down payment assistance

In addition to these down payment assistance programs in Utah and Idaho, programs are available for the disabled, Native Americans and others. Contact the individual agency to confirm availability of funds and specific requirements[cite::98::cite].

utah

Offers $2,000 assistance, in the form of a 0% deferred loan, for closing costs to first-time home buyers or single parents. Income must be at or below 80% of the income limits set by HUD. Loan must be repaid if buyer sells, exchanges, transfers title, obtains a second mortgage or refinances. Liquid assets in excess of $5,000 may disqualify applicants. Borrower provides $500.

Offers $2,000 for down payment and/or closing cost assistance. Homes in Layton or Clearfield City are not eligible. Must be a first-time home buyer. Income must be at or below 80% of the income limits set by HUD. Loan must be repaid if buyer sells, exchanges, transfers title, obtains a second mortgage or refinances. Liquid assets in excess of $5,000 may disqualify applicants. Borrower provides $500.

Contact: Davis County Housing Authority

Offers $2,000 grant toward closing costs for a newly constructed home. Borrower must be first-time home buyer and qualify for a USDA rural housing loan. Assistance is a true grant with no repayment required.

147 N 870 W, Hurricane, UT 84737
435-635-2811 ext 118, Toni Foran

At Home In Layton offers $5,000 for down payment, closing cost or principal reduction assistance. Income must be at or below 80% of income limits set HUD. Assistance is a true grant with no repayment.

437 N Wasatch Dr, Layton, UT 84041
801-336-3770, Chad Thomas
cthomas@laytoncity.org

Welcome Home — Own in Logan offers $7,500 for down payment assistance and/or closing cost assistance. Must be a first-time home buyer. Income must be below 80% of HUD income limits. $7,500 subsidy turns into a fully forgiven grant if home remains owner-occupied after 10 years. Subsidy can be transferred to a qualifying borrower. Borrower must provide $500.

Down Payment Assistance program administered by Community Development Corporation of Utah (CDCU) is federally funded and available to income-eligible, first-time homebuyers purchasing single-family homes. Funds can be used for down payment and/or closing costs for a first mortgage. Assistance is available on a first-come, first-served basis with no waiting lists.

Contact: Community Development Corporation of Utah (CDCU)

Own in Ogden offers $3,000 to $5,000 down-payment, closing cost assistance or principal reduction for properties located in target areas. All loans will be forgiven at a declining rate of 10% each year of residency and will be forgiven over a period of 4 years with the remaining 60% credited after full 5 years of residency. Purchase price limits apply. Must be at or below 80% of HUD’s income limits. Cannot be multiple property owners. Borrower must provide $500.

Contact: Own in Ogden

Home Sweet Ogden offers $3,000 to $5,000 provided on select real estate owned or remodeled by Ogden City. Available funds, terms and income limits vary based on the area and occupation of the applicant. Borrower must provide $500.

Learn more: Home Sweet Ogden

The Home Purchase Plus Program includes up to $20,000 for down payment assistance in the five pioneer neighborhoods and the Central Business District. $10,000 is available in all other areas of Provo. Must be under income limits set by HUD. Assistance is provided in the form of 0% interest with deferred payments. First mortgage may be acquired through buyer’s lender of choice. Borrower must provide $1,000.

Learn more and see other available programs for homes in Provo.

Offers $2,500 down payment and/or closing cost assistance in the Neighborworks Salt Lake (NWSL) target area. $2,500 subsidy turns into a fully forgiven grant if home remains owner occupied for 15 years. Must be a first-time home buyer and attend orientation and education. Income must be below 80% of the income limits set by HUD. Debt-to-income ratios must not exceed standard conventional guidelines. NWSL will conduct a health and safety inspection and charge $100 prior to closing. Borrowers must provide $1,000 of their own funds.

Learn more.

Offers $10,000 no-interest loan for down payment and or/closing cost assistance. Loan becomes due and payable when home is sold or refinanced. Maximum home price allowed is $237,368, for attached town home/condo is $131,955. Must be a first-time homebuyer. Income must be below 80% of income limits set by HUD.

Tooele County Housing Authority offers $2,000 for down payment assistance and/or closing cost assistance in the form of a 0% interest deferred loan that must be repaid if buyers sell, exchange, transfer title, obtain a second mortgage or decide to refinance. Must be a first-time home buyer. Income must be at or below 80% of the income limits set by HUD. Borrower must provide $500.

Learn more.

The Weber Housing Authority offers $5,000 for down payment assistance and/or closing cost assistance for properties up to $180,000 within Weber County, not including Ogden. Income must be at or below 80% of the income limits set by HUD. Subsidy turns into a fully forgiven grant if home remains owner-occupied after 5 years. Must be a first-time homebuyer. Borrower must provide $2,000.

Visit the Weber Housing Authority online.

Wasatch County Housing Authority offers $20,000, 2% loan amortized over 30 years to be used for down payment assistance (payment $73.92 per month). Must be a first-time homebuyer living and working in Wasatch County (exceptions for teachers and municipal employees). Household income can’t exceed $65,500 for 1 to 2 people and $75,000 for a household of 3 or more. If home is refinanced or sold during years 1 to 5, loan is recalculated at an interest rate of 9%. If home is refinanced or sold during year 6 to 10, loan is recalculated at an interest rate of 5%.

Learn more.

The West Jordan Down Payment Assistance Program offers $5,000 for down payment and closing costs. Applicant must provide half the down payment in order to be eligible for the city’s match. Assistance is a loan forgiven at 20% per year. After 5 years, loan becomes grant and is fully forgiven. After 2 years, borrower can streamline refinance for a lower interest rate. Income must be at or below 80% of the HUD income limits. Borrower must contribute $2,000.

Learn more about and apply for the West Jordan Down Payment Assistance Program.

West Valley City Housing Authority and Grants Division offers $5,000 for down payment and/or closing cost assistance to purchase a home up to $180,000. Subsidy must be repaid if owner sells, refinances, changes title or moves. Subsidy turns into a fully forgiven grant if home remains owner-occupied after 5 years. Income must be at or below 80% of the income limits set by HUD. Must be a first-time home buyer. Borrower must contribute $2,000.

Visit the West Valley City Housing Authority and Grants Division.

idaho

The City of Boise Affordable Home Ownership program offers up to $35,000 for down payment assistance. Funds can’t be used for closing costs. Funds are a low interest loan amortized for 30 years. Payment is deferred and not due for the first three years. Income must be at or below the income limits set by HUD. Borrower must contribute $500.

Visit the City of Boise Affordable Home Ownership Program online.

The Idaho Housing and Finance Association offers up to $8,000 for down payment and closing cost assistance. Funds are a 0% deferred loan due and payable upon sale of the home or when the home is no longer occupied by the homeowner. Must be a first-time home buyer with an income at or below 80% of the area median income limits. Borrower must contribute $500.

Visit the Idaho Housing and Finance Association online.

The ARCH Community Housing Trust offers up to $60,000 down payment assistance to borrowers working in Ketchum. Buyer must be a first-time homebuyer and qualified for the mortgage. Funding is a 0% deferred loan due upon sale of the property.

Visit ARCH Community Housing Trust online.