Tag: homebuyer help

The Utah based Chenoa Fund home buyer program offers a Repayable Second mortgage for anyone who qualifies and is over the income limits for the area. Saving money can be hard even if you are making above the median income, however you can still get help with your down payment. The Chenoa fund program will help you with a repayable second mortgage of 3.5% of the purchase price to help with the down payment of your FHA loan. This home buyer program will require the homebuyer to make payments and payoff the amount borrowed for the down payment. Only when the assistance is paid in full will the lien be removed from title.

Utah Home Grant Qualify

  • Purchase loans only
  • Must qualify for an FHA loan
  • 3.5% of purchase price available for down payment
  • May be used anywhere in Utah
  • No maximum income limits
  • Owner occupied only
  • 1-2 Unit property (additional restrictions apply)
  • Min Fico Score 600


Chenoa Fund Programs
Forgivable Soft Second
Repayable Second