Utah Home Grant Programs
First Time Home Buyer Programs
Are you a Utah first time home buyer looking for that first time buyer grant program, but are unsure where to begin? Is there a Utah down payment grant program that can help me with? How much money do I need to save to purchase a home? What if I need government mortgage assistance program? The State of Utah is very supportive of first time home buyers and offers an assortment of mortgage grants for homes and down payment assistance programs to help you realize your dream of home ownership. Utah has many cities and counties that participate, however with the assistance of a seasoned and knowledgeable mortgage professional the process of finding the RIGHT housing grant program for you will be hassle-free.
This website will give you access to all of the current Utah first time homebuyer programs, down payment assistance, zero down and grants for buying a home. The search found below will assist you in researching all of the available programs and in which area they are located. Including: “The Chenoa Fund”, “Own in Ogden”, Own in Provo”, “Utah Housing Corp”, and many other government & local agency down payment assistance programs.
Found 22 Results
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West Valley First Time Home Buyers Grant Program
If you are a Utah first time home buyer looking to buy a home in West Valley City Utah a $14,999 government grant program can help make buying a home a little easier. The West Valley Down Payment Assistance Program (DAP) offers funds to help low to moderate income families realize their dream of owning a home. The funds are provided by HOME funds and the CDBG and may be used for down payment and/or closing costs. This West Valley grant does not have to be repaid so long as the homeowner resides in the home for at least five (5) years and doesn’t refinance, transfer title, or sell the home. Funding is limited for the down payment assistance program and is distributed on a first come, first serve basis. Qualifications Requirements: Buyer must contribute a minimum of $4,000 towards the purchase of the home. $2,000 can be gifted by a family member and $2,000 must come from the buyer. Maximum purchase price not to exceed $387,000 A Grant Technician will review the application and occupancy status Home must pass a lead-based paint and safety inspection An eligible home will be vacant, owner occupied, and/or not used as a rental in the last six (6) months VERY IMPORTANT: Applicant must complete a First Time Home Buyer class, receive a certificate AND be approved with a state approved lender for a first mortgage BEFORE an offer is made on a home. Failure to meet these requirements will result in the grant being denied.
Tags: down payment assistance, First Time Buyers Programs, Grant Money, No Down Payment, Salt Lake City Home buying, Utah Home Grants
December 20, 2017
West Jordan, Utah $10,000 First Time Homebuyer Grant Money Program
The City of West Jordan, Utah is providing up to $10,000 for first time homebuyers that purchase a home within West Jordan City limits. This grant may be applied to half of the required down payment and/or one-time closing costs. Funds are distributed on a first-come, first-serve basis. The home buyer must occupy the home for at least five (5) years following the purchase, any change in ownership or occupancy will require repayment of the grant funds. After five (5) years the grant is forgiven in full. If the home is sold or ceases to be occupied by the home buyer within the first five (5) years the lien is forgiven at a rate of 20% per completed year and the balance remaining will be due in full to the City. Qualifications & Requirements: Home buyer must contribute a minimum of $2,500 cash out-of-pocket towards the purchase, these funds may NOT be gift funds Applicant must meet income qualifications and cannot have owned a home within the last 24 months Co-signers are not allowed Existing, new construction single-family homes, condos, and townhomes are permitted Housing debt cannot exceed 35% of the household monthly income and total debt cannot exceed 45% of the household monthly income Home must be owner occupied Applicant must attend and receive a completion certificate from a HUD approved homebuyers education class Visual inspection completed by the City for any safety or health concerns
Tags: down payment assistance, First Time Buyers Programs, Grant Money, No Down Payment, salt lake county, Utah, Utah first time buyers, West Jordan Utah
December 23, 2017
Weber County Utah $5,000 Grant Money Down Payment Assistance
