Regional Home Purchase Assistance Programs

CDC Downpayment Assistance

Salt Lake County
The Community Development Corporation of Utah (CDC) offers up to $10,000 in down payment assistance grants to first-time home buyers, which must be used toward down payment or closing costs. The amount of the grant is dependent on the location of the home. Only certain geographical areas have down payment assistance available. The current areas are Magna, Murray, Kearns, Salt Lake City, Sandy, and Taylorsville.

Qualifications:

• Debt to income ratio cannot exceed 45%.
• 80% or less of area AMI (see Area Median Income Levels).
• Purchase price cannot exceed $230,000.

Requirements:

• Complete homebuyer education classes.
• Complete pre-purchase counseling with CDC.

Contact:

Community Development Corporation of Utah
Attn.: Jay Bladen
501 E. 1700 South
Salt Lake City, UT 84105
(801) 994-7222 ext. 204
(801) 994-7220 (fax)
www.cdcutah.org

NeighborWorks Down Payment Assistance Grants

Salt Lake City
NeighborWorks Salt Lake offers up to $2,500 in down payment assistance grants to first-time home buyers purchasing single-family homes in targeted neighborhoods within Salt Lake City (see map) to be used for down payment or closing costs.

Qualifications:

• 80% or less AMI (see Area Median Income Levels).
• Have not owned home within past 3 years.

Requirements:

• Complete HUD-approved homebuyer education class.
• Contribute $1,000 to closing costs.
• Complete pre-purchase counseling.

Contact:

NeighborWorks Salt Lake
Attn.: Raquel Garcia
622 W. 500 North
Salt Lake City, UT 84116
(801) 539-1590
(801) 539-1593 (fax)
raquel@nwsaltlake.org
www.nwsaltlake.org

NeighborWorks First-Time Homebuyer

Salt Lake County
NeighborWorks Salt Lake offers low-interest rate loans to first-time home buyers purchasing homes in targeted neighborhoods within Salt Lake City and Murray (see map).

Qualifications:

• 80% or less AMI (see Area Median Income Levels).
• Have not owned home within past year.

Requirements:

• Complete HUD-approved homebuyer education class.
• Contribute $1,000 to closing costs.
• Complete pre-purchase counseling.

Contact:

NeighborWorks Salt Lake
Attn.: Shelby
622 W. 500 North
Salt Lake City, UT 84116
(801) 539-1590
(801) 539-1593 (fax)
shelby@nwsaltlake.org
www.nwsaltlake.org

First Time Homebuyer Program

Salt Lake City
Salt Lake City Corporation offers low-interest rate loans to first time home buyers purchasing available homes in Salt Lake City. The majority of the homes are older and have been updated and remodeled.

Qualifications:

• 80% or less AMI (see Area Median Income Levels).
• No bankruptcies in past 24 months.
• Have not owned home within past 3 years.

Requirements:

• Provide 2-year employment history.
• Attend homeowner training classes, credit counseling, and home maintenance visits.
• Contribute $500 toward closing costs.
• Occupy home for 15 consecutive years from purchase date.

Contact:

Salt Lake City Housing
& Neighborhood Development
415 S. State St., Rm. 425
P.O. Box 145487
Salt Lake City, UT 84114-5487
(801) 535-7228
(801) 535-6269 (fax)
www.slcgov.com/CED/hand/new/pages/housing.htm

Down Payment Assistance Program

West Jordan
The City of West Jordan provides up to $5,000 in down payment assistance to home buyers purchasing a home within the West Jordan city limits. The down payment loan is forgiven at 20% per year and fully forgiven after 5 years.

Qualifications:

• 80% or less AMI (see Area Median Income Levels). Includes income of all persons in home over age of 16.
• Debt to income ratio cannot exceed 45%.
• Monthly mortgage payment cannot exceed 35% of gross monthly income.
• Have not owned home within past year.

Requirements:

• Complete homebuyer class.
• Occupy home for at least 5 years.
• Contribute minimum of $2,000 or 1/2 of the down payment, which the City matches.
• Have home under contract prior to applying.

Contact:

West Jordan Community
Development Block Grants
Attn.: Charles Tarver
8000 S. Redwood Rd.
West Jordan, UT 84088
(801) 569-5062
(801) 569-5099 (fax)
charlest@wjordan.com
www.wjordan.com

Down Payment Assistance Program

West Valley City
West Valley City provides down payment assistance up to $5,000 to first-time home buyers purchasing a home within the West Valley City limits.

Qualifications:

• 80% or less AMI (see Area Median Income Levels).
• Qualify for mortgage loan on own credit.
• Have not owned home within past 3 years.

Requirements:

• Purchase price cannot exceed $180,000.
• Complete first-time homebuyer class.
• Contribute minimum of $2,000 to purchase of home.
• Occupy home for at least 5 years.

Contact:

West Valley City Housing Authority
Attn.: Matt Simmons
3600 Constitution Blvd.
West Valley City, UT 84119
(801) 963-3369
(801) 963-9518 (fax)
www.wvc-ut.gov