Utah Home Buyer grants assist home buyers with down payment assistance and reduction in loan principal. Often Utah grants can help buyers, who have not owned inthe last 3 years, purchase a home with no money down.
These grants programs are sponsored by local cities and counties to attract home buyers into their area. Cities and counties want more people living in their municipality because it supports their revenue from utilities, merchant services and property taxes. Often these municipality ask that you live in the area for a minimum of five years, otherwise if you sell earlier just prorate back a portion of the grant through the sell.
Several cities and counties have home grant programs available, although they do not always have funds available and may need to wait to be refunded.
These home grants help us the most by providing a zero down mortgage program:
Example: A buyer…
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