Current Utah Housing programs
FirstHome
Minimum credit score: 660
For first-time buyers, generally with no homeownership in the past 3 years. Exceptions may include some veterans and single parents. Household income and purchase price limits apply and vary by county. Homebuyer education may be required.
FHA/VA Mortgage
Minimum credit score: 620
For repeat buyers or first-time buyers who do not qualify for FirstHome. Follows FHA and VA loan limits. Income limits and other program requirements apply.
Freddie Mac HFA Advantage
Minimum credit score: 680
A conventional loan for first-time or repeat buyers. Mortgage insurance costs depend on the loan and borrower. Income limits apply. Follows conforming loan limits.
Down payment assistance
Utah Housing offers a down payment assistance second loan that can be combined with its first mortgage programs. Assistance may be up to 6% of the first mortgage, subject to a dollar cap set by Utah Housing. It is a loan that must be repaid, not a grant.
A traditional option is repaid monthly over 30 years. A deferred option may also be available with repayment when the home is sold, refinanced or paid off. Terms change, so ask Chandler for current details.
Temporarily suspended programs
UHC currently lists HomeAgain, NoMI, Score as temporarily suspended. Check with Chandler for updates.
Utah First-Time Homebuyer Assistance Program
The Utah First-Time Homebuyer Assistance Program may offer up to $20,000 as a deferred loan for eligible first-time buyers of a newly built home priced at $450,000 or less that has not been inhabited. Income and other requirements apply. Funding can change.
Explore first-time home buyer assistanceWho qualifies?
- Owner-occupied primary residence
- Credit score minimum for the selected program
- Income within the applicable program limits
- Purchase price within FirstHome limits, when applicable
- Homebuyer education when required
Eligibility depends on the current program, your documentation and underwriting review.
How it works with Chandler
1. Quick questions
I ask a short list of questions about your goals and situation.
2. Income docs and estimated credit score
You send income documents and tell me roughly where your credit is. That gets you pre-qualified.
3. Credit pull
Once I have reviewed that information, I pull credit to confirm.
4. Accurate range and pre-approval
I review your real information to give you an accurate price range and a pre-approval. Final approval remains subject to underwriting and property requirements. Chandler also helps identify the Utah Housing program that may fit your situation.
Run your numbers
Utah FAQ
What is a Utah Housing loan?
It is a home loan offered through Utah Housing Corporation and an approved participating lender. UHC programs may be combined with a down payment assistance second loan. Eligibility and terms depend on the program.
Is Chandler Perry an approved Utah Housing lender?
Yes. Chandler Perry with Accordia Mortgage is an approved Utah Housing lender based in Lehi and can help you review current program options.
What credit score do I need for a Utah Housing loan?
The listed minimums are 660 for FirstHome, 620 for FHA/VA Mortgage and 680 for Freddie Mac HFA Advantage. A score alone does not establish eligibility. Income, property and underwriting requirements also apply.
Is Utah Housing down payment assistance a grant?
No. It is a second loan that must be repaid. Assistance may be up to 6% of the first mortgage, subject to a dollar cap set by Utah Housing. Monthly or deferred repayment options depend on current terms.
Can repeat buyers use Utah Housing?
Repeat buyers may qualify for FHA/VA Mortgage or Freddie Mac HFA Advantage. FirstHome generally requires no ownership in the past 3 years, with certain exceptions. Eligibility depends on the program and your situation.
What are the Utah Housing income limits?
They vary by county and household size and change periodically. Review the current limits on the official Utah Housing Corporation site at https://utahhousingcorp.org and ask Chandler which limits apply to your household.
Official Utah Housing Corporation siteProgram details from Utah Housing Corporation and subject to change. Not a commitment to lend. Utah Housing Corporation