Utah Housing
Utah Housing
Utah Housing Corporation loans allow an eligible homebuyer to borrower all or a portion of their down payment and closing costs. Borrowers are able to purchase a home with FHA, VA or Freddie Mac financing with little or no cash investment through an approved Utah Housing Lender
Utah Housing
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Program Highlights
- Borrowers who are eligible for a Utah Housing first mortgage may be eligible for a second mortgage to cover the down payment and/or closing costs.
- Interest Rates are determined by Utah Housing and update every day.
- The Second Mortgage is a 30-year fixed-rate loan with an interest rate that is 1% higher than the First Mortgage interest rate. 1% higher than the first mortgage, not to exceed 8% but not less than the Utah Housing first mortgage interest rate.
- Credit score requirements of 620 or higher Income and loan amount limits are based on the Utah Housing Loan Program.