Own in Ogden First $10,000 Time Buyer Grant ProgramWeber County, first time buyers program in conjunction with the Community Development Block Grant Program, has been given government grant money for first time homebuyers looking to buy a home in Weber County. Eligible applicants are provided with Weber County Grant Money funds that can be used for closing costs and/or down payment towards a home. The offered assistance in the amount of $5,000 is secured as a lien against the property for five (5) years, after five (5) years all $5,000 will be forgiven. Qualifications & Requirements: Buyer must provide a minimum of $2,000 of own funds Property must be purchased in Weber County (excluding Ogden—see “Own in Ogden”) First time homebuyers only (no home ownership in the last 3 years) Housing counseling program completed Must not have made an offer on a home without prior approval Must qualify with an approved FHA lender
Tags: Down Payment, First time buyer programs, Grant Money, Ogden, Weber County
December 19, 2017
Utah Rural Housing Zero Down Program
Although, the Utah rural housing program is technically not a down payment assistance program it is an excellent way to get into a home without a down payment. This program assists low and moderate income households the opportunity to own their own home with 100% financing to those that qualify. It is also called the USDA Guaranteed loan program and a is a Federal program offered through the United State Department of Agriculture. When calculating payments you must include an “annual fee” that is charged monthly, however the annual fee is usually less than most mortgage insurance payments. Utah USDA Qualification and Requirements* Be withing USDA Set Income Limits Purchase a home in a USDA set geographical area Have minimum credit score of 640 24 month income history Home must be in good repair and fit USDA requirements *All applicants must show repayment ability, have a reasonable credit history and must meet other program requirements. Not all who apply will qualify
Tags: First time buyer programs, No Down Payment, Rural Housing, USDA, USDA Rural Housing, Utah First Home, zero down
January 11, 2018
Utah Housing Score Loan
The Utah Housing Score Loan is Utah mortgage loan program for borrowers who do not meet the minimum Fico requirement of the FirstHome or HomeAgain loan. For the Score Loan Utah Housing Corporation has set a 620 mid score for the minimum fico score. You still must be able to qualify and meet all the requirements for an FHA backed mortgage. The DPA portion allows for up to 4% of the FHA first mortgage loan in the form of a fixed rate second lien and can go towards down payment and/or closing costs. The property must be owner occupied and throughout the term of the UHC loan no portion of the property may be rented. Qualification and Requirements:* Must qualify for an FHA loan Minimum of 620 mid Fico score Purchase loans only 4% of the first loan amount is available for DPA May be used anywhere in Utah Must follow maximum income limits Debt ratio will be limited to a maximum of 45% Homebuyer Education required within 90 days of closing Maximum income limit is $95,800 No maximum purchase price
Tags: Grant Funds, Utah first time buyer grants, Utah first time buyers, Utah grant programs, Utah Home Grants, Utah Housing Corp, Zero down payment
January 3, 2018
Utah Housing HomeAgain Loan
The Utah Housing HomeAgain Loan can be used by first time homebuyers or buyers that have previously owned a home. It allows for 2+ units as long as one is owner occupied. It is a great mortgage for anyone who does not have or does not want to put an initial down payment on a home. The DPA portion allows for up to 6% of the FHA first mortgage loan in the form of a fixed rate second lien to go towards down payment and/or closing costs. Qualification and Requirements:* Must qualify for an FHA loan Minimum of 660 mid Fico score Purchase loans only 6% of the first loan amount is available for DPA May be used anywhere in Utah Maximum qualifying income limit $134,100 No maximum purchase price
Tags: down payment assistance, Grant Money, HomeAgain, No Down Payment, Utah, utah DPA, Utah first time buyers program, Utah Home Buyers Grant, Utah Home Grants, Zero down payment
Utah Housing Freddie Mac HFA Loan
The Utah Housing Freddie Mac HFA Loan is not just a first time homebuyers program. This Utah down payment assistance (DPA) program allows for first time buyers and previous homeowners. It is also the only conventional Freddie Mac program they offer currently. To qualify you must have a minimum of a 700 fico score and be able to qualify for a conventional mortgage. The DPA is 6% (up to $25,000) of the first mortgage amount and can be used for down payment and/or closing costs. The property must be owner occupied and throughout the term of the UHC loan no portion of the property may be rented. Qualification and Requirements:* Purchase loans only 6% (up to $25,000) of the first loan amount is available for DPA May be used anywhere in Utah Maximum income limits $134,100 Debt ratio will be limited to a maximum of 50% Homebuyer Education required Single family units only
