortgage the entire grant never needs repaid.

Details for the Settlers Fund Home:

May be used for home purchase anywhere in Utah County.
Must be an owner occupied home
Home must be a 1 or 2 unit SFR, PUD, townhome, approved condo, manufactured home.
600 Minimum Credit Score
No income restrictions

Settlers Fund PLUS Grant Money For Utah County

Settlers Fund provides 5% of the purchase price of the home.

5% of the purchase price will be provided. Fund require a monthly payment to be repaid over 10 years.

Details for the Settlers Fund Plus:

May be used for home purchase anywhere in Utah County.
Must be an owner occupied home
Home must be a 1 or 2 unit SFR, PUD, townhome, approved condo, manufactured home.
600 Minimum Credit Score
No income restrictions

Borrow Smart Grant for Utah County

Borrower smart grants of up to $2,500

Can not have owned a home in the last 3 years.
1-unit principal residence only
Can be 1 - 4 units, condo, PUD or manufactured home (not a mobile home)
Home-ownership education program required for first-time home-buyers (contact us for details)
Can be stacked with other grant programs

Home Empowered Utah County Grant

Provides up to 3.5% of the purchase price of the home. This is a true grant that never needs repaid.

Details of the Home Empowered Grant:

May be used for home purchase anywhere in Utah County.
Must be an owner occupied home (no second homes or investment properties)
Home must be a single family home, town home, condo or a duplex
Manufactured homes on your own land are ok (No mobile homes in a park)

To qualify for the Home Empowered Grant, you must fit into at least ONE of the following (not all of them, just one):

1 - First Time Home Buyer (cannot have owned a home in the past 3 year)

2 - Single Parent

3 - Currently working, retired, or a volunteer for ONE of the following:

First responder (police officer, firefighter, public safety officer, paramedic, emergency medical technician (EMT) or similar.
Educator (Teacher, Sunday school teacher, tutor, day care provider)
Medical personnel (nurse, doctor, X-Ray technician, hospital administrator, or similar)
Civil servant in a Federal, state or local municipality

4 - Be at 140% of the AMI income index (I'll help you with this)

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, except Saratoga Springs and Eagle Mountain, qualify (these two cites were recently removed from eligibility. 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.

Utah Housing 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 $619,450. 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 $121,200 for 1 or 2 people in the home or $141,400 for more than 3 or more people in the home.
Must have a 660 or better credit score.
Cannot have owned a home the past 3 years.

Exception for Single parents or displaced homemaker:

If you are a single parent or displaced homemaker, no previous home ownership restriction applies.

Utah Housing FHA Zero Down

Utah Housing 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.

Details for the FHA Zero Down:

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?

Income limits. If your income is too high, then you cannot use this program. Income limits are $141,400
Must have a 620 or better credit score.
You do NOT need to be a first time home buyer!
Purchase price is only limited by FHA's loan limit of $601,450 for a single family home and $769,950 for a duplex.
Homes can be a single family, twin, manufactured PUD, condo or a duplex. Some restrictions apply for the manufactured, PUD and condo's so just call me before making the offer.

Conventional Zero Down

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?

Income limits. If your income is too high, then you cannot use this program. Income limit is $141,400
Must have a 700 or better credit score.
You do NOT need to be a first time home buyer!
Purchase price limit is $726,200.
Homes can be a single family, twin, PUD or condo. Manufactured housing is not allowed on this program.

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!