Home Buyer Grants and No-Down Payment Programs for Summit County (Coalville, Echo, Jeremy Ranch, Kamas, Park City)

Home Buyer Grants and No-Down Payment Programs for Summit County (Coalville, Echo, Jeremy Ranch, Kamas, Park City) 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.

Features: Offers 100% financing for properties designated as rural within Summit County. Eligibility: Subject to income limitations based on household size but generally accommodates a broad range of incomes.

Financing: No down payment required; integrates a second loan to cover up to 3.5% down payment and 2.5% of closing costs. Eligibility: Must not have owned a home in the last three years. Income and credit score restrictions apply. Property Types: Eligible properties include single-family homes, twins, manufactured PUDs, and condos. Some restrictions may apply. Utah Housing FHA Zero Down Details: Similar to the First Time Buyer program but without the first-time buyer requirement. Income and Credit: Income limits apply, and a minimum credit score of 620 is required. Conventional Zero Down Financing: Similar structure with 3% down payment covered by a secondary financing option. Income and Credit: Maximum income limit is $141,400, and a minimum credit score of 700 is required.

Eligibility: For veterans and active-duty military personnel. Does not require a first-time homebuyer status. Benefits: No down payment required and the terms include a primary residence requirement with favorable conditions for spouses. Explore these options to find the best fit for your home purchasing needs in Summit County. Explore Home Financing Options Available in Your Area Chenoa Fund Support Offered: Up to 3.5% of the purchase price for 1-2 unit properties. Program Options: Includes Grant/Gift, Forgivable Second, and Repayable Second programs. Notably, the Repayable Second program does not have income restrictions, broadening accessibility. Utah Housing Corporation Loan Assistance Range: Offers 4%-6% of the purchase price as down payment assistance. Program Choices: Select from a variety of programs including FirstHome, HomeAgain, Score, and NoMI, designed to meet diverse borrower needs.

Financing Availability: Provides 100% financing, making it an exceptional choice for eligible rural areas. Coverage: Available throughout most of the county, this program supports buyers looking to finance homes in designated rural locations. These programs are designed to help reduce the financial barriers to home ownership, providing flexible options for down payments and home purchases.