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Utah Housing

What Should I Know About The Utah Housing Program?

Utah Housing was established by the Utah Legislature in 1975 to provide decent, safe, and sanitary housing for low and moderate income families of the state.

Utah Housing

Getting Started

There are 4 loan options within Utah Housing:

  • First Home Loan
  • Home Again Loan
  • Score Loan
  • NoMI Loan (No Mortgage Insurance)

Utah Housing helps eligible borrowers who do not have enough money to pay for a down payment and closing costs when purchasing a home. The average amount a home buyer must save for a down payment is between 3– 3.5% of the home purchase amount – ($6,000 - $7,000 for a $200,000 home). This enables you to obtain 100% financing, which means that you are financing 100% of the price of the home.

How can you qualify for Utah Housing? The following are important things to know when applying for Utah Housing:

- Your total gross household income must fall within the income limit restrictions. These limits vary by county so please call us at (801) 597-9274, and we can give you the income limits for your county.

- You must occupy the home as your principal residence.

- The minimum credit score requirement is 620, and you must be able to qualify for FHA or Conventional financing. We run this through an Automated Underwriting System for approval.

- Non-occupant co-signors are allowed (First Home Loan only).

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