Utah residents exploring ways to afford their first home often hear about the $20,000 down payment assistance program. But does this program require you to be a first-time homebuyer? The answer is more nuanced than a simple yes or no. Let’s break it down and explore other options for buyers who may not meet the criteria for this program.
Are you planning to buy your first home and feeling overwhelmed by the flood of calls from lenders? While purchasing a home is an exciting milestone, navigating the process while avoiding unsolicited sales calls can be tricky. Fortunately, there are reliable resources and opportunities to gain valuable insights without the pressure.
Discover the rules and requirements for turning your primary residence into a rental property. This blog covers the one-year occupancy rule for FHA, VA, USDA, and conventional loans, as well as unique restrictions for Utah Housing loans. Learn tips for transitioning your home into an investment property legally and efficiently, and find out how to ensure compliance with mortgage requirements.
Learn how you can negotiate for the seller to pay your closing costs when buying a home. This guide explains the maximum contribution limits based on loan type—FHA, VA, USDA, conventional, and investment property loans—and provides tips for securing seller-paid costs. Discover how this strategy can reduce your upfront expenses and make homeownership more affordable, especially for first-time buyers.