New to this. That's exactly who this page is for.
You don't need to know mortgage terminology, have perfect credit, or have a huge down payment saved to start figuring this out. Here's what actually matters as a first-time buyer in Utah.
A few things worth knowing up front.
You probably don't need 20% down
This is one of the most common misconceptions. FHA, conventional, and down payment assistance programs can all mean a meaningfully lower cash requirement — see Loan Options for specifics.
Your credit doesn't need to be perfect
There are real paths forward at a range of credit levels. If yours needs work, that's useful to know now — not a reason to assume you're stuck.
Preapproval comes after clarity, not before
Getting preapproved is a real step, but it works best once you already understand your numbers and what payment fits your life.
Utah has down payment assistance programs
Several state and local programs exist specifically to help first-time buyers with down payment and closing costs. Worth exploring before assuming you need to save it all yourself.
First-Time Buyer FAQ
How much do I actually need saved to buy my first home?
It depends heavily on the loan program, the price point, and any down payment assistance you use. Many first-time buyers need far less than they assume — worth running your specific numbers rather than guessing.
What credit score do I need?
Minimums vary by program and lender, and guidelines change over time, so there isn't one universal number. If your credit needs work, there's usually a concrete path to get it where it needs to be.
Do I need a real estate agent before I talk to a lender?
It's usually the other way around — understanding your financing first means you shop for homes and negotiate offers with real clarity. A great agent is still essential once you start looking.
What's the biggest mistake first-time buyers make?
Falling in love with a house before understanding the real, full monthly cost of owning it — payment, taxes, insurance, and maintenance together.
Let's figure out your first step.
No pressure, no assumption that you're ready to apply today. Just a real conversation about where you stand.