Utah Programs Help With Down Payments

Utah State Capital Eric Miller PhotoFrom Salt Lake City, the Associated Press and the Examiner, MHProNews.com learns that Utah Governor Gary Herbert recently announced a plan to help would-be homeowners with downpayments. Two new mortgage loan programs at the Utah Housing Corporation are available to first-time home buyers and repeat buyers with credit issues or a lack of savings. The HomeAgain Loan will allow people to qualify for a second mortgage of up to six percent of the home’s purchase price. In addition a Score Loan is available for buyers with a credit score of 620 or higher to qualify for a second mortgage of up to four percent of the purchase price. Manufactured homes on a permanent foundation qualify.

(Image Credit: Eric Miller)

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