Down Payment Assistance

These down payment assistance programs are available in Salt Lake County. All down payment assistance programs are administered by the Community Development Corporation of Utah and are to be used to help eligible first time home buyers purchase a primary residence. Funds can only be used for closing costs and down payments.

Applicants must be pre-approved for a FHA, VA or conventional loan. There are limited funds available each year and applicants are awarded down payment assistance on a first come, first serve basis. Be sure to call me to confirm which cities have funds available at any given time and to receive applications for selected areas.

Salt Lake City, Magna, Kearns, Murray, Sandy City, and Taylorsville

Own in Salt Lake City Down Payment Assistance Program

The ‘Own in Salt Lake City’ Program is a federally funded deferred loan program offering down payment assistance up to 6%, not to exceed $10,000.00.

Applicants must meet income eligibility for their household size. Applicants must have a yearly combined household income equal to or less than 80 percent of the area median household income as determined by the Department of Housing and Urban Development (HUD) (see below).

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated Salt Lake City. Applicants must contribute a minimum of $500.00 in personal funds to the down-payment or closing costs. Purchase price of the property cannot exceed $230,000.

The deferred loan/grant funds provided by the Salt Lake City shall be repaid by the applicant in full if within fifteen (15) years from the closing date if the applicant sells, exchanges, transfers Title, decides to refinance for any other reason than to reduce their interest rate and/or lower their monthly payment or if they cease using the property as their primary residence.

Link to application for down payment assistance in Salt Lake City

Own in Magna and Kearns Down Payment Assistance (DPA) Programs

The ‘Own in Salt Lake County’ Program is a federally funded deferred loan program offering down payment assistance up to 6%, not to exceed $10,000.00.

Applicants must meet income eligibility for their household size. Applicants must have a yearly combined household income equal to or less than 80 percent of the area median household income as determined by the Department of Housing and Urban Development (HUD) (see below).

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of unincorporated County of Kearns and Magna. Applicant must contribute a minimum of $500.00 in personal funds to the down-payment or closing costs. Purchase price of the property cannot exceed $230,000.

The down payment assistance funds provided by Kearns or Magna shall be repaid by the home buyer in full if within fifteen (15) years from the closing date if the home buyer sells, exchanges, transfers Title, decides to refinance for any other reason than to reduce their interest rate and/or lower their monthly payment or if they cease using the property as their primary residence.

Link to application for down payment assistance in Magna and Kearns

Own in Murray Down Payment Assistance (DPA) Program

The ‘Own Murray’ Program is a federally funded deferred loan program offering down payment assistance up $5,000.00 which can be used for closing and/or down payment costs.

Applicants must meet income eligibility for their household size. Applicants must have a yearly combined household income equal to or less than 80 percent of the area median household income as determined by the Department of Housing and Urban Development (HUD) (see below).

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated Murray City. Applicant must contribute a minimum of $500.00 in personal funds to the down-payment or closing costs. Purchase price of the property cannot exceed $230,000.

The loan funds provided by Murray City shall be repaid by the home buyer in full at the time of sale of the home. Up to 50% of the loan amount may be forgiven after fifteen (15) years if the following conditions are met:

  1. The applicant shall document that the property was their primary residence for the entire 15 years from purchase of home prior to the request to forgive a portion of the loan:
  2. The applicant shall complete an affidavit indication that the property has been their primary residence for the entire 15 years from the purchase to the request; and,
  3. The applicant shall repay the remaining 50% of the loan.

Link to application for down payment assistance in Murray

Own in Sandy Down Payment Assistance (DPA) Program

The ‘Own in Sandy’ Program is a federally funded deferred loan program offering down payment assistance up to 6%, not to exceed $10,000.00.

Applicants must meet income eligibility for their household size. Applicants must have a yearly combined household income equal to or less than 80 percent of the area median household income as determined by the Department of Housing and Urban Development (HUD) (see below).

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated Sandy City. Applicants must contribute a minimum of $500.00 in personal funds to the down-payment or closing costs. Purchase price of the property cannot exceed $230,000.

The deferred loan/grant funds provided by the Sandy City shall be repaid by the applicant in full if within fifteen (15) years from the closing date if the applicant sells, exchanges, transfers Title, decides to refinance for any other reason than to reduce their interest rate and/or lower their monthly payment or if they cease using the property as their primary residence.

Link to application for down payment assistance in Sandy

Own in Taylorsville Down Payment Assistance (DPA) Program

The ‘Own Taylorsville’ Program is a federally funded deferred loan program offering down payment assistance up $5,000.00 which can be used for closing and/or down payment costs.

Applicants must meet income eligibility for their household size. Applicants must have a yearly combined household income equal to or less than 80 percent of the area median household income as determined by the Department of Housing and Urban Development (HUD) (see below).

