Tag: Utah First Home

Although, the Utah rural housing program is technically not a down payment assistance program it is an excellent way to get into a home without a down payment. This program assists low and moderate income households the opportunity to own their own home with 100% financing to those that qualify. It is also called the USDA Guaranteed loan program and a is a Federal program offered through the United State Department of Agriculture. When calculating payments you must include an “annual fee” that is charged monthly, however the annual fee is usually less than most mortgage insurance payments.

Utah Home Grant Qualify

Utah USDA Qualification and Requirements*

  • Be within USDA Set Income Limits
  • Purchase a home in a USDA set geographical area
  • Have minimum credit score of 640
  • 24 month income history
  • Home must be in good repair and fit USDA requirements

*All applicants must show repayment ability, have a reasonable credit history and must meet other program requirements. Not all who apply will qualify

The Utah Housing First Time Buyer Program called FirstHome Loan is a great program for any first time buyer. The Utah housing First Time Buyer Program allows for up to 6% of the first mortgage loan as down payment assistance (DPA). This DPA is in the form of a 30 year fixed rate second loan. The DPA can be used for down payment and/or closing costs for the FHA first mortgage. You must be a first time buyer and be able to qualify for an FHA mortgage.

Utah Home Grant Qualify

Qualification and Requirements:*

  • Must qualify for an FHA loan
  • No Portion of the property may be rented throughout the term of the UHC Loan
  • 6% of the first loan amount is available for DPA
  • Minimum of 660 Fico score
  • No geographical restriction in Utah
  • See below for income and max purchase price

Income and Purchase Price Limits for Utah Housing Loans

Loan Program
(FHA/VA Loan)
Counties Family Size 1-2
Income Limit
Family Size 3+
Income Limit
Purchase Price Limit
FirstHome Beaver, Cache, Carbon, Daggett, Emery, Grand, Millard, Rich, Sevier, Uintah $108,500 $124,750 $510,900
FirstHome Box Elder $109,900 $126,800 $608,500
FirstHome Davis, Morgan, Summit, Wasatch, Weber $132,450 $154,550 $762,950
FirstHome Duchesne, Garfield, Iron, Kane, Piute, San Juan, Sanpete, Wayne $130,200 $151,900 $513,200
FirstHome Juab, Utah $130,800 $152,600 $613,400
FirstHome Salt Lake $113,800 $130,850 $635,600
FirstHome Tooele $113,800 $130,850 $635,600
FirstHome Washington $109,900 $126,800 $608,500