The Utah Housing Corporation DPA Second program provides affordable down payment and closing cost assistance to eligible homebuyers across Utah. Backed by the Utah Housing Corporation (UHC), this second mortgage program makes it easier for buyers to qualify for a home—especially those who lack the upfront cash to get started.
❓ What Is the DPA Second Program?
The DPA Second is a second mortgage loan that helps Utah buyers cover the required down payment and closing costs on their first mortgage. It’s available when using any of UHC’s four main loan products:
- 🏡 FirstHome – for first-time buyers
- 🔁 HomeAgain – for repeat buyers
- 👨👧👦 NoMI – for borrowers with no mortgage insurance
- 💳 Score – for those with lower credit scores
The DPA Second loan offers up to 6% of the first mortgage amount, and it’s structured as a fully amortized second loan with an interest rate just 2% above the first mortgage rate.
✅ Who Can Qualify for Utah’s DPA Second?
You may qualify if you meet the following:
- 👨👩👧👦 Are a first-time or repeat homebuyer
- 🏠 Purchasing a primary residence in Utah
- 📉 Meet UHC’s income and purchase price limits
- 📊 Have a credit score of at least 620 (lower for Score program)
- 📘 Complete a homebuyer education course
- 💼 Work with a UHC-approved lender
💵 Benefits of the Utah Housing DPA Second
- 💲 Receive up to 6% of the first mortgage amount for down payment/closing costs
- 📉 Competitive second mortgage rate (2% above main loan)
- 🔁 Use with FHA, VA, USDA, and conventional loans
- 🔗 Combine with Utah first mortgage programs for maximum affordability
📈 Why Use This Program in Utah?
Utah has seen rapid home price increases, especially in areas like Salt Lake City, Ogden, and Provo. This makes saving for a down payment one of the biggest challenges for homebuyers. The DPA Second program offers a sustainable, predictable loan to help bridge that gap without requiring high interest or balloon payments.
📝 How to Apply for Utah Housing DPA Second
- 📞 Contact a UHC-approved lender
- 🧾 Apply for one of UHC’s first mortgage products
- 🎓 Complete your homebuyer education online or in person
- 📂 Submit income and ID verification to your lender
- 🏡 Close on your home and receive DPA Second loan proceeds at settlement
📋 Program Requirements Summary
- 📊 Minimum credit score: 620 (or 660 for conventional loans)
- 📝 Must meet local income and purchase price limits
- 🏘 Must occupy the home as your primary residence
- 📘 Homebuyer education course is required
💡 Smart Tips for Buyers
- 📆 Start early—DPA funds are tied to your loan closing timeline
- 📋 Choose a lender who works regularly with UHC loans
- 🧾 Keep tax returns, pay stubs, and W2s organized and ready
- 📞 Ask if you qualify for employer or city housing benefits as well
🔍 Real Example
Maria, a social worker in West Valley City, wanted to buy her first home but only had $2,500 saved. Her lender helped her apply for a FirstHome mortgage with DPA Second assistance. She received over $10,000 in support, which allowed her to move in with minimal upfront costs. Her second loan is affordable and built into her monthly budget.
❓ FAQs – Utah Housing Corporation DPA Second
📌 Is DPA Second a grant?
No. It is a second mortgage loan that must be repaid. However, the terms are very favorable, with low interest and no prepayment penalty.
🔗 Can I combine this with other down payment programs?
Yes, depending on your lender and city or county guidelines. UHC allows program stacking if permitted by all sources.
📊 What are the income limits?
Income limits vary by household size and location. For example, in Salt Lake County, the limit for a family of 3 is approx. $113,000. Your lender will confirm the latest numbers.
🏠 What types of properties qualify?
Eligible homes include single-family houses, condos, townhomes, and some manufactured homes (restrictions apply). The home must be located in Utah and used as your primary residence.
🎯 Why Use the DPA Second Program?
The Utah Housing Corporation DPA Second is one of the most reliable and flexible ways to afford a home in Utah. With up to 6% in assistance and fair repayment terms, it opens the door to homeownership for thousands of families. If you’re ready to buy a home but need help with up-front costs, this is the program to explore.
📥 Apply Now via Utah Housing Corporation
