Current mortgage rates have some prospective homeowners wondering if they should wait before taking the leap toward buying a house. But for others, there's welcome news from Utah Housing Corporation (UHC).
UHC is currently offering up to $20,000 of assistance to first-time homebuyers. Known as the Program Assistance loan or “Program Assistance,” this limited offer is available to Utah residents who close on new construction or newly constructed homes after July 1, 2023. Other conditions and qualifications apply.
At a Glance
Program Assistance must be paired with a home loan through a participating lender like Cyprus Credit Union. Here are a few other key points you should know about Program Assistance:
- Available on purchases up to $450,000.
- Provides funding at 0% interest and no monthly payments.
- Borrower must be a Utah resident for at least 12 months before closing.
- Funding available on eligible property types, including detached single-family homes, condominiums, and townhomes.
For further details, FAQs, and a more comprehensive list of qualifications, visit UtahHousingCorp.org.
Apply Today
Curious if you qualify for Program Assistance? Let a Cyprus home loan advisor help. Apply for preapproval here or call 801-260-7605 and let one of our experts know you’d like a Utah Housing loan through Cyprus Credit Union.
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Federally Insured by NCUA. Equal Housing Lender. NMLS #666254.
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