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Utah First-Time Homebuyer Assistance Program

By Tyler Thompson · Licensed Real Estate Agent

Administered by:

Utah Housing Corporation (UHC)

· State · Zero-Interest Loan

Funding status: Active

How much assistance

Up to $20,000 for down payment, closing costs and/or a permanent interest rate buydown

0% interest, no monthly payment, secured by a deed of trust. On sale or refinance the buyer repays the lesser of the assistance received or 50% of the home equity.

Eligibility

Income limits: Set by the paired Utah Housing first mortgage program.
Purchase price limit: $450,000
First-time buyer required: Yes — No ownership of a principal residence in the past 3 years (IRC Section 143(d)).
Geographic restrictions: Statewide Utah, new construction only (newly built and never occupied). Buyer must have lived in Utah for at least 12 months before closing and occupy the home within 60 days. Must use a Utah Housing participating lender. $450,000 price cap may be adjusted by location or home type.
Homebuyer education required: No