Mortgage Services in Layton, Utah

 

Buying a Home in Layton, Utah

For buyers looking to purchase a home in Layton, we offer an extensive selection of mortgage products to ensure you find the ideal financing option. Whether you're a first-time buyer or experienced homeowner, our local knowledge and personalized approach will help you secure the best loan for your situation.

Curious about how much you can afford? Check out our Home Affordability Calculator for an instant estimate.

$10,000 At Home in Layton Down Payment Assistance Program

Are you a first-time homebuyer looking to purchase a home in Layton, Utah? The At Home in Layton Program provides up to $10,000 in forgivable grant money to help with your down payment, closing costs, or to reduce your mortgage principal. This incredible opportunity is available through the Layton City Development Block Grant Program, in cooperation with the U.S. Department of Housing and Urban Development (HUD).

How the Program Works

Qualified homebuyers can receive up to $10,000 in grant money that can be used towards:

• 50% of the required down payment
• Closing costs
• Mortgage principal reduction

The grant is forgiven in full if the homebuyer remains in the home for at least five years. If the home is sold, refinanced, or no longer occupied before five years, the grant must be repaid on a pro-rated basis.

Eligibility Requirements

To qualify for the At Home in Layton Program, applicants must meet the following criteria:

• First-Time Homebuyer: You must not have owned a home in the past three years.
• Location: The property must be within Layton city limits.
• Income: Your household income must not exceed 80% of the area median income for Davis County.
• Down Payment: You must contribute at least 50% of the required down payment.
• First-Come, First-Served: Grant funds are limited and distributed on a first-come, first-served basis.

How to Apply

Applying for the At Home in Layton program is straightforward. To get started, submit the following:

1. A completed At Home in Layton application (available through the Layton City website).
2. A pre-approval letter from a lender.
3. Copies of the most recent income tax returns for each household member.
4. The most recent two months of pay stubs for each working household member.
5. A signed purchase contract for the home.

Applications can be submitted in person, by email, or by mail to the Layton City Community Development Block Grant (CDBG) office.

Program Benefits

• Up to $10,000 in grant assistance for eligible first-time homebuyers.
• Forgivable after five years of homeownership.
• Helps cover 50% of down payment, closing costs, or mortgage reduction.

Contact Information

For more information about the At Home in Layton Program or to apply, contact the Layton City CDBG Administrator at:

• Phone: 801-336-3770
• Email: mcloward@laytoncity.org
• Address: 437 North Wasatch Drive, Layton City, UT 84041

Don’t miss this opportunity to make homeownership more affordable in Layton. Reach out today to learn more and start your application! We can help you fill out the application with Layton City.

See our complete guide to First-Time Homebuyer Programs.

Layton City Down Payment Assistance

Qualifying for Down Payment Assistance can significantly reduce your upfront costs when buying a home in Layton. We’ll work with you to determine your eligibility for these programs and help you through the application process.

Find more information on available Down Payment Assistance Programs.

FHA, VA, and USDA Loans

We offer a variety of government-backed loan programs, including FHA Loans for low down payments, VA Loans for veterans, and USDA Loans for rural areas near Layton. Each program offers unique benefits to make homeownership more accessible.

Learn more about our FHA, VA, and USDA loan options.

Reverse Mortgages

For Layton seniors who want to convert their home equity into cash, we offer Reverse Mortgages. Our team will guide you through the reverse mortgage process, helping you explore how this solution can provide additional financial security.

Learn more about our Reverse Mortgage programs.

Homestyle Renovation Loans

Upgrade your Layton home with a Homestyle Renovation Loan. This program allows you to bundle home improvement costs into a single mortgage, making it more convenient and affordable to complete your renovations.

For more details, compare this option with our FHA 203k Loan.

Home Equity Loans and No Down Payment Loans

We offer Home Equity Loans and No Down Payment Loans for eligible buyers in Layton. These options allow you to purchase a home or tap into your existing equity with minimal upfront costs.

Explore our options for No Down Payment Loans.

Community Lending Programs

In addition to traditional mortgage options, we offer Community Lending Programs that provide affordable homeownership solutions for Layton residents. These programs focus on providing low-cost loans and down payment assistance to help you achieve your homeownership goals.

Discover more about our Community Lending Programs.

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Refinance Options in Layton, Utah

We offer multiple refinancing options to help Layton homeowners lower their monthly mortgage payments, reduce their interest rates, or access cash from their home equity. Use our Refinance Calculator to see how much you can save.

203k Renovation Loans

Thinking about remodeling your home in Layton? A 203k Renovation Loan allows you to finance your home improvements as part of your mortgage. This is a great option for homeowners looking to upgrade their living spaces.

For a comparison of renovation loan types, visit our Fannie Mae Homestyle Renovation Loan page.

Construction and Lot Loans

Building your dream home in Layton? We offer Construction Loans and Lot Loans to help finance your new home from the ground up. Our flexible options ensure that you get the right loan for your project.

Learn more about our Construction Loans.

Rate Term and Cash Out Refinance

Take advantage of current interest rates with our Rate Term Refinance options, or tap into your home’s equity with a Cash Out Refinance. These options can help you lower your payments or get cash for other financial needs.

Visit our Cash Out Refinance page for more information.

FHA and VA Streamline Refinance

Our FHA Streamline Refinance and VA Streamline Refinance options provide a fast and easy way to lower your mortgage rate or adjust your loan terms. If you already have an FHA or VA loan, this option could help you save money with minimal paperwork.

Find out more about our FHA and VA Streamline Refinance programs.

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Get Started in Layton Today

Ready to start your home financing journey in Layton, Utah? At Cornerstone Home Lending, we offer personalized mortgage solutions that fit your needs. Contact us today to learn more about how we can assist with your home purchase or refinance.

Need more tools? Visit our Mortgage Calculator or explore our Rent vs Buy Calculator to plan your next step.

Let’s get started! Contact Us today to take the next step in your homeownership journey.