Helps first-time homebuyers with up to $20,000 for newly constructed homes.
Helps with down payments and closing costs. Available to first-time buyers and others with certain credit scores.
Offers grants up to $2,500 for closing costs or down payments. Available to current military members and eligible veterans.
Must be first-time homebuyers or relocating to Utah.
Provides forgivable grants to qualifying law enforcement officers. Grants up to 3.5% of the purchase price or $25,000.
Must meet certain qualifications and occupy the home for five years.
Offers lower-interest mortgages for qualifying first-time homebuyers.Helps buyers potentially qualify for down payment assistance.
Requires a credit score of 660 or higher.
First-time homebuyers planning to purchase from July 2024 onward should note that when funds are available, the program offers a forgivable, zero-interest loan for down payment assistance.
To qualify, your income must be below 80% of the area median, with a debt-to-income ratio between 45% and 50%. You'll need cash reserves for one month's housing costs and commit at least $1,000 towards purchasing a home, complete a homebuyer education course, and select a home within Salt Lake City or Taylorsville city limits.
Offers up to $3,000 in down payment or closing cost assistance. Available to first-time buyers in specific Utah counties.
Provides up to $7,500 in down payment and closing cost assistance. Available to first-time buyers in Logan City limits.
Put down at least $500 to get a $5,000 base grant. Get an additional matching grant up to $2,500 for extra down payment funds. Only for single-family, existing homes (no condominiums).
Offers up to $20,000 in loans for down payment assistance or closing costs. Available for all homebuyers, including specific professions like teachers and city employees.
Must meet income limits and purchase homes within specified price ranges.
Provides up to $10,000 in assistance for down payment or closing costs. Forgivable grant if the homeowner stays in the home for five years.
Income limits apply, and applications accepted until funds run out or until June 30, 2024.
At-Home-in-Layton-2023-2024-Program-Flyer-and-Application-Guidelines.pdf (laytonecon.org)
Offers grants of up to $50,000 for first-time homebuyers. Grants do not have to be repaid unless the home is sold or refinanced for ineligible reasons.
Income restrictions and other criteria apply.
Available for first-time homebuyers in Salt Lake City or Murray. Offers forgivable loans up to $40,000 or $85,000, depending on location.
Must meet income requirements and complete a homebuyer education course.
Provides assistance through the Chenoa Fund for FHA loans. Helps cover the minimum down payment required for FHA loans.
Must meet credit score requirements and go through an approved lender
Grants Division | West Valley City, UT - Official Site (wvc-ut.gov)
Offers up to $7,500 for down payment and closing costs. Forgivable loan if the homeowner stays in the home for five years.
Income and other eligibility criteria apply.
Provides up to 7.5% of the home's purchase price or $20,000, whichever is lower. Forgivable loan if the homeowner stays in the home for 10 years.
Must meet income guidelines and contribute $1,000 toward the purchase.
Redevelopment Agency Housing Programs | South Jordan, UT (utah.gov)
Offers assistance for down payment and closing costs, up to $40,000. Forgivable loan if the homeowner remains in the home.
Must meet credit score, income, and other requirements.
Down-Payment and Closing-Cost Assistance - Currently Accepting Applications | City of Provo, UT
Offers zero-interest loans for down payment and closing costs, up to $40,000. Forgivable loan if the homeowner stays in the home.
Must meet income and credit score requirements.
Insured by HUD for buyers with modest credit scores. Can use gift money for down payment.
Requires a down payment of 3.5%, but down to 500 with 10% down.
Mortgage Programs | HUD.gov / U.S. Department of Housing and Urban Development (HUD)
Offers 50% discount on homes for teachers, EMTs, firefighters, and police officers.
Available for current military service members, veterans, and surviving spouses. Typically, do not require down payments but have a one-time funding fee.
This is available to current military members, veterans, and surviving spouses who can obtain a Certificate of Eligibility.
For Native American service members/spouses on tribal lands.
Native American military members, veterans, or their spouses buy or build homes on tribal lands if they can get a certificate of eligibility and work with tribes that have agreements with the federal government.
Designed for low to moderate-income buyers in rural areas. No down payment required but has upfront and annual fees.
Buyers must meet income guidelines and agree to purchase homes in designated rural areas of Utah, where they plan to live full-time.
Single Family Housing Guaranteed Loan Program | Rural Development (usda.gov)
For low-income buyers with good credit.
Requires a minimum down payment of 3%.
Your Guide to the Home Possible® Mortgage - Freddie Mac Single-Family
This program allows buyers with a credit score of at least 620 to purchase homes with down payments as low as 3%. Those with a credit score of 680 or higher get the best interest rates. Buyers can use their own funds, gifts, or down payment assistance programs for their down payments.
To qualify, you need a credit score of 620 or higher, meet income requirements, and if you're a first-time homebuyer, you must take a homeownership education course.
These mortgages are offered by most lenders and require a minimum credit score of 620. Borrowers must put down 3%, but they can receive assistance to cover their down payment and closing costs.
First-time home buyers need a credit score of at least 620 and must finish a homebuyer education course.
Offers up to $10,000 for first-time homebuyers in West Jordan. Can cover half of the down payment or closing costs.
Requires occupying the home for at least five years to have the grant forgiven.
Offers 100% financing for low to moderate income households in rural areas. No down payment required.
Requires meeting income limits, credit score of 640, and property requirements.
For borrowers with credit scores below the usual requirement. Offers down payment assistance up to 4% of the FHA first mortgage loan.
In Utah, to qualify for an FHA loan, you need a minimum credit score of 620 for purchasing a home. You can receive up to 4% of the initial loan amount as Down Payment Assistance (DPA). These loans are available statewide with income limits and require a debt-to-income ratio under 45%. Completing Homebuyer Education within 90 days of closing is mandatory. There's a maximum income cap of $95,800, and no limit on the home purchase price.
For first-time buyers or those who previously owned a home. Can be used for up to 6% of the FHA first mortgage loan for down payment assistance.
Requires a minimum credit score of 660 for purchase loans
Available for first-time buyers and previous homeowners. Offers down payment assistance up to 6% of the first mortgage amount.
Requires a minimum credit score of 700.
Usage: Assistance with down payment and/or closing costs.
Availability: First-come, first-serve basis.
Forgiveness: Forgiveness over five years of residency
No home ownership in the last three years. Minimum $1,000 contribution required. HUD-approved homebuyer education course required. Visual inspection for safety and health concerns
Amount: Up to $39,000.
Usage: Deferred loan/grant for single-family home purchased. Forgiveness: Forgiveness over time with residency
Must purchase within Salt Lake City boundaries. Grant amount determined based on closing needs. HUD-approved homebuyer education course required. Must meet income limits
Amount: $5,000.
Usage: Closing costs and/or down payment.
Forgiveness: Forgiveness over five years
No home ownership in the last three years. Single-family homes, condos, townhomes eligible. Minimum homebuyer contribution required. HUD-approved homebuyer education course required. Visual inspection for safety and health concerns
Amount: Up to $7,500
Usage: Down payment and/or closing costs.
Forgiveness: Forgiveness over seven years
No home ownership in the last three years. Single-family detached homes, condos, townhomes eligible. Minimum homebuyer contribution required. HUD-approved homebuyer education course required. Visual inspection for safety and health concerns
Amount: 3.5% or 5% of purchase price.
Usage: Down payment.
Forgiveness: Forgiveness after three years of on-time payments
Must qualify for an FHA loan. Must meet income limits. Owner-occupied only. Minimum FICO score required
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