Your First Utah Home: Easier Than You Think

Inspired by Governor Cox’s Utah First Homes initiative, SHM helps Utah families achieve homeownership with state programs, down payment assistance, and expert guidance — whether you’re a young professional, growing family, or new to Utah.

Your First Utah Home: Easier Than You Think

Hear From Our Experts: How SHM Makes It Simple

Watch this quick video from SHM’s Head of Sales explaining how we guide you through loans, savings programs, and the buying process — tailored for Utah first-timers.

Take Your First Step to Home Ownership

Fill out the form and one of our loan experts will reach out to discuss your options of landing your first home. It is likely more achievable than you think!

Join Utah's Push for 35,000 Starter Homes by 2028

Governor Spencer Cox and Lt. Gov. Deidre Henderson are investing $150 million to build affordable starter homes. As Gov. Cox says: ‘The single greatest threat to our future prosperity… is the price of housing. Our kids will never be able to call Utah home if we don’t start building starter homes again.’ This program offers grants, infrastructure funding, and innovation to help first-time buyers like you.

Homeownership in Utah: Achievable for Everyday Families

Whether you’re new to the workforce and earning a steady W-2 income, a young family saving for a down payment, or a newcomer drawn to Utah’s job growth and outdoor lifestyle, home ownership is possible. With median starter homes in the $250-500k range, low-interest FHA loans, and state aid covering up to 6%* down, thousands are buying now. Don’t miss out — Utah’s population boom means demand is rising, but programs like these make it easier.

Affordable Starter Options Abound

Starter homes (condos/townhomes) average $409,900.

Job Growth Fuels Opportunity

Utah’s employment is projected to grow 1.5% in 2025 (adding ~25,000 jobs), boosting incomes for W-2 workers.

Sales Momentum Building

Home sales rose 2.9% statewide in late 2024 into 2025, with 118 homes selling daily.

Leverage One of the Down Payment Programs

Make your home-owner dream come true by using one or more of these programs to get started.

Utah Housing FirstHome Loan

Offers first-time buyers up to 6%* assistance for down payments/closing costs on homes under $450,000, requiring a 660+ credit score. Contact SHM to apply.

Foyer Savings Program

Helps renters save with 4.15% APY** and 6% matching rewards, perfect for building your down payment.

S.B. 240 First-Time Homebuyer Assistance

Provides $20,000 for new-build homes under $450,000, repayable only upon sale/refinance. Ask SHM for details.

FHA for Condos & Townhomes

Enables 3.5%*** down payments for condos / townhomes with 580+ credit, paired with state aid. SHM streamlines the process.

Find Out Your Mortgage Cost

Explore Starter Homes in Utah

Browse current MLS listings for condos, townhomes, and single-family homes eligible for first-time programs. Partnered with realtors like Berkshire Hathaway for showings.

Learn More: Tips for First-Time Buyers

Watch this quick video from one of our SHM realtors explaining how we guide you through loans, savings programs, and the buying process — tailored for Utah first-timers.

Unlocking Down Payment Assistance in Utah: A Beginner's Guide

Utah’s FirstHome Loan and S.B. 240 offer up to $20,000 for first-time buyers, easing the path to homeownership.

Pre-Qualification vs. Pre-Approval: Key Differences for Utah First-Time Buyers

Pre-qualification estimates affordability quickly, while pre-approval strengthens offers with verified finances.

Navigating FHA Loans for Your First Home in Utah: What to Expect

FHA loans allow 3.5% down payments for condos and homes, ideal for Utah’s rising prices.

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Disclaimers

All loans are subjected to qualification. Terms, Conditions, and Restrictions apply Contact us for additional details.

*Loan with 0% down payment on a 30-year, fixed-rate loan for a $400,000 home with an interest rate of 6.00% Annual Percentage Rate (APR) will have 360 monthly principal and interest payments of approximately $2,398.20. Payments shown do not include taxes, homeowners insurance, or mortgage insurance (if applicable). Actual payments will be higher. Not all borrowers will qualify.

**The 4.15% Annual Percentage Yield (APY) is accurate as of October 23, 2025, and is subject to change without notice. APY assumes interest remains on deposit until maturity and is calculated based on a savings account with consistent deposits. The 6% matching rewards are subject to program terms, including eligibility requirements and limits on matching funds. Contact your lender or program administrator for full details and conditions.

***Loan with 3.5% down payment on a 30-year, fixed-rate FHA loan for a $400,000 home with an interest rate of 6.00% Annual Percentage Rate (APR) will have 360 monthly principal and interest payments of approximately $2,315. Payments shown do not include taxes, homeowners insurance, or mortgage insurance, which is required for FHA loans. Actual payments will be higher. Not all borrowers will qualify, and a minimum credit score of approximately 620 is typically required.

886-764-0111

Your First Utah Home: Easier Than You Think

Your First Utah Home: Easier Than You Think

Hear From Our Experts: How SHM Makes It Simple

Take Your First Step to Home Ownership

Join Utah's Push for 35,000 Starter Homes by 2028

Homeownership in Utah: Achievable for Everyday Families