One of Utah Housings best programs is No MI. No Mi stands for “No Mortgage Insurance” and is often one of the best payments that Utah Housing offers. This is a conventional loan that requires credit scores over 700. However, conventional can be harder to qualify for and so please use a loan officer who is familiar with the program to make sure it will work.
Also, it is a no money down program. It starts with a conventional loan and the required down payment of 3% is lent by Utah Housing, let you buy with no money down.
Utah housing was started in 1975 and is dedicated in helping families buy a home. In order for a lender to help you with this loan, they must be a participating lender with the state.
For more questions and how to start the process schedule a free 10-minute call to find out how to start and what programs are available. There is no harm in trying and if anything, you will at least get a plan of what to do to eventually own a home.
So schedule today and find out what you need to do to own your home.
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