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.
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 |