Tags: down payment assistance, Grant Funds, Grant Money, No Down Payment, Utah first time buyer, utah first time buyers programs, Utah home grant, Utah Housing, Zero down payment
Utah Housing FirstHome Loan
The Utah Housing First Time Buyer Program called FirstHome Loan is a great program for any first time buyer. The Utah housing First Time Buyer Program allows for up to 6% of the first mortgage loan as down payment assistance (DPA). This DPA is in the form of a 30 year fixed rate second loan. The DPA can be used for down payment and/or closing costs for the FHA first mortgage. You must be a first time buyer and be able to qualify for an FHA mortgage. Qualification and Requirements:* Must qualify for an FHA loan No Portion of the property may be rented throughout the term of the UHC Loan 6% of the first loan amount is available for DPA Minimum of 660 Fico score No geographical restriction in Utah See below for income and max purchase price Income and Purchase Price Limits for Utah Housing Loans Loan Program (FHA/VA Loan) Counties Family Size 1-2 Income Limit Family Size 3+ Income Limit Purchase Price Limit FirstHome Beaver, Cache, Carbon, Daggett, Emery, Grand, Millard, Rich, Sevier, Uintah $95,800 $110,100 $349,500 FirstHome Box Elder $99,400 $116,000 $536,900 FirstHome Davis, Morgan, Summit, Wasatch, Weber $120,600 $140,700 $536,900 FirstHome Duchesne, Garfield, Iron, Kane, Piute, San Juan, Sanpete, Wayne $114,900 $134,100 $427,100 FirstHome Juab, Utah $114,900 $134,100 $516,100 FirstHome Salt Lake $102,400 $117,700 $434,700 FirstHome Tooele $99,400 $114,300 $434,700 FirstHome Washington $95,800 $110,100 $400,300
Tags: down payment assistance, First Home DPA, First Home Grant, FirstHome, Grant Funds, Grant Money, Salt Lake City Home buying, utah DPA, Utah First Home, Utah first time buyer grants, Utah first time buyers program, utah first time buyers programs, Zero down payment
Utah Housing Corporation Down Payment Assistance
The Utah Housing Corporation offers several options for down payment assistance programs for first time buyers and buyers who have previously owned a home. Utah legislation created the Utah Housing Corporation (UHC) in 1975 to serve the public to provide an adequate supply of money with mortgage loans at a reasonable interest rate. This Utah mortgage homebuyer program is very helpful with low to moderate income families. Since the UHC was created it has grown to offer five different types of programs. Each program has its unique advantages and helps Utah home ownership grow. You can explore each loan by clicking the link below. FirstHome Loan HomeAgain Loan Score Loan NoMI Loan Utah Housing Corp. FHA Streamline Refinance
Tags: down payment assistance, First Time Buyers Programs, FirstHome, HomeAgain, NoMI, Score, Utah first time buyer grants, Utah first time buyers program, utah first time buyers programs, Utah Home Grants, Utah Housing, Utah Housing Corp, Zero down payment
Tooele, Utah $10,000 First Time Buyer Program
The Tooele County Housing Authority (TCHA) helps qualified first time home buyers purchase a home by providing a federally funded loan of up to $10,000 to assist with down payment and/or closing costs. Loans are dispersed on a first come, first serve basis and can be applied to the purchase of a single-family home, condo, cooperative unit, or combination of manufactured housing and lot. Qualifications & Requirements: No homeownership in the last three (3) years Applicant must contribute $1,000 of own money Applicant must attend a Housing and Urban Development (HUD) approved homebuyer education class and provide a certificate of completion A home inspection completed by a Utah licensed home inspector for health and safety concerns and lead-based paint for homes built prior to 1978 Home must be located in Tooele County
Tags: First time buyer, First Time Buyers Programs, Grant, Grant Funds, Grant Money, No Down Payment, utah first time buyers programs, Utah grant programs, Zero down payment
December 20, 2017
The Chenoa Fund
The Chenoa Fund is an affordable housing program that provides a down payment solution in conjunction with FHA loans. It fulfills a need for qualified homebuyers that do not have or do not want to use their own funds for a down payment. There are three different programs available to fit most homebuyer’s unique needs. The three programs are Grant/Gift, Forgivable Soft Second & the Repayable Second. Find out more about each program: Grant/Gift Forgivable Second Repayable Second
Tags: Chenoa Fund, down payment assistance, first time buyers program, First Time Buyers Programs, High income limits, No Down Payment, no income limits, Utah first time buyer, Utah first time buyers program, Utah Home Grants, Zero down payment
January 6, 2018
Salt Lake Neighborhood Home Grant
