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First Time Home Buyer Grants

Hunting for Utah first time home buyer grants to purchase that home? Find the best grants for home buying in Utah and other home mortgage grants available below.

So you want to buy a house in Utah. That is a big decision in any state, but a good one.

I'm sure you're excited but a little apprehensive as well. That is to be expected since this will probably be the biggest purchase you'll ever make. But don't let that overwhelm you.

Before you obtain a grant and apply for a mortgage, you really need to understand how your credit profile looks.

You want to know your credit score and determine if you need credit repair before proceeding.

Unfortunately, without a minimum credit score of 640, you'll not qualify for these low down payment programs. The FHA 203b loan works well with the various grant options. The higher your credit score is the lower your interest rate.

With so many lenders to choose from, you want to be sure and select the right one.

Since it's usually the down payment monies that worry most people. On this page I plan to give you some useful information to help with that.

Looking for home mortgage grants and finding one is so rewarding that it is like having a huge stack of hundreds you saved.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

utah first time home buyer grants

Utah Grants for Home Buying

To begin with, unfortunately, the State of Utah does not offer a Utah first time home buyer grant program for its residents.

But they don't leave their residents without some help. They have a second loan program to help with the down payment and closing costs.

It can be either a 6% or 4% of the original loan amount to be used with the down payment or closing costs depending the loan product. This is not a grant, but a loan to be paid back.

Another program that is very helpful is the "Score Loan" program. It is a program that helps those who don't have a very good credit score.

If you do have a good credit score, consider a "NoMI Loan" program. It is designed for those with a higher credit score. The benefit of this program is the removal of mortgage insurance. That can save you money if your scores are in great shape.

There are various eligibility requirements and limitations that you will have to look into, but it does make it possible to get a house with zero monies down. That's not too bad.

If you want to check out the requirements, visit this website.

Some cities and counties have grant programs for home buying for their residents, so don't hesitate to hunt in the area where you are looking to buy.

Federal Home Mortgage Grants

However, the good news is that the federal government does offer grant assistance for first time home buyers in Utah. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Additional Home Buying Grants

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Whether it is a grant or some type of assistance program, you usually need to find a lender who will work with these. The loan product that is usually the best to work with these is FHA.

Utah First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Utah First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Happy House Hunting!!

Leave Utah First Time Home Buyer Grants and return to First Time Home Buyer Grants State Lists main page.

Go to House Buyer Solutions Home Page.

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