Home Buyer Grants and No-Down Payment Programs for Cache County (Logan, Hyrum, Smithfield, Wellsville)

• No first time home buyer requirement.
• 3% Grant for down payment up to $15,000.
• 80% AMI.
• Silent 2nd that is repaid when you refinance or sell.
• No payments and no interest due.
• Min FICO of 620.

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Grant Amount: $2,000 if approved before making an offer; $1,600 if approved after.

Requirements:

• First-time homeowners within the last 3 years.
• $500 personal contribution required.
• Must complete a housing counseling program (details available upon request).
• Income limits based on household size.
• Property must be located in Cache County.

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Potential Grant: Up to $7,500, combining a $5,000 base grant with up to $2,500 in matching funds.

Requirements:

• No previous home ownership in the last 3 years.
• Property must be located within Logan city limits and be a single-family home (excludes condos, townhomes, duplexes, and new construction).
• $500 personal contribution required.
• Must meet household income limits.
• The grant is 100% forgivable after 10 years and transferable under certain conditions.

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Grant Amount: Up to $2,500.

Requirements:

• Must be a first-time homebuyer.
• Applies to 1-4 unit properties, including condos, PUDs, and manufactured homes (excluding mobile homes).
• Must complete a home-ownership education program.
• Can be combined with other grants.

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Grant Benefits: 3.5% of the home purchase price.

Repayment: None required after 36 on-time payments.

Eligibility:

• Must be an owner-occupied residence in Cache County.
• Eligible properties include single-family homes, townhomes, or condos.
• Manufactured homes are not eligible.

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Grant Benefits: 3.5% of the purchase price.

Repayment: None required.

Eligibility:

• Property must be in Cache County and owner-occupied.
• Applies to single-family homes, townhomes, condos, or duplexes.
• Manufactured homes on owned land are eligible.
• Eligibility extends to first-time buyers, single parents, essential workers, or those earning up to 140% of the AMI.

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Grant Amount: Up to $3,000 for down payment or closing costs.

Requirements:

• Must be a Chickasaw Nation citizen and on the loan application.
• Approved for a home loan; for primary residences only.
• Cannot own investment property or undertake cash-out refinancing.

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Benefits: 100% financing for homes in designated rural areas.

Eligibility:

• The entire county of Cache qualifies.
• Income limits vary by household size but are generally liberal.

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Benefits: Potential for no money down through secondary loans covering up to 3.5% down payment and 2.5% of closing costs.

Eligibility:

• Available if you haven’t owned a home in the last 3 years.
• Income and credit score requirements apply.
• Various property types eligible, some restrictions may apply.

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Benefits: No money down with secondary loans available to cover down payment and closing costs.

Eligibility:

• Not limited to first-time homebuyers.
• Income and credit score limits apply.
• Applies to single-family homes, twins, manufactured PUDs, condos, or duplexes.

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Benefits: Financing includes a 3% down payment and up to 3% closing costs through secondary loans.

Eligibility:

• Income and credit score requirements.
• Not limited to first-time homebuyers.
• Property restrictions apply.

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Benefits: No down payment required for veterans or their eligible dependents.

Eligibility:

• Service and discharge conditions apply.
• Must be used for a primary residence.
• Spouses, widows, and widowers of eligible service members may also qualify.

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Overview: Offers up to 3.5% of the purchase price for 1-2 unit properties.

Program Options:

• Grant/Gift: Immediate financial assistance.
• Forgivable Second: Loan forgiveness conditions apply.
• Repayable Second: Flexible repayment options with no income restrictions.

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Assistance Range: Provides 4%-6% of the purchase price for down payment assistance.

Program Choices:

• FirstHome: Tailored for first-time buyers.
• HomeAgain: Designed for returning homeowners.
• Score: Focuses on applicants with unique credit histories.
• NoMI: Offers reduced mortgage insurance premiums.

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Benefits: Delivers 100% financing, making it an exceptional opportunity for eligible residents.

Availability: Extensively available across the county, designed to promote rural homeownership.

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