The 1% down conventional loan program is designed to help buyers get into homes with minimal upfront costs. By combining your own savings with down payment assistance—like the 2% we cover—you can make homeownership more affordable than you think.

What down payment assistance programs are available in Salt Lake City?

Several programs exist, but the conventional 1% down program is a recent favorite among first-time homebuyers we work with in Utah. It offers a way to buy with a low down payment while building equity immediately.

Can I become a homeowner with low savings for a down payment?

Absolutely. You don’t need 20% down to buy a home. Many of my clients thought the same until we showed them how programs like this one work.

–

If you’re renting in Salt Lake City or the surrounding Utah areas and worried about the down payment, remember: you don’t need to wait or save 20%. With the help of a local mortgage broker who knows how to navigate down payment assistance programs, you can start owning. Sometimes, all it takes is a little help and a plan.

The post Common Questions About Low Down Payment Mortgages in Utah appeared first on Houzd.