The Utah Housing Corporation was created as a public corporation by the state of Utah to assist in the creation of affordable housing for low-income households. The program is for first time homebuyers or someone who has had no mortgage payment for the last three years.
The Utah Housing Corporation works in conjunction with FHA and VA to provide a 103% loan to value where buyers can come in with little to no down payment. This allows the down payment and closing costs to be financed into the loan. Selective limits and income limitations do apply. Financing is available as a 30-year fixed loan for single-family residences, condos, and planned unit developments (PUDs.)