Utah Deferred Down Payment Assistance
Utah Housing Corporation offers Deferred Down Payment Assistance to home buyers in Utah: up to 3.5% of the home loan, at most $27,500, as a deferred loan.
- Amount
- Up to 3.5% of the home loan, at most $27,500
- Kind of help
- Deferred loan
- First-time buyers only
- No
How is Utah Deferred Down Payment Assistance paid back?
Deferred loan: 30-year loan at 3.5% simple interest with no monthly payment. You repay the loan and its interest when it ends, or sooner if you sell or refinance.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Utah Deferred Down Payment Assistance?
- You don't have to be a first-time buyer.
- It comes with a Utah Housing Corp first mortgage home loan.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Utah Deferred Down Payment Assistance
- Utah Housing Corporation pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Utah Housing Corporation's page for Deferred Down Payment Assistance.
Ask a lender about Utah Deferred Down Payment Assistance
Tell us where you're buying and a lender that works with Utah's programs can tell you whether Utah Deferred Down Payment Assistance fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Utah
- Utah Down Payment Assistance, Subordinate Loan: up to 6% of the home loan, at most $27,500, repayable loan.
- Utah First-time Homebuyers Assistance Program (New Construction): up to $20,000, repayable loan.
- Utah First-time Homebuyer Law Enforcement Officer Assistance Program: up to $25,000, grant.
- Utah Homebuyer Veteran Grant: up to $2,500, grant.
All Utah first-time home buyer programs · Down payment assistance in every state