Staples Group Mortgage | St. George, Utah

Utah Housing Loans

Utah Housing Loans

A Utah Housing Loan is a no money, ZERO down loan program that gives buyers the flexibility they need to help with their down payment and closing costs. Utah Homes Corporation (UHC) was established in 1975 by Utah legislation to serve the public purpose of providing an adequate supply of money with which to provide mortgage loans at reasonable interest rates to help provide affordable housing for low and moderate income people.

Mortgage loans are available through UHC Loan Programs to qualifying first-time homebuyers and those who have previously owned a home. UHC assists homebuyers who lack the necessary cash to purchase a home through down payment and closing cost assistance. If you’re having trouble coming up with enough cash at closing, the Utah Housing Down Payment Assistance Second Mortgage can help. Qualified borrowers can purchase a property with little or no capital outlay when paired with a first mortgage.

Why Choose a Utah Housing Loan?

  • Your total gross household income must fall within the income limit restrictions. These limits vary by county so please call 435.216.3081 to find out if you qualify
  • Your credit history must indicate that you pay your bills on time
  • You must have at least a 620 credit score
  • You must be able to qualify for government (FHA) or conventional financing
  • You must live in the home – can’t purchase as a rental
  • Non-occupant co-signers are allowed (First Home Loan only)
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