The Utah based Chenoa fund homebuyer program offers a forgivable soft second grant option. The Chenoa Fund forgivable soft second grant program also allows for 3.5% or 5% of the purchase price to be used towards your down payment on an FHA first mortgage loan. The forgivable soft second will be treated and recorded as a second mortgage with no interest or monthly payments. If you keep your home and make on time payments for a minimum of three years the Soft Second will be forgiven. Qualification & Highlights:* Purchase loans only Must qualify for an FHA loan 3.5% of
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The Utah Housing HomeAgain Loan can be used by first time homebuyers or buyers that have previously owned a home. It allows for 2+ units as long as one is owner occupied. It is a great mortgage for anyone who does not have or does not want to put an initial down payment on a home. The DPA portion allows for up to 6% of the FHA first mortgage loan in the form of a fixed rate second lien to go towards down payment and/or closing costs. Qualification and Requirements:* Must qualify for an FHA loan Minimum of 660 mid
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The Utah Housing First Time Buyer Program called FirstHome Loan is a great program for any first time buyer. The Utah housing First Time Buyer Program allows for up to 6% of the first mortgage loan as down payment assistance (DPA). This DPA is in the form of a 30 year fixed rate second loan. The DPA can be used for down payment and/or closing costs for the FHA first mortgage. You must be a first time buyer and be able to qualify for an FHA mortgage. Qualification and Requirements:* Must qualify for an FHA loan No Portion of the
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Categories: State Wide Programs and Utah Housing.Tags: down payment assistance, First Home DPA, First Home Grant, FirstHome, Grant Funds, Grant Money, Salt Lake City Home buying, utah DPA, Utah First Home, Utah first time buyer grants, Utah first time buyers program, utah first time buyers programs, and Zero down payment.
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