VA allows a veteran to purchase a new home with no down payment. There is no monthly mortgage insurance premium required on a VA loan. Currently, VA loans are only offered on a fixed rate loan. Many loan programs may fit a first time buyer depending on your situation. No down payment is required.
Closing costs are able to be gifted by a family member and part can be paid by a willing seller.
Mountain America is also an approved Utah Housing Finance Agency lender. Utah Housing loans offer lower than market interest rates for first time buyers who meet certain income limitations. These loans can be either FHA or VA insured. Contact a loan officer for more information on these and other first time buyer programs. If you are looking to build your home from the ground up, Mountain America Credit Union offers great terms on construction loans.