First-Time Homebuyer Programs in Utah

If you're a first time homebuyer in Utah, there are several programs available to help you with your purchase. Often times, first-time homebuyers don't have the funds to put 20% down on a home...which is completely fine! There are conventional loans that require as little as 3%, 5%, or 10% down. There are also FHA loan options that allow a lower credit score and only require 3.5% down.

While the programs below are very helpful to some first-time homebuyers, they may not be the best fit for everyone. I can connect you with an amazing lender who can talk with you about your situation and find the best lending option for you...just give me a call!

Here's an overview of some of the most popular first time homebuyer programs in Utah:

1. The Utah Housing Corporation offers a variety of programs to help first time homebuyers with down payments and closing costs. If cash is an issue, there are second loan down payment assistance programs for first-time homebuyers...there are also grants for veterans and law enforcement.

2. The Fannie Mae HomeReady program offers first time homebuyers a low 3% down option and allows for multiple forms of down payment assistance.

3. The Freddie Mac Home Possible program is a flexible loan program requiring only 3% down, where the down payment can come from a few different sources.

4. The USDA Rural Development program offers first time homebuyers up to 100% financing for purchase of a home in a rural area.

5. The VA Home Loan program offers first time homebuyers up to 100% financing for purchase of a home.

6. The American Dream Grant provided by the Salt Lake Board of Realtors can help with some of the costs of purchasing your first home. This grant is for first-time homebuyers, first responders, school district employees, single parents, veterans/military personnel, and more.

Each of these programs has different eligibility requirements, so be sure to check with the respective agency for more information. But if you're a first time homebuyer in Utah, there's likely a program that can help you with your purchase.

Find Your Utah Home with Angie Clarke and UT Makes Moves / Keller Williams Realty

If you are looking for the right Utah home, then give Angie Clarke with UT Makes Moves a call. I aim to offer an exceptional relocation experience and unparalleled customer service through prompt communication, ethics and integrity, and the utmost care / concern for my clients!

Angie Clarke with UT Makes Moves is your local Salt Lake City home expert, specializing in working with buyers who are relocating to Utah. Whether you are buying or selling, I'd love the opportunity to make your relocation journey smooth and successful...I strive to provide Relocation Elevated: easing minds, building community, and finding home.

To get started on finding the ideal Utah home for you, take a look at my buyer's or seller's guides, or schedule a time to meet with me today. You can also contact me at angelaclarke@kw.com or call (904) 226-3894. I'd love to be your Salt Lake City Realtor.