Zero Down Utah Loan Program

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New Utah Loan Program – Buy With Zero Down With New Fannie Mae 100% Financing Loan

Academy Mortgage is the number one Utah Housing lender in Utah and excited to introduce their newest Utah loan program available to Utah home buyers through Fannie Mae. Borrow up to 100% of your purchase with zero money down and no mortgage insurance. This is a great option for first-time homebuyers who have a lower income and zero down payment.

Fannie Mae 100% Financing Loan Details

  • No mortgage insurance
  • 97% first mortgage
  • 3% second mortgage (rate is 2% higher than current NoMI published rate)
  • $84,000 maximum annual qualifying income
  • Single family homes (no condos or attached PUDS, PUDS will be available in Sept)
  • Maximum purchase price $350,000
  • Cannot own another home
  • Owner occupied not for second homes or investment property
  • Shorter closing than a USDA loan; approximately 30 days


Visit Utah Housing Corp for current rates and loan details.

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