These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.

Utah 

Hey there! If you're thinking of buying a home for the first time, and haven't saved up for a down payment, you still might be able to get it done.

Before I jump into the programs, let me briefly explain how down payment assistance works.

How it works

Down payment assistance comes in two forms: a grant, or a loan

A grant doesn't require repayment.

A loan does require repayment, but there are 3 different ways:

Monthly repayment. This is where they charge you interest and a monthly payment until the loan is paid off

Silent second. This is where they don't charge you interest, they don't charge you monthly payments, they just require that you pay it back when you sell the home.

Forgivable. This is where they forgive the loan as long as you meet certain criteria. A common requirement is that you live in the home as your primary residence for a set number of years. Once you've completed the timeframe, they forgive your loan and you don't need to pay it.

Approved lenders only

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.

Now that we have that out of the way, let's jump in! Below are the local programs available to help make homeownership more accessible.

Utah Housing Corporation (UHC) Down Payment Assistance

  • Assistance: Provides up to 6% of the loan amount for down payment and closing costs.

  • Terms: 0% interest second loan, repaid when the home is sold, refinanced, or paid off.

  • Eligibility: First-time and repeat homebuyers with a minimum credit score of 620; income limits vary by loan type and county.

  • More Information: UHC Down Payment Assistance

First-Time Homebuyer Assistance Program

  • Assistance: Provides zero-interest loans of up to $20,000 for down payment, closing costs, or interest rate reduction.

  • Terms: Repayable upon sale or refinancing of the home.

  • Eligibility: First-time homebuyers who have lived in Utah for at least one year and are purchasing a newly constructed home priced at $450,000 or less.

  • More Information: Utah State Legislature

HomeChoice Program

  • Assistance: Provides up to $70,000 per household to help Utah residents with disabilities or those with a family member with a disability.

  • Terms: Financed as a second mortgage with a 1% interest rate over a 30-year term.

  • Eligibility: Must meet HUD income guidelines and ADA/Fair Housing Act disability definitions; FICO score of 640 or higher required.

  • More Information: Contact Neighborhood Nonprofit Housing Corporation

Salt Lake City – First-Time Homebuyer Assistance Program

  • Assistance: Provides up to $14,000 in down payment and closing cost assistance.

  • Terms: Forgivable after 10 years if the buyer remains in the home.

  • Eligibility: First-time homebuyers purchasing within Salt Lake City; income limits based on HUD guidelines.

  • More Information: Salt Lake City Housing Assistance

West Valley City – Down Payment Assistance Program

  • Assistance: Provides up to $7,500 in down payment assistance.

  • Terms: Forgivable after five years.

  • Eligibility: Homebuyers purchasing in West Valley City; income limits based on HUD guidelines.

  • More Information: West Valley City Housing Assistance

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.

Provo – Loan to Own Program

  • Assistance: Covers the required down payment (3.5% for FHA loans or 5% for conventional loans) plus estimated closing costs.

  • Eligibility: First-time homebuyers purchasing in Provo; homebuyer education required.

  • More Information: Provo Homebuyer Assistance

Ogden – Own in Ogden Program

  • Assistance: Provides down payment assistance loans to homebuyers purchasing in specific areas.

  • Eligibility: Income limits apply; homebuyer education required.

  • More Information: Ogden Own in Ogden Program

Davis County – Homeownership Assistance Program

  • Assistance: Provides grants of up to $50,000 to first-time homebuyers.

  • Terms: No repayment required as long as the buyer remains in the home.

  • Eligibility: Income limits apply; homebuyer education required.

  • More Information: Davis County Housing Assistance

Additional Resources

Community Development Corporation of Utah

  • Services: Provides various homebuyer assistance programs and resources statewide.

  • More Information: CDC Utah

Olene Walker Housing Loan Fund

Program availability and terms can change, so it's essential to verify the most current information directly with the administering agencies.

These programs can only be handled by approved lenders. If you would like help from a local realtor familiar with the programs and lenders with access, fill out this form here and I will connect you with one.