First-Time Homebuyer Program

Make your dream of homeownership a reality with our 100% First-time Homebuyer program.  

  • No Down Payment  
    No need to stress over a hefty down payment. Purchase your home with no down payment required.    

  • No Mortgage Insurance  
    With no mortgage insurance required, you can save more and reduce your monthly expenses.    

  • Low Rates & Fees  
    Our competitive rates and minimal fees help to make your home more affordable.    

Cyprus Credit Union's team of home loan experts is here to guide you and ensure a smooth and stress-free experience. Reach out today and take the first step toward owning a home of your own! 



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Homebuyer Assistance Programs

Curious if you qualify for a Homebuyer Assistance Program? Let a Cyprus home loan advisor help. Let one of our experts know you’d like a Utah Housing loan through Cyprus Credit Union.

Utah Housing Corporation $20K Program Assistance

Utah Housing Corporation is offering up to $20,000 in assistance to first-time homebuyers. Known as the Program Assistance loan or “Program Assistance,” this limited offer is available to Utah residents who close on new construction or newly constructed homes after July 1, 2023. Other conditions and qualifications apply.

  • Program Assistance must be provided by participating lenders. Cyprus Credit Union is a proud participant of Utah Housing Corporation.
  • Provides funding at 0% interest and no monthly payments.
  • Available on purchases up to $450,000.
  • Borrower must be a Utah resident for at least 12 months before closing.
  • Funding available on eligible property types, including detached single-family homes, condominiums, and townhomes.

For full details, FAQs, and eligibility requirements, visit Utah Housing Corporation online.

Get Preapproved

Submit your application for preapproval below. Upon approval, Cyprus Credit Union may submit a Program Assistance reservation for you once Utah Housing Corporation begins accepting requests (we anticipate this will be within the next several weeks).  

Utah Home Start Grant

Get up to $5,000 to buy a home

Homebuyers in Utah have the opportunity to buy a home using government grant money for down payments and closing costs. Call or meet with a Mortgage Advisor to see if you qualify for a Home Start Grant at 801-260-7605.

 Home Start Grant Details:

  • May be used for down payment or closing costs
  • May be used in conjunction with other grants or credits
  • Available to borrowers who have not owned a home in the past three years (some exception may be made)
  • 5-year retention period. If the property is sold or refinanced within the first 5 years following loan closing, the borrower must repay a prorated portion of the grant funds.
  • Borrowers must complete a homebuyer training class (may be done online)
  • Loan subject to approval. Other restrictions and qualifications may apply.


Have Questions?

We’re here to help! Enter your contact information below. One of our advisors will reach out to set up an appointment and answer your questions.

Home Banking


Apr As Low As 8.50%

Fixed Rate 2nd Mortgage

Apr As Low As 7.49%
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The products and services on this page are offered through LPL Financial or its affiliates by Registered Representatives of LPL Financial. These products and services are not credit union deposits, not credit union guaranteed, not insured by NCUA or any other government agency, and may lose value. Cyprus Credit Union is a separate entity and is not affiliated with LPL Financial.
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