How much do I need for a down payment?

It depends on the loan. Some loans allow a small down payment, and some, such as VA loans for eligible veterans, may allow none. Your lender can tell you what applies to you.

Should I get pre-approved before I look at homes?

Yes. A pre-approval gives you a realistic price range and shows sellers you are ready.

How are you paid when I buy?

We talk about it before you tour homes and put it in a written buyer agreement, so there are no surprises.

BUYING · FIRST HOME

How do I buy my first home in Utah?

Last updated October 28, 2026

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The short answer

Start with your budget and a lender conversation, then tour homes. In order: learn where your credit, income and debt-to-income ratio stand, get pre-approved by a lender, decide your must-haves, tour homes, make an offer with earnest money, get an inspection and appraisal, then close. I will walk you through each step in plain English.

What should I do before I tour homes?

Check your credit reports for errors.
Know the monthly payment you are comfortable with, not just the biggest loan you can get.
Get pre-approved by a lender so sellers take your offer seriously.
Save for a down payment, closing costs and a cushion for after you move in.
Write down your five must-haves. They can change once you see homes.

How do offers and earnest money work?

When you find a home, we write an offer that covers the price, earnest money, financing, deadlines and any items you want included. In Utah, most home offers use the state-approved Real Estate Purchase Contract, which sets deadlines for things like due diligence, financing and the appraisal.

Earnest money is a deposit that shows the seller you are serious. It is usually held by a title company or brokerage and counts toward your costs at closing. Whether you get it back if the deal falls through depends on the contract and its deadlines, so we keep a close eye on those dates.

What are closing costs?

Closing costs are the fees to finish the purchase, separate from your down payment. They can include lender fees, title insurance, settlement fees, prepaid interest, property taxes and homeowners insurance. Your lender gives you a Loan Estimate early on and a Closing Disclosure at least three business days before closing, so you can compare.

Are there programs for first-time buyers?

Yes. Utah Housing Corporation and some cities offer down payment help and special loan programs, and FHA, VA and USDA loans can need smaller down payments. Rules, limits and availability change, so ask your lender which programs you qualify for.

Frequently asked questions

This page is general information, not legal, tax or financial advice. Value estimates are opinions of value, not appraisals. Talk with a qualified attorney, tax professional or lender about your situation.