Home Buyer Grants and No-Down Payment Programs for Juab County (Jericho, Mona, Nephi)

To apply for any program or for more details, click on '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.

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Grant Amount: Offers 3.5% of the home purchase price. Repayment: None required after 36 on-time mortgage payments.

Eligibility:

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

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Grant Amount: Up to $2,500.

Eligibility:

• No prior homeownership within the last 3 years.
• Suitable for 1-4 unit properties, including condos, PUDs, and manufactured homes (excluding mobile homes).
• A homeownership education program is mandatory for first-time buyers.
• Grants can be combined with other programs.

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Grant Amount: Provides up to 3.5% of the home purchase price. Repayment: This grant does not require repayment.

Eligibility:

• Must be used for a purchase within Juab County.
• Only for owner-occupied properties (excluding second homes or investment properties).
• Includes single-family homes, townhomes, condos, duplexes, and manufactured homes on owned land.
• Qualification Criteria: Eligible for one of the following groups:
• First-time home buyers.
• Single parents.
• Individuals employed in, retired from, or volunteering in essential services (such as first responders, educators, or medical personnel).
• Residents earning up to 140% of the AMI.

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

Eligibility:

• Must be a Chickasaw Nation citizen.
• Included on the loan application and approved for a home loan.
• Intended for primary residences without the option for investment properties or cash-out refinancing.

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

Eligibility: The entire county of Juab qualifies; income limits are generous to accommodate most income levels.

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Benefits: No down payment required; includes financing for the down payment and partial closing costs.

Eligibility: Ideal for those who have not owned a home in the last three years. Purchase limits up to $619,450, covering various property types including single-family homes and condos. Some restrictions on manufactured homes, PUDs, and condos apply.

Utah Housing FHA Zero Down

Benefits: Minimal down payment facilitated through secondary financing.

Eligibility: Not restricted to first-time home buyers. Income limit is $141,400. Credit score minimum is 620. FHA loan limits apply, ensuring a broad range of properties are eligible.

Conventional Zero Down

Benefits: Offers financing that covers the entire down payment and some closing costs.

Eligibility: Income limits apply; must not exceed $141,400. Credit score must be at least 700. Not limited to first-time home buyers.

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

Eligibility: Must meet military service requirements with honorable discharge. Property must be the primary residence.

These programs are designed to make homeownership more accessible across Juab County, offering substantial financial support and flexible terms to accommodate a variety of needs and financial situations. For more details or to start your application, please contact our office directly.

Explore our diverse range of homebuyer assistance programs designed to help you secure your dream home with ease:

1. Chenoa Fund

Assistance Offered: Provides up to 3.5% of the purchase price for 1-2 unit properties.

Program Options:

• Grant/Gift: Immediate financial assistance with no repayment required.
• Forgivable Second: A second mortgage that may be forgiven under certain conditions, offering additional flexibility.
• Repayable Second: This option comes with no income restrictions, providing a repayment plan that accommodates all income levels.

2. Utah Housing Corporation Loan

Down Payment Assistance: Receive between 4% and 6% of the purchase price to help cover your down payment.

Available Programs:

• FirstHome: Specifically tailored for first-time homebuyers.
• HomeAgain: Ideal for those re-entering the housing market.
• Score: Designed to assist buyers with unique credit histories.
• NoMI: Offers reduced mortgage insurance premiums to lower monthly payments significantly.

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Financing Benefits: Provides 100% financing, making homeownership accessible without any down payment.

Availability: Extensively available across most of the county, this program supports rural homebuying endeavors with generous financing.

These programs are structured to accommodate a variety of homebuyers, from those purchasing for the first time to those needing flexible financing solutions in rural locations. For more information or to apply, please contact our office directly.

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