One major concern for people when it comes to buying a home is whether or not they will have enough money for a down payment. The good news is that there are many different ways to get help with your down payment if you are unable to come up with the money on your own. One of those ways is through Utah Housing loans. Utah Housing loan programs implement a second, subordinate loan to cover the cost of your down payment so that you can get into a home with no money down! The second loan monthly payments are combined into the total monthly payment for your home loan so you just have one monthly payment. This is a great option for anyone looking to get into a home, but can’t afford the minimum required down payment that comes with most loan programs.
Below is a breakdown of income limits and purchase price limits to help you see if a Utah Housing Loan is right for you.