Utah Housing's FirstHome Plus offers financial assistance for first-time homebuyers who do
not have personal or family finances with which to pay their downpayment and closing
costs. These costs generally average 5% - 6% of the home purchase price. Applicants can
borrow up to 6% of the amount of their first mortgage using a second mortgage that
will have the same term as the first mortgage, but an interest rate of 2% more than the first mortgage.
