The more you put down, the lower your mortgage payment will be. In our Utah market, there are government backed programs and grants that allow you to buy a home with $0 down. Contact us for details on these options and to see if you qualify.
You can obtain financing with as low as a 500 credit score—though additional down payment and income guidelines may apply. Typically, anything above a 640+ score, you’ll be able to obtain favorable loan financing with a competitive interest rate.
You need to be careful when making offers on homes without knowing exactly how you’re going to fund the purchase. If you neglect to get pre-approval from a lender, when it comes time to complete your purchase you might realize you actually can’t afford the home you’ve offered or contracted to buy. In the pre-approval process, we review your credit, income, and employment history to determine if you have the ability to repay the loan needed to fund your purchase. Chances are that you qualify easily for the home you’re interested—others may need to take certain steps to put themselves in a position to be able to qualify for the mortgage loan needed to purchase the home.
Yes, of course! Please check with the local Wright Homes sales consultant, to see exactly what those incentives are for the specific community you’re interested in.