If yu are a Utah first time homebuyer looking for a home in Salt Lake City, a $39,000 neighborhood down payment assistance grant is available. The “Own in Salt Lake City” program is a federally funded, deferred loan/grant program. This program assists eligible first time homebuyers purchase single family homes with a deferred loan/grant up to $39,000. If you are purchasing outside of Salt Lake City you may qualify for the Salt Lake County First Time Buyer Program. Qualifications & Requirements for Salt Lake City Home Grant: • Must purchase within Salt Lake City boundaries• Actual grant amount will be determined on the funds needed to close determined by the loan applicant qualifies for. Receiving the maximum grant amount is not guaranteed.• Deferred loan funds shall be repaid by the recipient in full if the homeowner sells; exchanges or transfers title; refinances for any other reason than to lower interest rate; or ceases to occupy to property as primary residence before the forgiveness term is satisfied. • Purchase price cannot exceed $522,500• Must be a first time homebuyer (no home ownership in the last three years)• Visual assessment must be completed• Applicant must complete a homebuyer education course and pre-purchasing counseling• Must be below maximum income limits
Tags: First Time Buyers Programs, Salt Lake City Home buying, Utah Home Grants, Zero down payment
November 30, 2017
Salt Lake County First Time Buyer Program
The “Own in Salt Lake County” first time home buyer program is a federally funded deferred loan/grant program that can provide up to $20,000 which can be applied to the 50% of required down payment. The goal of this government assistance program is to offer income-eligible households grant funds to help purchase a single-family home. Deferred loan funds shall be repaid in full by the recipient if the homeowner sells; exchanges or transfers title; decides to refinance for any other reason than to reduce their interest rate; or ceases to use the property as the primary residence. There are a limited amount of government grant funds available and they are distributed on a first-come, first-serve basis and take an average of 25 to 30 days to fund after a Letter of Commitment has been issued. Qualifications & Requirements: No home ownership in the last three (3) years Home must be in a residential zone, single family residence only Max purchase price $522,500 Applicants must contribute 50% of required down payment into the transaction. A minimum of $1,000 must be from applicants own personal liquid funds. Applicants must complete a home buyer education course and pre-purchase counseling Co-owner, co-borrower or co-signors are accepted, Community Development Corporation of Utah (CDCU) must be informed in writing if they are not on the initial “Own in Salt Lake County” application A visual assessment must be completed by CDCU or assigned agent for any safety or health concerns Income restrictions apply
Tags: down payment assistance, First time buyer, First time buyer programs, Grant, Grant Money, No Down Payment, salt lake, Salt Lake City Home buying, salt lake county
December 20, 2017
Own in Ogden First $10,000 Time Buyer Grant Program
The “Own in Ogden” first time homebuyer program has helped hundreds and hundreds of people realize their dream of owning a home in Ogden. This government grant program offers $10,000 to first time buyers, $15,000 to state certified K-12 classroom teachers and $20,000 to sworn Police Officers and Firefighters when purchasing a home in Ogden city. These are zero interest, no monthly payment, down payment assistance grants. These grant funds are issued to first time home buyers as a loan attached to the property which will become due in full if the borrower ceases to occupy the property, sells the property or defaults on any of the established terms upon receiving the grant funds. Qualifications & Restrictions for “Own in Ogden”: Property must be zoned residential Buyer must contribute $500 of own money towards purchase and take fee simple title to property First time homebuyer grant funds may be used for down payment, closing costs or principal reduction towards the first mortgage loan balance Property must meet minimum safety, construction, and habitability with no unresolved code enforcement violations Buyers assets in excess of $20,000 must be applied towards the home purchase Buyers must purchase property within the eligibility area of Ogden city
Tags: down payment assistance, First time buyer, First time buyer programs, Grant, Odgen, Own in Ogden, Utah, Zero down payment
December 19, 2017
Davis County $5,000 Home Buyer Grant
