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Utah Housing Traditional Down Payment Assistance

By Tyler Thompson · Licensed Real Estate Agent

Administered by:

Utah Housing Corporation (UHC)

· State · Repayable Loan

Funding status: Active

How much assistance

Up to 6% of the first mortgage loan amount, not to exceed $27,500

30-year fixed-rate amortizing second with a monthly payment. Rate is 1% above the first mortgage rate, capped at 8% and never below the first mortgage rate.

Eligibility

Income limits: Set by the paired UHC first mortgage. FHA/VA and Freddie Mac HFA Advantage: $165,200 in all counties. FirstHome: by county, for example Salt Lake $126,100 (1-2 people) and $145,000 (3+).
First-time buyer required: No
Credit score minimum: 620
Geographic restrictions: Statewide Utah. Must first qualify for a Utah Housing first mortgage through a participating lender.
Homebuyer education required: Yes