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The Utah Grant Process

Most Utah Home Grants are provided by Utah Cities and Counties who want to help new buyers move into their boundaries.  Every grant has different rules and terms based on the municipality.  Most home buying grants can be used as a down payment on an FHA loan.  Some grants will allow you to keep the money after a period of ownership and some ask you to repay the assistance back when you sell the home. 

There are no payments and interest on grants and they are intended to help those who need it most.  Most grants have the following conditions to apply:

  • Income restriction:  Income levels are based on the local areas median household income.  The more people are living in the household (including children), then the higher the limit goes.

  • Credit score minimum:  Most grants require FICO scores to be over a certain number, sometimes 645.

  • Debt to Income Levels:  Most grants require your debt to income level to be less than 45%.  This is your monthly debt obligations divided by your gross monthly income. 

Knowing these requirements is important, however, do not disqualify yourself until to talk to a professional.  The best step to take is to apply and see what or when you could you qualify.  If you do not qualify now, then you may qualify later after some credit repair or debt payment.



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Realty Experts and Security National Mortgage Company provide this website for informational and marketing purposes only. The information provided is deemed reliable but is not guaranteed and should be independently verified.Disclaimer: No statement on this site is a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet Loan-to-Value requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines and are subject to change without notice based on applicant’s eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over the life of a loan. Reduction in payments may reflect a longer loan term. Terms of any loan may be subject to payment of points and fees by the applicant. SecurityNational Mortgage Co. is an Equal Opportunity Lender. NMLS#3116 NMLS Consumer Access