Home Buyer Grants and No-Down Payment Programs for Iron County (Brian Head, Cedar City, Kanarraville, New Castle, Parowan)

Click on any program to apply or select "Apply Now". No first time home buyer requirement. 3% Grant for down payment up to $15,000. 80% AMI. Silent 2nd that is repayed when you refinance or sale. No payments and no interest due. Min FICO of 620.

Overview: Provides 3.5% of the home purchase price. Repayment: None required after 36 on-time payments.

Eligibility:

• Available for purchases anywhere in Iron County.
• Applicable to owner-occupied single-family homes, townhomes, or condos.
• Manufactured homes are not eligible.

Grant Amount: Up to $2,500.

Eligibility:

• First-time homebuyers who haven't owned a home in the last 3 years.
• Applicable to 1-4 unit properties, including condos and PUDs, but excluding mobile homes.
• Requires completion of a homeownership education program.
• Can be combined with other grant programs.

Grant Benefits: Offers up to 3.5% of the purchase price. Repayment: This grant does not require repayment.

Eligibility:

• Must be used for properties in Iron County.
• Owner-occupied homes only (excluding second homes or investment properties).
• Includes single-family homes, townhomes, condos, or duplexes.
• Manufactured homes on owned land are acceptable.
• Qualification Criteria: Eligible applicants include:
• First-time homebuyers.
• Single parents.
• Individuals who are currently employed, retired, or volunteers in essential services such as first responders, educators, medical personnel, or civil servants.
• Those earning up to 140% of the AMI.

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

Eligibility:

• Must be a Chickasaw Nation citizen.
• Included on the loan application and approved for a home loan.
• Only for primary residences; no investment properties.
• Non-cash-out refinancing only.

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

Eligibility: Covers the entire county of Iron, with liberal income limitations based on household size.

Benefits: No money down required; up to 3.5% down payment and 2.5% closing costs can be financed through a secondary loan.

Eligibility:

• Not owned a home in the last 3 years.
• Income and credit score requirements must be met.

Benefits: Includes financing for the down payment and closing costs without upfront payment.

Eligibility: Income and credit score thresholds apply. Not limited to first-time homebuyers.

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

Eligibility: Income must not exceed specified limits. Credit score must be 700 or higher.

Benefits: No down payment required for U.S. military service members, veterans, and eligible dependents.

Eligibility: Served the required minimum days in the military with honorable conditions. Must use the home as the primary residence.

Assistance Provided: Up to 3.5% of the purchase price for 1-2 unit properties.

Program Options:

• Grant/Gift: Immediate financial aid that doesn’t require repayment.
• Forgivable Second: A second mortgage that can be forgiven under certain conditions.
• Repayable Second: A flexible repayment plan that does not have income restrictions.

Down Payment Assistance: Offers between 4%-6% of the purchase price to facilitate your home purchase.

Program Selections:

• FirstHome: Specifically designed for first-time homebuyers.
• HomeAgain: Aimed at buyers re-entering the housing market.
• Score: Focuses on assisting buyers with unique credit histories.
• NoMI: Reduces mortgage insurance premiums to lower monthly payments.

Financing Advantage: Offers 100% financing, making it an exceptional choice for purchasing a home in rural areas of the county.

Availability: Widely accessible to most residents within the county.