Utah Housing Loan

utah housing 300x200 Utah Housing Loan

loan utahhousing Utah Housing LoanUtah Housing Loan

 


Loan terms: 30 year loans
Interest rate types: Fixed
Loan types: Purchase
Property type: Primary Residence

This is a government insured and state sponsored loan for first time home buyers. It allows buyers to obtain financing through a first and second mortgage that equal 100 percent of the purchase price. This eliminates the need for the borrower to contribute a down payment. Closing costs can be financed into the loan. The Utah housing loan is a great option for first time home buyers that have very limited funds for a down payment.

  • Available for first time home buyers in the state of Utah only
  • No down payment required
  • Down payment and closing costs can be financed into the loan
  • Requires up-front MI premium & monthly mortgage insurance
  • Annual income limits range from $64,000 – $95,500 (limits vary by county – click here for details)
  • MI can be cancelled after 5 years and loan-to-value of 78%
  • Maximum purchase price varies by county (click here for details)
  • Property must always be owner occupied, cannot be rented

Click here to apply for a Utah Housing loan