Davis County offers a down payment assistance program for all qualified first time homebuyers. Applicants can obtain $5,000 to assist with closing cost and/or down payment when they apply for this government grant money. The funds will be treated as a zero interest, no monthly payment loan as long as you occupy the home for at least five (5) years. The grant funds received through this program will be forgiven at a declining rate over a five (5) year residency requirement from the date of closing and will be fully forgiven after five (5) years. Repayment will be required if the buyer sells, exchanges or transfers title, or obtains additional financing secured by the property. Qualifications & Requirements: Qualified properties must be zoned residential and are restricted to single family homes, condos, townhomes, cooperative unit, or a combination of manufactured housing and lot Home located in Davis County (not including Fruit Heights, South Weber, Layton, and Clearfield) No gift funds or co-signers allowed Purchase price cannot exceed $400,000 Applicant must provide a minimum of ½ of the required down payment The $5,000 in grant money can be applied to ½ the down payment, closing costs, or upfront mortgage insurance Must meet first time home buyer parameters A HUD approved homebuyer education course must be completed and a completion certificate received by the applicant Purchase of property may not lead to displacement of any individual other than the seller and their immediate family FHA, VA, or conventional financing must be secured through a state approved lender Purchase property will receive a visual assessment for lead based paint and any other safety or health concerns
Tags: Davis County, down payment assistance, First Time Buyers Programs, Grant, Grant Money, No Down Payment
December 20, 2017
Clearfield Utah $7,500 Homebuyer Grant Program
Clearfield City’s Down Payment Assistance (CCDP) is a federally funded first time home buyer grant program that will contribute up to $7,500 to qualified applicants looking to buy a home in Clearfield. The grant funds are distributed as a one (1) to one (1) match. For example: Applicant has a $5,000 to put towards the purchase of a home within Clearfield city limits, the CCDP will contribute $5,000 towards the home. Applicant must contribute a minimum of 50% of required funds and the grant funds can be used for down payment and/or closing costs. Grant funds are treated as a payment free, interest free loan in the beginning and then begin to decline over the next seven (7) years. 10% of the loan is forgiven each year over the next six (6) years as long as you live in the home as your primary residence. After seven (7) years the balance in full is forgiven. In order for the entire amount to be forgiven, proof of residency must be provided for each year for the first seven (7) years in the form of utility billings and property tax notices. Qualifications & Requirements: No home ownership in the last three (3) years Residential use property within Clearfield City limits Single family detached homes, condos and townhomes eligible First time homebuyer education course completed Homebuyer contribution of a minimum of 50% of required down payment and/or closing costs Visual inspection completed for safety and health concerns Forgiven after proof of seven years of owner occupancy Max purchase price $400,000
Tags: Davis County, down payment assistance, First Time Buyers Programs, Grant, Grant Funds, Utah
Chenoa Fund Repayable Second
The Utah based Chenoa Fund home buyer program offers a Repayable Second mortgage for anyone who qualifies and is over the income limits for the area. Saving money can be hard even if you are making above the median income, however you can still get help with your down payment. The Chenoa fund program will help you with a repayable second mortgage of 3.5% of the purchase price to help with the down payment of your FHA loan. This home buyer program will require the homebuyer to make payments and payoff the amount borrowed for the down payment. Only when the assistance is paid in full will the lien be removed from title. Purchase loans only Must qualify for an FHA loan 3.5% of purchase price available for down payment May be used anywhere in Utah No maximum income limits Owner occupied only 1-2 Unit property (additional restrictions apply) Min Fico Score 600 more Chenoa Fund Programs Grant/Gift Forgivable Soft Second Repayable Second
Tags: Chenoa Fund, down payment assistance, Grant Funds, Grant Money, High income limits, homebuyer help, no income limits, Ogden, utah first time buyers programs, Utah grant programs, Utah Home Grants
January 10, 2018
Chenoa Fund Grant
