Jon Penman | From No Money Down to Jumbo Loans: Financing Your Dream Home

Are you eager to move but feeling overwhelmed by the loan process? In this episode of Buying Salt Lake, we chat with lending expert Jon Penman, who breaks down the various loan programs available to aspiring homebuyers. From no-money-down options and down payment assistance programs to grants for those who have served, Jon shows how these resources can help turn your homeownership dreams into reality.

He explores the Utah Housing Loan, conventional loans, and an exciting grant program that only requires a simple declaration of service—regardless of how small. Additionally, Jon sheds light on Jumbo loans, which now offer competitive rates contrary to past perceptions, especially when borrowers opt for the borrower-paid compensation option.

Episode Highlights:

• Overview of the Utah Housing Loan and down payment assistance programs

• The evolution and significance of Down Payment Assistance (DPA)

• Insights into various DPA options, including conventional loans and seller concessions

• Unique grant programs for individuals who have served in any capacity, including community service

• Discussion on Jumbo loans, their benefits, and strategies for maximizing borrower advantages

This episode is filled with valuable insights for potential homebuyers. Jon emphasizes the urgency of seizing the moment to buy a home, showcasing how diverse loan options can empower first-time buyers. If you're uncertain about your eligibility or the loan process, reach out to Jon for personalized guidance. Taking action now could save you from higher costs down the road!