FIRST TIME HOMEBUYER GRANTS
(First Time Homebuyer’s Class “IS Required”)
COMMUNITY DEVELOPMENT CORP
CONTACT CHRIS NEWSOME @ 994-7222 Ext. 204
501 East 1700 South, Salt Lake City Utah
- Salt Lake City, Magna, Kearns, Sandy – Grant of $10,000.00. Forgiven after 15-years.
- Taylorsville – Grant of $5,000.00. Forgiven after 5-Years.
- Maximum Debt-to-Income is 42%
- www.cdcutah.org
WEST VALLEY HOUSING
CONTACT GABBY HERNANDEZ @ 963-3369
3600 Constitution Blvd. West Valley City, Utah
- West Valley City – Grant of $5,000.00. Forgiven after 5-years.
- Must be approved by WVC “BEFORE” writing an offer.
- Loan amount can not exceed $180,000.00.
- www.ci.west-valley.ut.us
WEST JORDAN CITY
CONTACT CHUCK TARVER @ 569-5062
8000 South Redwood Road, West Jordan, Utah
- West Jordan – Grant of $5,000.00. Forgiven after 5-years.
- Buyer has to contribute a minimum of $2,000.00 towards transaction.
- Maximum loan - 30% housing & 40% TOTAL debt ratio.
- www.wjordon.com
HOUSING SERVICES OF UTAH VALLEY
CONTACT JEFF VANCHIERE @ (801) 687-3696
P.O. Box 1903, Orem, Utah
- