Buy a Home in Utah
From first-time buyer programs to jumbo financing, we have the right loan to get you into your dream home — with local expertise and a personal touch. As a Layton mortgage broker, we compare multiple lenders so you get the best fit, not just one bank's options.
Purchase Programs
OverviewFind the Right Loan for Your Home Purchase
Whether you're a first-time buyer, a veteran, or purchasing a high-value property, Hometown Mortgage Co. offers a full suite of purchase loan programs tailored to your unique situation. Our licensed Utah loan officers will guide you through every option so you can buy with confidence.
- Down payments as low as 0% for qualifying programs
- Flexible credit score requirements
- Down payment assistance available
- Fast pre-approval — typically within 24–48 hours
- Local Utah expertise across all counties
Conforming / Conventional
Most FlexibleThe Gold Standard for Home Financing
Conventional loans are not government-backed and are the most widely used mortgage product in the U.S. They conform to guidelines set by Fannie Mae and Freddie Mac, offering competitive rates and flexible terms for buyers with solid credit and stable income.
- Down payment as low as 3%
- No upfront mortgage insurance premium
- PMI removable once you reach 20% equity
- Available for primary, secondary, and investment properties
- 15, 20, and 30-year fixed or adjustable rate options
FHA Loan
PopularGovernment-Backed Flexibility for More Buyers
FHA loans are insured by the Federal Housing Administration and designed to make homeownership accessible to a wider range of buyers. They're especially popular with first-time homebuyers and those with less-than-perfect credit.
- Down payment as low as 3.5%
- Credit scores as low as 580 accepted
- More lenient debt-to-income ratio requirements
- Seller can contribute up to 6% toward closing costs
- Available for primary residences only
VA Loan
No Down PaymentExclusive Benefits for Those Who Served
VA loans are exclusively available to eligible veterans, active-duty service members, and qualifying surviving spouses. Backed by the U.S. Department of Veterans Affairs, they offer some of the most favorable terms available in the mortgage market — including no down payment.
- 0% down payment required
- No private mortgage insurance (PMI)
- Competitive interest rates
- No prepayment penalties
- Lifetime benefit — can be used multiple times
USDA Loan
Rural & Suburban100% Financing for Eligible Utah Communities
USDA loans are backed by the U.S. Department of Agriculture and offer 100% financing for buyers in eligible rural and suburban areas. Many Utah communities qualify — including areas around Ogden, Logan, and smaller towns throughout the state.
- No down payment required
- Low monthly mortgage insurance rates
- Competitive fixed interest rates
- Household income limits apply
- Property must be in an eligible rural/suburban area
Jumbo Loan
High-Value HomesFinancing for Utah's Luxury & High-Value Properties
Jumbo loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac (currently $832,750 in most Utah counties). They're designed for buyers purchasing higher-priced properties and require stronger financial qualifications.
- Loan amounts from $832,751 up to $2.5M+
- Fixed and adjustable rate options
- Primary residence and second home eligible
- Competitive rates for well-qualified borrowers
- Requires strong credit, income, and reserves
Reverse Mortgage (HECM for Purchase)
Age 62+Buy Your Next Home With No Required Monthly Payment
A HECM for Purchase lets homebuyers age 62 and older buy a new primary residence using an FHA-insured reverse mortgage — combining the purchase and financing into a single closing, with no required monthly mortgage payment.
- No required monthly principal-and-interest payment
- One closing — buy and finance in a single transaction
- FHA-insured and non-recourse
- Keep more retirement savings invested
- Popular with Utah retirees downsizing or relocating
Renovation Loan
Fixer-UppersBuy the Home and Finance the Fix-Up — One Loan
FHA 203(k) and Conventional HomeStyle Renovation loans let you buy a home that needs work and roll the renovation costs into your mortgage, based on the home's value after the improvements are completed.
- Down payment as low as 3.5% with FHA 203(k)
- Finance the purchase price and renovation costs together
- Loan based on the home's after-renovation value
- Ideal for fixer-uppers other buyers pass on
- Conventional HomeStyle option available for second homes & investment properties
Not Sure Which Purchase Loan Is Right for You?
Our licensed Utah loan officers will review your situation and recommend the best program for your goals and budget — at no cost to you.
Home Buying Questions
It depends on your income, debts, down payment and loan type. Most programs allow total monthly debts, including the new mortgage, of roughly 43% to 50% of gross income. Our calculators give a quick estimate, and a pre-approval gives you a real number.
Usually 24 to 48 hours after we receive a complete application with income and asset documents.
A bank offers only its own loan products. As a broker, we compare options from multiple wholesale lenders to find the program and terms that fit you, and we stay your point of contact through closing.
Many first-time buyers choose FHA for flexible credit or a 3% down conventional loan if their credit is strong. Veterans should look at VA first, and buyers in eligible areas at USDA. Down payment assistance can be paired with several of these.
Typically 2% to 5% of the purchase price, covering lender, title, appraisal and prepaid items like taxes and insurance. Seller credits, lender credits and some assistance programs can reduce what you bring to closing.