How Much Do I Need for a Down Payment in Utah

One of the most common questions buyers ask is how much they actually need for a down payment. The answer depends on the type of loan and the price of the home, but it is usually less than most people expect.

Here is a simple look at what buyers in Utah can plan for.

Three Percent Down for Many First Time Buyers

Some conventional loans allow as little as three percent down. It is a good option for buyers who have steady income but have not saved a large amount yet.

Three and a Half Percent Down for FHA Buyers

FHA loans allow three and a half percent down and offer more flexible approval, which helps buyers who want a little extra breathing room with credit or qualifying.

Zero Down Options for VA and USDA Buyers

VA loans and some USDA loans offer zero down for qualified buyers. Utah has USDA eligible areas, and many military and veteran buyers use VA benefits to purchase without a down payment.

Twenty Percent Down Is Not Required

Many people still think they need twenty percent down. You do not. Most buyers today use smaller down payments and keep the rest of their savings for closing costs or future updates.

Your Down Payment Should Match Your Goals

There is no single right number. It depends on your comfort level, monthly payment goals, and how soon you want to move.

How I Can Help

I will explain the down payment options available to you so you feel clear about what fits your situation. I will connect you with lenders who break everything down in simple terms, and when you are ready, I will help you prepare a strong offer so you move forward with confidence.

If buying a home is on your mind, I will make the process feel simple and manageable from the beginning.