Friday, September 23, 2011

How To Buy A Home With Nothing Down - Part I

UTAH HOUSING CORP.

Utah housing Corporation (UHC) loans allow an eligible borrower to borrow their down payment and closing costs. 
Borrowers are able to purchase a home with little or no cash investment at a competitive interest rate.  Up to 6% of the first mortgage can be borrowed for your down payment and closing costs in a second mortgage.  The second mortgage is a 30 year fixed rate mortgage with an interest rate 2% above the first mortgage rate.  First time Homebuyers, Single Parent, or Veteran.  660 FICO and income limits.

Thanks, Rock Reber for this information.

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