Down payment support
Eligible funds may help satisfy your mortgage program’s down payment requirement.
Ready to explore homeownership but concerned about the upfront cost? Let’s review down payment assistance options, closing costs, and a monthly payment that fits your budget.
Down payment assistance, often called DPA, helps eligible homebuyers cover part of the down payment and, in some programs, closing costs. Assistance may come as a grant or a second loan, with different eligibility and repayment rules.
Utah buyers may have options through Utah Housing Corporation, local housing organizations, or other eligible programs. You must qualify for both the mortgage and the assistance.
Our Houzd Mortgage team can help you compare available assistance with other financing options.
Eligible funds may help satisfy your mortgage program’s down payment requirement.
Some programs also allow assistance toward approved closing costs and prepaid expenses.
Explore programs designed for eligible buyers entering homeownership.
Some assistance options are available to qualified buyers who have owned a home before.
Review assistance, your contribution, and remaining purchase expenses together.
Compare the first mortgage, any assistance loan payment, insurance, taxes, and fees.
Reducing cash needed at closing is only one part of the decision. Review the mortgage rate, assistance loan terms, fees, and combined monthly payment.
Compare an assisted purchase with an eligible low-down-payment mortgage without assistance before choosing your financing.
Utah Housing Corporation offers assistance loans paired with eligible Utah Housing first mortgages. Traditional and deferred assistance structures have different payment and repayment terms.
City, county, and nonprofit programs may offer other options. The property address can affect eligibility, and funding or application windows may be limited.
Based in Draper, our Houzd Mortgage team helps buyers in Salt Lake, Utah, Davis, and Weber counties review their financing. Whether you are considering Salt Lake City, West Jordan, Lehi, Provo, or Ogden, start with your budget and intended property location.
Explore Utah Housing Corporation resources or connect with a Houzd loan officer to discuss which options may fit your purchase.
There is no single statewide qualification standard for every program. Depending on the assistance, your review may include:
Your loan officer can explain the requirements for the specific program being considered.
Review your options before setting your purchase budget.
Discuss your target area, timeline, savings, and comfortable monthly payment.
Provide requested income, credit, asset, and homeownership information.
Review available assistance, remaining cash to close, payments, and repayment terms.
Coordinate program steps, property review, underwriting, and closing.
Yes. Utah Housing Corporation and certain local housing programs offer assistance for eligible buyers. The amount, eligible mortgage, location rules, and funding availability depend on the program.
Not for every program. Some options serve qualified repeat buyers, while others require first-time buyer status. Each program defines that status and any exceptions.
It depends on the program, mortgage amount, eligible costs, and your qualifications. Assistance may be calculated as a percentage of the mortgage or capped at a dollar amount. Confirm current limits before relying on a specific amount.
Often, yes. Assistance loans may require monthly payments or repayment at a later event. Forgivable assistance and grants have their own conditions. Review the written agreement before closing.
Some programs allow funds toward eligible closing costs as well as the down payment. The permitted uses and maximum assistance determine how much of each expense can be covered.
Not necessarily. You may still need funds for earnest money, inspections, appraisal, reserves, or costs not covered by assistance. Review both expenses due before closing and your estimated cash to close.
There is no one minimum for every program. You must meet the requirements of the assistance provider, mortgage program, and lender. Credit score alone does not determine approval.
Many assistance programs have income limits. How income is counted can vary, including whether other household members are included. Ask which calculation and current limit apply to your program.
Certain assistance programs work with eligible FHA or conventional mortgages, but assistance cannot be paired with every loan. Confirm compatibility and approval requirements before choosing a structure.
Not for all assistance programs. Some allow eligible existing homes, while others are specifically designed for qualifying new construction. Check the property rules for the assistance you are considering.
Selling or refinancing may trigger repayment or affect forgiveness. A refinance may also require approval to keep an assistance lien in place. Review your program documents before making changes.
Some programs require an approved course or counseling before closing. Others recommend it. Confirm the required provider, completion deadline, and any cost.
Start your application online or talk with a Houzd loan officer. Share that you want to explore down payment assistance for your Utah home purchase.
Find out how assistance could fit into your purchase, what you may need upfront, and what the full payment could look like.
Have questions first? Connect with a Houzd loan officer.
Houzd Mortgage | NMLS #888979 | Equal Housing Opportunity.
All loans and assistance are subject to credit, underwriting, property, and program approval. Assistance amounts, income limits, purchase price limits, eligible locations, funding, rates, fees, and terms vary and may change. Not all programs are available through every lender.
Assistance may be a repayable second mortgage. Deferred payments do not necessarily mean no interest or no repayment obligation. Grants and forgivable assistance may require repayment if program conditions are not met. Review all applicable agreements and disclosures.
This information is not a commitment to lend, a reservation of assistance funds, or a guarantee of eligibility. Houzd Mortgage is not a government agency.