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated Taylorsville. Applicants must contribute a minimum of $500.00 in personal funds to the down-payment or closing costs. Purchase price of the property cannot exceed $230,000.

The down payment assistance funds provided by Taylorsville shall be repaid by the home buyer in full if within fifteen (15) years from the closing date if the home buyer sells, exchanges, transfers Title, decides to refinance for any other reason than to reduce their interest rate and/or lower their monthly payment or if they cease using the property as their primary residence.

Link to application for down payment assistance in Taylorsville

West Valley City Down Payment Assistance (DPA) Program

The West Valley City Down Payment Assistance Program seeks to aid low-to-moderate income families realize their dreams of home ownership within the limits of West Valley City, UT. West Valley City offers a grant of up to $5,000 to be used for down payment and/or closing costs on a home up to $180,000.

It is expected that the buyers will live in the house for at least five (5) years so as to build enough equity that the City of West Valley can remove it’s lien from title to the property. If the home is sold, title is transferred, loan is refinanced within the first five years the grant must be paid back.

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated West Valley City.

Borrowers must be able to qualify for a fixed-rate mortgage loan using FHA, VA, or conventional financing and must qualify on their own credit. No non-occupying co-borrowers are allowed.

The down payment assistance is a deferred loan which becomes a grant provided the home buyer remains in the house for five (5) years. If the home buyer sells, exchanges, transfers title, obtains a second mortgage or decides to refinance for any reason other than to reduce their interest rate to lower their monthly payment or ceases using the property as their primary residence within five (5) years from the date of closing the loan will be repaid on a prorated basis of 20 percent per year. At the end of the five (5) year period the loan will be forgiven and considered a grant.

The borrower must contribute a minimum of $2,000.00 toward the cost of purchase of the home in the form of earnest money, appraisal, closing costs, etc.

Link to application for down payment assistance in West Valley City

West Jordan City

West Jordan City offers down payment assistance up to $5,000 as a dollar for dollar match of the applicant’s contribution. The borrower is required to contribute at least $2,000 of their own money toward the down payment. So if the borrower contributes $2,000 the City of West Jordan will match it with $2,000 in down payment assistance for a total of a $4,000 down payment on a home.

Applicants must be a U.S Citizen or Resident Alien and be 18 years of age or older. Applicants must be a first time home buyer or have not owned a home in the previous three years. Eligible properties are detached single family residences as well as town homes and condominiums within the boundaries of incorporated West Jordan City.

The down payment assistance is a deferred loan which becomes a grant provided the home buyer remains in the house for five (5) years. If the home buyer sells, exchanges, transfers title, obtains a second mortgage or decides to refinance for any reason other than to reduce their interest rate to lower their monthly payment or ceases using the property as their primary residence within five (5) years from the date of closing the loan will be repaid on a prorated basis of 20 percent per year. At the end of the five (5) year period the loan will be forgiven and considered a grant.

Link to application for down payment assistance in West Jordan

Income Guidelines for Down Payment Assistance (DPA) Programs in Salt Lake County

With all down payment assistance programs in the state of Utah, the borrower’s household income must fall within the Department of Housing and Urban Development’s (HUD) low to moderate income guidelines as follows:

HUD Income Guidelines
Household Size Minimum Income Maximum Income
1 Person $24,500.00 $39,200.00
2 Persons $28,000.00 $44,800.00
3 Persons $31,500.00 $50,400.00
4 Persons $35,000.00 $56,000.00
5 Persons $37,800.00 $60,500.00
6 Persons $40,600.00 $65,000.00
7 Persons $43,400.00 $69,450.00
8 Persons $46,200.00 $73,950.00

Down Payment Assistance in Box Elder County, Cache County and Rich County

Down payment assistance in Box Elder, Cache and Rich counties is administered by the Bear River Association of Governments. BRAG offers a deferred, no-interest loan of up to $2,000 that can be used for down payment or closing costs. No repayment is necessary unless the home is sold, refinanced or title is transferred to another party.

The current income guidelines are provided by the Federal Housing and Urban Development and are based on 80% of the median income. HUD guidelines are provided below and change each year.

County
Box Elder County Cache County Rich County
Family Size 1 $34,300 $31,950 $32,200
2 $39,200 $36,500 $36,800
3 $44,100 $41,505 $41,400
4 $48,950 $45,600 $46,000
5 $52,900 $49,250 $49,700
6 $56,800 $52,900 $53,400
7 $60,700 $56,550 $57,050
8 $64,650 $60,200 $60,750

BRAG Down Payment Assistance Brochure
BRAG Ho-To Get Down Payment Assistance Brochure