Down Payment Assistance

There are Utah home grants and down payment assistance programs to assist in purchasing real estate in Utah.  If home grant money is not available in your area, there are also special Utah loan programs that may help.

Below is a list of Utah home grants that may help pay for down payment and/or closing costs.
Funds are limited. Apply Online or call 801-999-8084 to find out if funds are available.

Utah always has home buyer programs available through its State programs, county, city or non profit groups.  Here is the most up-to-date list of programs serving Utah residents.

Down Payment Assistance programs for Salt Lake County Real Estate

  • NeighborWorks (Salt Lake City real estate, Murray real estate)
  • West Jordan Down Payment Assistance (West Jordan Real Estate)
  • South  Jordan Down Payment Assistance (South Jordan Real Estate)
  • WVC Down Payment Assistance (West Valley City Real Estate)
  • Community Development Corporation of Utah (Salt Lake City Real Estate,  Magna Real Estate, Kearns Real Estate, Murray Real Estate, Sandy Real Estate, Taylorsville Real Estate)

Programs for Utah County Real Estate

Loan to Own

  • Utah County Down Payment Assistance Program (Lehi, Lindon, Orem, Payson, Pleasant Grove, Spanish Fork, Springville and unincorporated Utah County)
  • Home Purchase Plus (Provo real estate)
  • Own in Provo (Provo real estate)
  • Equity Sharing Program (Provo real estate)

Special Home Buying Programs

  • Utah Housing Loan Program: No money down program (100% financing). Helps pay for Buyer’s down payment and closing costs.
  • Utah Homepath Homes and Financing:  Special financing option for those purchasing Fannie Mae (foreclosed) properties. Allows smaller down payment & no appraisal fee.  Renovation purchase loan also available to rehab property with one loan.
  • Homesteps
  • Utah’s USDA Rural Housing Loans and Grants:  No money down program (100% financing). Only offered in limited areas.

 

The Down Payment Assistance Programs offered by state, county and city are usually secured by a second mortgage.  The second mortgage may be called a “Silent Second” which means that there are no payments required and no interest charged… and in some cases it will be forgiven if you live in the home for a certain number of years.  All of the down payment assistance programs primarily use an FHA mortgage to secure the first mortgage however some programs may accept different programs.

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