How much do you actually need to buy a home?
Less than most people think. Between FHA loans, USDA loans, VA loans, and state-sponsored down payment assistance programs, many buyers in Utah and Nevada can purchase a home with 0%–3.5% down — and sometimes with closing cost help too.
As an independent broker we are familiar with all available assistance programs and apply for them alongside your primary mortgage. There is no extra cost to you for using DPA — it is built into the loan process.
Minimum down payments
Available programs
State and federal programs available to Utah and Nevada buyers.
Utah Housing Corporation (UHC)
The most widely used DPA program in Utah. Provides a second mortgage loan covering 3.5%–6% of the purchase price to cover your down payment and some closing costs.
- •Available statewide in Utah
- •Covers 3.5%–6% of purchase price
- •Low fixed interest rate on second mortgage
- •Income and purchase price limits apply
- •Must use a UHC-approved lender
USDA Rural Development Loan
Zero down payment loan for eligible rural and suburban areas. Many Utah communities outside the Wasatch Front qualify, including parts of Weber, Cache, and Washington counties.
- •0% down payment
- •No PMI (annual guarantee fee instead)
- •Competitive fixed rates
- •Income limits apply
- •Property must be in eligible area
Home Is Possible (HIP)
Nevada Housing Division's flagship program offering down payment assistance as a grant or low-interest second mortgage. Available across Nevada including Las Vegas metro and Reno.
- •Available statewide in Nevada
- •Grant option — no repayment required
- •Or low-interest second mortgage option
- •First-time and repeat buyers may qualify
- •Income limits apply
VA Loan — Zero Down
Eligible veterans, active duty service members, and surviving spouses can purchase a home with zero down payment and no private mortgage insurance through the VA loan program.
- •0% down payment
- •No private mortgage insurance
- •Competitive rates
- •No purchase price limit
- •Must meet VA service requirements