5% of Purchase Price with 10-Year Repayment
Higher assistance amount (5% vs 3.5%) for buyers who can support monthly payments. 600 minimum credit score, no income restrictions. Repaid over 10 years.
Assistance
5%
Term
10 Years
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
- ✓ Ability to support monthly payment
Property Requirements
- ✓ 1–2 unit SFR, PUD, townhome, approved condo, or manufactured home
- ✓ Located anywhere in Washington County
- ✓ New or existing homes eligible
When to Choose PLUS Over Home
Choose Settlers Fund PLUS if:
- ✓ You need maximum down payment assistance (5% > 3.5%)
- ✓ Your budget supports the additional monthly payment
- ✓ You plan to stay in the home long-term (no forgiveness benefit needed)
- ✓ You want predictable, fixed payments over 10 years
Choose Settlers Fund Home if:
- ✓ You prefer 0% interest and $0 monthly payments
- ✓ You want the grant forgiven after 36 payments
- ✓ You may sell or refinance within 3–5 years
- ✓ Monthly cash flow is tight
Key Details
- ✓ 5% of purchase price provided at closing
- ✓ Monthly payments required for 10 years (120 payments)
- ✓ 0% interest on the assistance amount
- ✓ No forgiveness — full balance repaid over 10 years
- ✓ No income limits, 600 min credit score
- ✓ Can layer with other programs (confirm with lender)
Connect with Dan Stewart
Need the higher amount? Check PLUS fit.
Dan Stewart helps you run the numbers on Settlers Fund PLUS vs. Home vs. layering with state programs for your Washington County purchase.
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. Monthly payment amount depends on assistance amount. Confirm current terms with Washington County or a participating lender.