3.5% of Purchase Price Forgiven After 36 Payments
3.5% of purchase price with zero interest and no monthly payments. After 36 on-time mortgage payments, the entire grant is forgiven — never needs repayment. 600 credit score, no income restrictions.
Assistance
3.5%
Forgiveness
36 Payments
Min Credit
600
Income Limits
None
Eligibility Requirements
Buyer Requirements
- ✓ First-time buyer (no ownership in 3 years) — primary borrower
- ✓ 600 minimum credit score
- ✓ Owner-occupied primary residence
- ✓ No income restrictions
Property Requirements
- ✓ 1–2 unit SFR, PUD, townhome, approved condo, or manufactured home
- ✓ Located anywhere in Washington County
- ✓ New or existing homes eligible
How the 36-Payment Forgiveness Works
Make 36 consecutive on-time mortgage payments
Payments must be on-time, no missed or late payments
Grant is 100% forgiven
No repayment ever required. No lien release needed — it's automatic.
If you sell/refinance before 36 payments
Unforgiven balance becomes due at closing
Settlers Fund Home vs. Settlers Fund PLUS
| Feature | Settlers Fund Home | Settlers Fund PLUS |
|---|---|---|
| Assistance Amount | 3.5% of purchase price | 5% of purchase price |
| Interest | 0% | 0% |
| Monthly Payments | None | Yes (10-year term) |
| Forgiveness | After 36 on-time payments | No forgiveness — full repayment |
| Min Credit Score | 600 | 600 |
| Income Limits | None | None |
Choose Home for forgiveness, PLUS for higher amount if you can afford monthly payments.
Connect with Dan Stewart
Which Settlers Fund fits your purchase?
Dan Stewart helps you compare Settlers Fund Home vs. PLUS and layer with state/city programs for maximum Washington County buying power.
Phone: 435-862-3242
Email: washingtoncountyproperties@gmail.com
Serving: St. George and greater Washington County, Utah
Private 3-minute intake
Build My First-Time Buyer Game Plan
Share planning ranges—not account numbers. Your location is used only to understand the market where you hope to buy and the services that may be available there.
Program details subject to change. Confirm current eligibility and terms with Washington County or a participating lender.