Home Loans California - Arizona - Utah

USDA home loans in St George, Utah are home loans guaranteed by the United States Department of Agriculture (USDA) provide affordable financing options for properties located in designated small towns, suburbs and exurbs. This program helps eligible low- to moderate-income families achieve home ownership by offering a no down payment option. The good news! Many great desirable areas just outside of St George, Utah is eligible zoning for the USDA rural development home loan.


The USDA loan program in St George, Utah was created to improve the economy and the quality of life in rural America. The USDA offers a 90% loan guarantee on RHS loans. Since that high percentage reduces risk, Financial Concepts Mortgage provides 100% loan financing with no down payments and low interest rates for qualified rural homebuyers. We’re happy to help homeowners in rural St George, Utah purchase primary residences that are safe, decent, and sanitary. 

USDA home loans in St George, Utah Benefits:

  • 100% financing + required guarantee fee = 101% of the appraised value
  • Low FICO score requirements
  • Low interest rates
  • Reduced closing costs
  • Gift funds can be used for closing costs
  • 30-year, fixed-rate mortgage


In order to qualify for a USDA loan in St George, Utah, you must meet specific requirements. Homebuyers must meet the USDA’s “ability to pay” standards, which include holding a steady job and income proven by tax returns, having a credit score of at least 640, although this can vary by lender, and having a debt-to-income ratio of 41% or less. Other requirements include: 

  • Family income cannot exceed the limits set for your area 
  • You cannot make more than 15% above the local median salary 
  • Property must be located within eligible rural areas 
  • Loans can be used for single-family homes only (no duplexes) 
  • Mortgage insurance is required for USDA loan applications 


USDA Guaranteed Rural Housing Loans Applying for USDA Loans

We offer USDA Guaranteed Rural Housing Loans. These loans are designed to help families without adequate housing finance the purchase of a home in a rural area. Applicants may have incomes up to 115% of the area’s median income and must be able to afford mortgage payments, including insurance and applicable taxes. Credit score is also considered in the application process.

The duration of a USDA Guaranteed Rural Housing Loan is 30 years, with an interest rate determined by the lender. No down payment is required, which sets these loans apart from more traditional home loans.

To get started on your USDA home loans in St George, Utah please contact Nathan Rufty at 909-503-5600

Posted by Nathan Rufty on July 29th, 2021 11:01 AM

Getting a home loan in St George Utah can sometimes be a pain, especially if your credit is less than perfect. But if you are a veteran and need a loan, you have other options. As a veteran you have certain benefits that normal citizens don't have, one of these is veterans' loans. These loans are a way for the country to show the appreciation for what you've done, and can be very beneficial to ex-military personnel. Here are a few things you should know about these loans.

First off, your time in the military will be considered when you apply for the loan. If you've served an adequate amount of time, usually between ninety and one hundred and eighty days of active duty, depending on the situation, you can qualify for the loan. Your form of discharge will also be considered. If you have the black mark of a dishonorable discharge, you'll probably be declined in your loan request. The stipulations are not overly strict, but they are definitely there, so remember that when you make your request.

The next important factor of any loan is your credit. With a traditional loan your credit score usually determines whether or not you can get the loan, and the rate of interest you'll be paying. Veteran's loans are a little bit different. Rather than looking at your overall score, they will look at the past twelve months of payments. If they were made in a timely fashion, chances are you'll get a better rate and qualify more easily for the loan. Veterans' loans are great ways to get the money you need if you've had financial difficulties in the past and are still suffering from the fallout.

Veterans Home loans in St George Utah or VA loans are a special type of home mortgage reserved for active military members and veterans. These home loans are guaranteed by the U.S. Department of Veterans Affairs and offered by participating approved lenders.  VA loans allow eligible veterans and active military personnel to realize their home buying dreams and help existing VA homeowners with money-saving refinance options.

VA Loan Benefits

  • No penalty fee if you pay the loan off early
  • No private mortgage insurance requirements
  • Less than perfect credit can apply
  • VA may be able to provide some assistance if mortgage payment problems arise

Who is Eligible For A VA Loan?

  • Active-duty military
  • Veterans
  • Reservists and members of the National Guard
  • Some surviving spouses of veterans

These eligibility requirements are unique to VA loans. In addition to past or present military service, standard home loan criteria like your credit score and income will also play a role in your eligibility.

To get qualified for a VA home loans in St George Utah call Nathan Rufty at (909) 503-5600

Posted by Nathan Rufty on July 21st, 2021 1:40 AM

In St George Utah, Home ownership rates continue to increase at a steady rate by the help of implementation of FHA home loans. FHA has helped Americans gain the financial independence that comes with having a home. Since the beginning of the program which is in the 1930's, the FHA has insured over 33 million home mortgages. At the current time, you can find over 800,000 homeowners opted in for this program. If you've been searching for a mortgage loan you might have seen or been offered a FHA mortgage loan. 

FHA is short for Federal Housing Authority which is actually a division of the department of Housing and Urban Development (HUD). The FHA is responsible for administering various federal housing programs, one of these is the FHA mortgage loan program. An FHA loan is often a regular mortgage loan that the Federal Housing Administration protects with respect to the borrower against a default on the loan. Loan providers who issue mortgages with the FHA program have that extra level of protection and as a consequence are more inclined to issue a mortgage loan. The major advantage to a FHA home loan is the fact that credit criteria for a first-time borrower usually are not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). What this implies to you is the fact that an FHA mortgage loan can be simpler to obtain when compared to a regular loan.

