Utah Housing

What is a Utah Housing Loan?

Don't have money for a down payment? Utah Housing is one of the few loan programs left to offer programs for no money down. If you're looking to purchase a home in Utah and you have a credit score above 620 Utah Housing may be the perfect loan for you. They'll help you with coming up with some of if not all of the money needed for a a down payment.
 

What are the Utah Housing Loan requirements?

  • Two credit scores above a 620 Household income cannot exceed the chart listed below.
  • The borrower must meet standard FHA credit qualifications.
  • The borrower is eligible for approximately 96.5% financing and is able to finance the upfront mortgage insurance premium into the mortgage. The borrower will also be responsible for paying an annual premium.
  • A second mortgage can be used to cover some of, if not all of the down payment required for closing.
  • Eligible properties are one-unit structures. (No income Properties)


Click here for Other Down Payment Options in Utah!!


FHA Limits by FHA.com

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Mark Moyes (NMLS# 267431)

Phone: 801-999-0886 | Fax: 888-835-4067
7730 South Union Park Ave Ste 200,
Midvale, Utah 84047
Veritas Funding (Corporate NMLS# 252108)
www.nmlsconsumeraccess.org

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