Home - Utah Grant Process - Utah First Time Home Buyers - Utah No Money Down - Contact

Utah First Time Home Buyers

Most grants and down payment assistance require the buyer be a "First Time Home Buyer". However, this can be deceiving. Most people think that if you have previous bought a home then you are not a "First Time Home Buyer". Fact is, grants are qualifying buyers based on the lending definition of "First Time Home Buyer", which is:"

"Anyone who has not purchased or owned a home in the last three (3) years."

So, people who have purchased before can qualify as long as they have not owned in the last three years. Also, FHA will allow buyers who have foreclosed on their previous home to purchase a home as long as it has been 3 years since the foreclosure. So not only can a person who was foreclosed on purchase a home with FHA, they care also considered a "First Time Home Buyer".

Here are 5 simple steps for buying your first home.

Home - Grant Process - First Time Home Buyers - No Money Down Options - Contact

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