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First Time Home Buyers and Down Payment Assistance

Personal Banking

Do I need a down payment to buy a home?

We offer a variety of mortgage loans that require little to no money down!

  • FHA Loans have a down payment option as low as 3.5% of the purchase price.
  • A USDA Loan doesn't require a down payment, but the property must be located in a qualified rural area.
  • Fannie Mae offers a HomeReady®; grant for borrowers looking for a conventional loan that offers a down payment as low as 3%.

State Bank of Southern Utah Offers a down payment assistance program for qualifying First Time Home Buyers where you can receive up to $7,500 to use towards closing costs!

Down Payment Assistance

Do I need a perfect credit to buy a home?

You don't need a perfect credit to buy a home. You can qualify with a minimum credit score of 620 and, in most cases, have collections.

We provide you with a comprehensive and full-service solution for all of your mortgage lending needs.

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Can I afford to buy a home?

House payments generally cost the same as renting or could be cheaper than renting! There are some income restrictions that need to be met when using a grant to assist with down payments & closing costs.

So how much home can I afford? Use our calculator below!

Mortgage Calculator

Got questions? Contact us at (435) 586-4112