Home Buyer Grants and No-Down Payment Programs for Morgan County (Croydon, Morgan, Mountain Green, Peterson)

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3% Down Grant

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Home Buyer Grants and No-Down Payment Programs for Morgan County (Croydon, Morgan, Mountain Green, Peterson) Explore our diverse range of financial assistance programs designed to help you secure your dream home. 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 intrest due. Min FICO of 620.

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3% Down Grant

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Must be a first time home buyer. 3% Grant for down payment up to $15,000. No income restrictions Silent 2nd that is repayed when you refinance or sale. No payments and no intrest due. Min FICO of 700. Settlers Fund Grant for Morgan County Assistance Provided: Offers 3.5% of the home's purchase price. Repayment: No repayment required after 36 consecutive on-time payments. Eligibility: Available for purchases throughout Morgan County. Must be an owner-occupied single-family home, townhome, or condo. Manufactured homes are excluded. Borrow Smart Grant for Morgan County Grant Amount: Up to $2,500. Eligibility: First-time homebuyers who have not owned a home in the last three years. Available for 1-4 unit properties, including condos and PUDs, excluding mobile homes. A homeownership education program is required. Grants can be combined with other financial assistance programs. Home Empowered Grant for Morgan County Grant Amount: Up to 3.5% of the purchase price. Repayment: This grant does not require repayment. Eligibility: Must be used within Morgan County for owner-occupied properties only. Applicable to single-family homes, townhomes, condos, or duplexes. Manufactured homes on owned land are eligible. Qualification Criteria: Applicants must meet at least one of the following conditions: First-time homebuyer. Single parent. Active or retired essential worker, or a volunteer in critical services (e.g., first responders, educators, medical staff, or government employees). Earning up to 140% of the Area Median Income (AMI). Chickasaw Grant for Morgan County 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. For primary residences only; no investment properties. Non-cash-out refinancing only.

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Rural No-Money Down Program

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Benefits: Provides 100% financing for homes in designated rural areas. Eligibility: Liberal income limits based on household size make this program accessible to a broad range of applicants.

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Utah Housing First Time Buyer Program

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Benefits: No initial down payment required; includes financing for both the down payment and partial closing costs. Eligibility: Not owned a home in the last three years. Income and property price limits apply; detailed eligibility criteria available upon request. Utah Housing FHA Zero Down Benefits: Minimal down payment facilitated through a secondary financing arrangement. Eligibility: Available to those not qualifying as first-time buyers due to recent homeownership. Income and credit qualifications apply. Conventional Zero Down Benefits: Covers the entire down payment and some closing costs through secondary loans. Eligibility: Income and credit qualifications must be met. Not limited to first-time homebuyers.

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VA Loan Program

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Benefits: No down payment required for U.S. military veterans or their eligible dependents. Eligibility: Requires military service with honorable conditions. Property must be the primary residence. These programs are designed to help reduce the financial barriers to homeownership, offering substantial support through grants and flexible financing options. For more information or to begin your application, please contact our office directly. Explore our comprehensive homebuyer assistance options designed to make your path to homeownership smoother and more affordable: 1. Chenoa Fund Assistance Provided: Offers up to 3.5% of the purchase price for 1-2 unit properties. Available Programs: Grant/Gift: Direct financial aid that doesn't require repayment. Forgivable Second: A secondary loan that may be forgiven under certain conditions. Repayable Second: A flexible repayment option without income restrictions, allowing greater accessibility. 2. Utah Housing Corporation Loan Down Payment Assistance: Provides between 4% and 6% of the purchase price to help with your down payment. Selection of Programs: FirstHome: Specifically tailored for first-time homebuyers. HomeAgain: Assists those re-entering the housing market. Score: Designed for buyers with unique credit situations. NoMI: Reduces mortgage insurance costs to lower monthly payments.

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3. Rural Housing Program

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Financing Benefits: Offers 100% financing, an ideal option for purchasing a home in designated rural areas of the county. Availability: This program is widely accessible to most residents within the county, providing significant financial support without the need for a down payment. These initiatives are structured to support a variety of homebuying scenarios, from first-time purchases to those seeking flexible financing solutions in rural settings. For more information or to apply, please visit our website or contact our office directly.

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