The Utah Housing Score Loan is Utah mortgage loan program for borrowers who do not meet the minimum Fico requirement of the FirstHome or HomeAgain loan. For the Score Loan Utah Housing Corporation has set a 620 mid score for the minimum fico score. You still must be able to qualify and meet all the requirements for an FHA backed mortgage. The DPA portion allows for up to 4% of the FHA first mortgage loan in the form of a fixed rate second lien and can go towards down payment and/or closing costs. The property must be owner occupied and throughout the term of the UHC loan no portion of the property may be rented.

Utah Home Grant Qualify

Qualification and Requirements:*

  • Must qualify for an FHA loan
  • Minimum of 620 mid Fico score
  • Purchase loans only
  • 4% of the first loan amount is available for DPA
  • May be used anywhere in Utah
  • Must follow maximum income limits
  • Debt ratio will be limited to a maximum of 45%
  • Homebuyer Education required within 90 days of closing
  • Maximum income limit is $95,800
  • No maximum purchase price