***This program has been discontinued try the Chenoa forgivable soft second or the Chenoa repayable second*** The Utah based Chenoa Fund Grant is the favorite program available for most Utah home buyers. With this grant it does not matter if you are a first time buyer or have owned a home before. The grant will be completely forgiven shortly after closing. You are virtually receiving instant equity in your home. All programs with the Chenoa Fund Grant will require a homebuyer to qualify for an FHA first mortgage. When a home buyer is ready for closing they are able to receive 3.5% grant/gift of the purchase price of the home they are purchasing. Typically this will cover your entire down payment for the home. There are no geographical restriction so the grant is available for the entire state of Utah. Qualification & Highlights:* Purchase loans only Must qualify for an FHA loan 3.5% of purchase price available for down payment May be used anywhere in Utah Must follow maximum income limits Owner occupied only 1-2 Unit property (additional restrictions apply) Min Fico Score 620 more Chenoa Fund Programs Grant/Gift Forgivable Soft Second Repayable Second
Tags: Chenoa Fund, down payment assistance, Gift Money, Grant Money, No Down Payment, Utah Chenoa Fund, Utah first time buyer grants, utah first time buyers programs, Utah Home Grants, Zero down payment
Chenoa Fund Forgivable Soft Second
The Utah based Chenoa fund homebuyer program offers a forgivable soft second grant option. The Chenoa Fund forgivable soft second grant program also allows for 3.5% or 5% of the purchase price to be used towards your down payment on an FHA first mortgage loan. The forgivable soft second will be treated and recorded as a second mortgage with no interest or monthly payments. If you keep your home and make on time payments for a minimum of three years the Soft Second will be forgiven. Qualification & Highlights:* Purchase loans only Must qualify for an FHA loan 3.5% of purchase price available for down payment May be used anywhere in Utah Must follow maximum income limits Owner occupied only 1-2 Unit property (additional restrictions apply) Min Fico Score 600
Tags: Chenoa Fund, Down Payment, down payment assistance, First time homebuyer programs, No Down Payment, utah DPA, utah first time buyers programs, Utah Home Grants
$40,000 Loan to Own Utah County Grant Program
Utah County has a first time buyer program that will allow up to $40,000 in down payment assistance (DPA). The ‘Loan to Own’ down payment assistance program is available in all cities in Utah County except for Eagle Mountain, Fairfield, Alpine and Provo. The DPA can be used for down payment and closing costs, but no prepaid items such as interest, taxes and insurance. The final amount of the DPA will be determined by the type of mortgage you get and the home buyers closing costs. If you plan to sell the home within two years of closing this is not the assistance for you. If you do sell within two years of closing you may face a hefty $5,000 penalty in addition to paying the full amount of the DPA given to you back. If selling in within two years is a possibility you may want to consider either the Chenoa Fund or a Utah Housing loan. Qualifications & Requirements: Min of 650 qualifying fico score Must be at least six months with current employer Maximum purchase price of $540,917 First time home buyer only Must be under maximum income limits $5,000 penalty if property sold within two years of closing 0% Interest no payments as long as you live in the home DPA must be paid back in full when the property is no longer the primary residence of the borrower(s)
Tags: down payment assistance, First time buyer, first time buyers program, Grant Money, Loan to own, No Down Payment, Utah County Home buyer programs, Utah first time buyers program, Utah Home Grants
January 19, 2018
$40,000 Grant for Provo Utah First Time Buyers Program
Provo, Utah $10,000 first time home buyers programs. Home Purchase Plus is a down payment assistance program that was recently introduced to help all of Provo City increase the amount of new and first time home buyers.
Tags: down payment assistance, First time buyer, Grant, programs, Provo, Utah
April 5, 2017
$10,000 At Home in Layton Utah Down Payment Assistance
“At Home in Layton” is a first time home buyer grant money program offered by Layton City Development Block Grant Program in cooperation with U.S. Department of Housing and Urban Development (HUD). Eligible home buyer applicants will receive up to $10,000 in grant money that may be used towards 50% of the down payment closing costs or a principal reduction. The Layton City first time homebuyer grant is forgiven in full If you live in the home for at least five (5) years. If the home buyer ceases to occupy the property within the first five (5) years the grant will have to be repaid on a pro-rated basis. Qualifications & Requirements: Property must be located in Layton City, Utah First time homebuyer must provide 50% of required down payment No home ownership in the last three years First-come first-serve basis Must be below 80% of HUD median income
Tags: down payment assistance, First time buyer, First Time Buyers Programs, Layton City, Utah Home Grants
December 19, 2017
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