Bank of Utah has access to a limited amount of funds for first-time home buyers to go towards the purchase of an FHA-qualifying home. These funds are distributed on a first come, first served basis and can be applied towards down payment or closing costs. Take advantage of Bank of Utah's ability to close loans fast to secure your grant money!
Loan subject to approval, certain restrictions and qualifications apply. Funds provided by the Federal Home Loan Bank of Seattle. If the home you bought using the Homestart Grant is sold within five years of the date the funds were disbursed, a prorated share of the grant funds may have to be repaid to the Federal Home Loan Bank of Seattle. Grant funds are matched three dollars to one dollar of purchasers savings up to $5,000.