Home Buyer Grants and No-Down Payment Programs for Tooele County

Home Buyer Grants and No-Down Payment Programs for Tooele County Click on any program to apply or 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 intrest due. Min FICO of 620.

Features: Offers 100% financing for properties located in rural areas of Tooele County. Income Limits: Liberal, accommodating most income levels.

Financing: No down payment required; integrates a secondary loan to cover initial costs. Eligibility: Re-open to those who haven't owned a home in the last three years with income and credit score qualifications. Property Types: Includes a wide range, with some restrictions on manufactured homes, PUDs, and condos. Utah Housing FHA Zero Down Features: No down payment necessary, with additional financing covering up to 2.5% of closing costs. Income and Credit: Must meet specific income and credit score thresholds. Conventional Zero Down Features: Simulates a zero down payment scenario through secondary financing. Restrictions: Income and credit score requirements must be met; certain property types are eligible under this program.

Eligibility: For current and former military personnel without the requirement of first-time homeownership. Benefits: No down payment, no private mortgage insurance, and favorable terms for eligible spouses. For detailed requirements and to apply, please click on the desired program or contact us directly for personalized guidance. Tooele County Homebuyers Grant Program offers up to $10,000 in down payment assistance, making your first home purchase more affordable. The Chenoa Fund provides up to 3.5% of the purchase price for 1-2 unit homes, with three options available: Grant/Gift, Forgivable Second, or Repayable Second. Notably, the Repayable Second option does not have income restrictions. Utah Housing Corporation Loan offers between 4%-6% of the purchase price as down payment assistance. You can choose from several programs including FirstHome, HomeAgain, Score, and NoMI. Additionally, the Rural Housing program offers a fantastic 100% financing opportunity, available in most areas of this county, supporting your journey to homeownership with minimal upfront costs.