Home Loans Utah

Home Loans Utah Zero Down, 100% Finance Home Loan

Home Loans Utah Zero Down, 100% Finance Home Loan

Home Loans Utah

Looking to buy a home but worried about your low credit scores? While most conventional home loans programs will be unavailable to you, USDA home loans in Utah will help you with home buying. Having a good credit score is advantageous in many ways, but if you had to go through financial upheavals due to reasons which were not under your control, USDA home loans will offer 100% financing for buying your dream property.

Many people with low income and low credit scores (lower than 640) have qualified for USDA home loans and are now proud homeowners. This is possible only because USDA has the most lenient and flexible qualifying guidelines. Just qualify to the income criteria and make sure the property is located within a USDA approved rural area, the rest will be taken care of. To know more about qualifying for USDA home loans in Utah with low credit scores, get in touch with us now.

Utah Demographics

The population in Utah is estimated to be 2,942,902 on July 1, 2014. There are 5 metropolitan and 6 micropolitan areas in Utah. This state ranks as the 10th least densely populated, 13th-largest and 33rd-most populous state in the U.S. The median household income is $50,614, which is 14th highest and the 2nd highest income when adjusted for cost of living.

Quality of Life in Utah

Utah is an ideal destination for relocation since the housing options are very affordable and the cost of living is lower than the national average. It also offers great community living and excellent job opportunities. The beautiful mountains attract people from all over the world for skiing and snowboarding.

Education in Utah

A number of good schools and colleges can be found in Utah and some of the well-known colleges and universities of the state include Brigham Young University in Provo, Dixie State University in St. George, University of Utah in Salt Lake City, etc. While in Utah, you don’t have to worry about your child’s education.

Jobs and Employment in Utah

The main sectors contributing to the state’s economy are tourism, education, transportation, government services, information technology, etc. Forbes ranked the state as the “Best States For Business” in 2014. In 2012 the per capita personal income was $45,700.

Petroleum production is a major industry in Eastern Utah. People in Utah have to pay personal income tax and state sales tax. So Utah offers decent job opportunities for its residents.

  • Unemployment Rate: 5.8%
  • Job growth in past 1 year: -4.47%
  • Project job growth next 10 years: 25.26%
  • Median income of household: $91,258

Facilities and Local Amenities in Utah

All kinds of local amenities and facilities can be found in Utah. Retail shops, grocery stores, fitness centres, recreational areas, etc can be found at every corner of the state. A number of interstate highways, rail systems and international airports are responsible to keep the people connected with other parts of the country. The state boasts of high quality and affordable healthcare facilities.

Home Loans Utah Zero Down, 100% Finance Home LoanUtah Crime Index

Annual crimes per 1,000 residents is 31.74

Property and Home Values in Utah

The median home value in Utah is $210,500.

The Best Home Loans option in Utah Just for You!

Most of the conventional loan programs and financial institutions want their borrowers to have excellent credit scores. This is to ensure that the risks on their part are at the minimum. Having low credit scores indicates that you are a bad payer which is why most conventional loan programs will reject your application.

USDA on the other hand is very affordable and helps people who are in real need of home loans. People having low to moderate income are eligible to get USDA home loans in Utah. They would also get 100% financing, even if they have credit scores lower than 640. Nowhere else will you find such an affordable home loan program.

So apply for a USDA home loan without delaying. Get in touch with loan experts to know how.