You may not need 20% down.
Many buyers put down far less, and there are programs built for first-time buyers, veterans and people just starting their careers. Here’s a simple look at your options.
5.0 · 22 Google reviewsCommon starting points
Just started your first full-time job
You may be closer to buying than you think. Many lenders can count your years in school toward the work history they look for.
Renting and ready to stop
Low down payment programs and down payment assistance can make owning possible sooner than you’d expect.
Veteran or active duty
VA loans are one of the strongest benefits of service, often with no mortgage insurance.
Self-employed
Buying is absolutely possible. You’ll just want a lender who knows how to document your income.
Ready to move up
Use the equity in your current home toward your next one, and time the sale and purchase together.
Buying new construction
Builders often offer incentives toward rates or closing costs. I’ll help you compare them and negotiate the rest.
The most common ways to buy
Conventional
The most common loan. Low down payment options are available for qualified buyers, and mortgage insurance can be removed once you build enough equity.
See if this fits youFHA
Government-backed with a low down payment and more flexible credit guidelines. A popular choice for first-time buyers.
See if this fits youVA
For eligible veterans, service members and some surviving spouses. Often no down payment and no monthly mortgage insurance.
See if this fits youUtah Housing
Utah Housing Corporation offers loans and down payment assistance for qualifying buyers across the state.
See if this fits youBuilder incentives
Rate buydowns and closing cost credits offered by builders on new homes. Terms change often, so I’ll check what’s available when you’re ready.
See if this fits youJumbo
For homes above standard loan limits, common in Park City and other higher-priced areas.
See if this fits youAlready own a home?
Refinancing can lower your monthly payment, shorten your loan, or turn some of your equity into cash for renovations or other goals. Mayra can review your current loan, compare the programs available to you, and tell you honestly whether refinancing makes sense right now.
Mayra Hernandez
I refer my clients to Mayra because she explains every option clearly, moves fast and treats my clients like family. She has access to a wide range of loan programs, for buying a home and for refinancing one you already own.
You are free to choose any lender. Mariano Delgado and Innova Realty, Inc. are not lenders.
Tell me about your plans
Answer a few quick questions and I’ll follow up with a plan, then connect you with Mayra to talk through financing. It takes about two minutes.
This page is general information, not a loan offer or commitment to lend. Loan programs, eligibility and terms are set by lenders and government agencies and may change. Approval depends on credit, income, assets, property and other factors. Contact a licensed loan officer for current terms.