Utah Down Payment Assistance, Subordinate Loan

Utah Housing Corporation offers Down Payment Assistance, "Subordinate Loan" to home buyers in Utah: up to 6% of the home loan, at most $27,500, as a repayable loan.

Amount: Up to 6% of the home loan, at most $27,500
Kind of help: Repayable loan
First-time buyers only: No

How is Utah Down Payment Assistance, Subordinate Loan paid back?

Repayable loan: 30-year second mortgage with a monthly payment, at a fixed rate 1% above your main home loan's rate (8% at most).

A repayable loan is a small second mortgage you pay off each month, usually in the same payment as your main home loan.

Who qualifies for Utah Down Payment Assistance, Subordinate Loan?

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 Down Payment Assistance, Subordinate Loan

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 Down Payment Assistance, "Subordinate Loan".

Ask a lender about Utah Down Payment Assistance, Subordinate Loan

Tell us where you're buying and a lender that works with Utah's programs can tell you whether Utah Down Payment Assistance, Subordinate Loan fits you, and what you could combine with it.

Call 866-602-7460

Rather not call? Send your details and the lender will reach you.

Other first-time buyer programs in Utah

Utah Deferred Down Payment Assistance: up to 3.5% of the home loan, at most $27,500, deferred 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