St George Utah FHA Home Loan Features


  • 3.5% down payment on purchase transactions
  • Down payment may be comprised of all gift funds
  • Loans can be used in conjunction with eligible government down payment assistance programs
  • Non-traditional credit allowed
  • Property must be owner-occupied

Somebody that may have had a few credit problems or no traditional credit should not find it difficult obtaining FHA financing. Also, FHA home loans are assumable, allowing a person to take over the mortgage with no extra cost of getting a new loan. Additionally, the seller or lender must pay for part of the "traditional" closing costs which is called non-allowable costs while a borrower's allowable costs can partially be wrapped into the loan. The monthly mortgage insurance premium is cheaper for an FHA loan compared to a conventional loan with 3% down. Finally, FHA loans may require less income to qualify as they will exceed the Conventional debt ratios of 28/36% as their standard is 29/41%.

FHA loan carries no prepayment penalty, in case you are ready to repay your mortgage early you will not face penalties and fees for it. All loan providers that involved in the FHA program are needed to maintain the origination fees below 1 % of the loan value. And also this could help you save money and make closing costs down. While we're talking about closing costs, the FHA may also help finance your closing costs plus they offer mortgage insurance at the same time. All these positive aspects have made FHA mortgage loans an extremely attractive choice for many applicants.

An FHA mortgage is ideally suitable for low to middle income homeowners and was developed to help those in this income bracket be eligible for a home loan and benefit from the benefits of home ownership. In order to be participating in the FHA program, applicants do need to meet certain criteria and make application for the loan via a FHA approved lender. The fundamental guidelines for involved in an FHA mortgage require the borrower to possess an good credit rating history, adequate funds for no less than a 3% down payment as well as your total housing costs can't be above 29% of your gross monthly income.

To get started call Nathan Rufty at 909.503.5600


Posted by Nathan Rufty on July 14th, 2021 10:20 AM

Provo, Utah Veterans and Active Duty service members can utilize the benefits afforded to them by the VA Home Loan Program to buy or refinance a personal home.  A VA Mortgage provides them the opportunity for a no down payment home purchase, along with less stringent qualification requirements.

In addition to 100% financing of a home purchase, VA Home Loans do not have private mortgage insurance (PMI). Most VA loans are 30 year fixed rate loans at interest rates comparable to conventional 20% down loan programs.  The Veteran home buyer’s closing costs can be paid by the seller, and VA Loans have lower minimum credit score requirements.

To utilize Provo, Utah VA home loan benefits, you must be an active duty service member, veteran, or the spouse of a military member who has passed away in the line of duty or due to a service-related injury. While this is the general qualifier, there are other VA home loan requirements in Provo, Utah (and other states you may be considering buying in) based on both the Department of Veteran Affairs’ guidelines and the borrowing qualifications of your mortgage provider. 

As far as the VA is concerned, the parameters for VA loan eligibility revolve around the duration of service, duty status, and character of service. Individuals who have been discharged typically do not qualify. However, there are certain circumstances that may qualify for an exception, such as being discharged due to hardship or a medical condition. 

When it comes to borrower requirements, these guidelines typically pertain to your financial circumstances. At Griffin Funding, we have the following requirements for those who want to apply for a VA home loan in Provo, Utah: 

  1. Certificate of Eligibility (which we can help you obtain)
  2. 580 FICO score or greater 
  3. Must meet income qualification (not required for VA IRRRL)
  4. Pest inspection (not required for VA IRRRL)
  5. VA appraisal (not required for VA IRRRL)

To get qualified for VA home loans in Provo, Utah please contact Nathan Rufty at 909-503-5600.

Posted by Nathan Rufty on July 8th, 2021 7:57 AM

A number of factors are considered when determining an applicant’s eligibility for Single Family Direct Home Loans. At a minimum, applicants interested in obtaining a direct loan must have an adjusted income that is at or below the applicable low-income limit for the area where they wish to buy a house and they must demonstrate a willingness and ability to repay debt. 

USDA home loan benefits in Provo, Utah:

  • 0 Down Payment
  • Low Interest Rates
  • Low Monthly Mortgage Insurance
  • Flexible Credit Guidelines


Applicants in Provo, Utah must:

  • Be without decent, safe, and sanitary housing
  • Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet
  • Agree to occupy the property as your primary residence
  • Have the legal capacity to incur a loan obligation
  • Meet citizenship or eligible noncitizen requirements
  • Not be suspended or debarred from participation in federal programs


Properties in Provo, Utah financed with direct loan funds must:

  • Be modest in size for the area
  • Not have market value in excess of the applicable area loan limit
  • Not have in-ground swimming pools
  • Not be designed for income producing activities 
  • Borrowers are required to repay all or a portion of the payment subsidy received over the life of the loan when the title to the property transfers or the borrower is no longer living in the dwelling. 
  • Applicants must meet income eligibility for a direct loan. 


What is an eligible area in Provo, Utah? 

Generally, rural areas with a population less than 35,000 are eligible. 

USDA Home Loan in Provo, Utah funds usage?

Loan funds may be used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate, or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities. 

How much may I borrow?

The maximum loan amount an applicant may qualify for will depend on the applicant’s repayment ability. The applicant’s ability to repay a loan considers various factors such as income, debts, assets, and the amount of payment assistance applicants may be eligible to receive. Regardless of repayment ability, applicants may never borrow more than the area loan limit (plus certain costs allowed to be financed) for the county in which the property is located.

To get qualified for a USDA home loans in Provo, Utah please contact Nathan Rufty at 909-503-5600.

Posted by Nathan Rufty on July 8th, 2021 7:41 AM

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