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Table of Contents
This information is available
as a pdf brochure that can be viewed and printed.
Download it.
For changes, additions, or deletions to programs, please contact Melissa Johnson Cameron at (801) 537-0900 or melissa@exoro.com.
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CDC Downpayment Assistance
Salt Lake County
The Community Development Corporation of Utah (CDC) offers down
payment assistance grants to first-time home buyers in Utah, which can
be used toward down payments, closing costs, or principal reduction.
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 Salt Lake City, Magna, Kearns, Sandy,
and Taylorsville.
Qualifications:
Requirements:
- Complete homebuyer education classes.
- Complete pre-purchase counseling with CDC.
Contact:
Community Development Corporation of Utah
Attn.: Catrina Duck
501 E. 1700 South
Salt Lake City, UT 84105
(801) 994-7222 ext. 200
(801) 994-7220 (fax)
www.cdcutah.org
NeighborWorks Down Payment Assistance Grants
Salt Lake County
NeighborWorks Salt Lake offers up to $10,000 in down payment
assistance grants to first-time home buyers purchasing single-family
homes in targeted neighborhoods within Salt Lake (see map). To
earn the full $10,000, buyers must remain in the home for 10 years.
Qualifications:
Requirements:
- Complete homebuyer education classes.
- Contribute $500 to closing costs.
Contact:
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 (see map). Buyers may qualify for a loan for up to 100% of
the purchase price.
Qualifications:
- 80% or less AMI (see Area Median Income Levels).
- 2-year job history in same line of work.
- No bankruptcies in past 24 months.
- Have not owned home within past year.
Requirements:
- Complete homebuyer education classes.
- Contribute $1000 to closing costs.
Contact:
Magna Housing Trust Fund
Magna
The Community Development Corporation of Utah (CDC) offers up to
$10,000 or 6% of sale price, whichever is lower, in deferred loans to
help finance the purchase of homes in the Magna and Kearns area. The
loans are available to first-time home buyers to use for down payment
assistance.
Qualifications:
Contact:
Community Development Corporation of Utah
501 E. 1700 South
Salt Lake City, UT 84105
(801) 994-7222 ext. 200
(801) 994-7220 (fax)
www.cdcutah.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.
Qualifications:
- Meet income requirements listed below.
- Credit worthy and able to qualify for loan.
- No bankruptcies in past 24 months.
- Have not owned home within past 3 years.
Requirements:
- Complete homeowner training classes, credit
counseling, and home maintenance visits.
- Establish a minimum $500 savings account to
contribute to closing costs.
- Occupy home for at least 15 consecutive
years.
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Income Limits
Household Size
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Minimum
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Maximum
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| 1 |
$22,850
| $36,600 |
| 2 |
$26,100 |
$41,800 |
| 3 |
$32,650 |
$47,050 |
| 4 |
$32,650 |
$52,250 |
| 5 |
$35,250 |
$56,450 |
Contact:
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 ratio cannot exceed 45% of gross monthly income.
- Monthly mortgage payment cannot exceed 35% of gross monthly income.
- Do not currently own home.
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.
Contact:
West Jordan Community
Development Block Grants
Attn.: Charles Tarver
8000 S. Redwood Rd.
West Jordan, UT 84088
(801) 569-5062
www.wjordan.com
Down Payment Assistance Program
West Valley City
West Valley City provides down payment assistance to first-time home
buyers purchasing a home within the West Valley City limits.
Qualifications:
- Meet income requirements listed below.
- Qualify for mortgage loan on own credit.
- Have not owned home within past 3 years.
Requirements:
- Purchase price cannot exceed $180,000.
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Income Limits
Household Size
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Minimum
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Maximum
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| 1 |
$22,850
| $36,600 |
| 2 |
$26,100 |
$41,800 |
| 3 |
$29,400 |
$47,050 |
| 4 |
$32,650 |
$52,250 |
| 5 |
$35,250 |
$56,450 |
Contact:
West Valley City Housing Authority
Attn.: Carol Landgraf
3600 Constitution Blvd.
West Valley City, UT 84119
(801) 963-3369
(801) 963-9518 (fax)
www.wvc-ut.gov
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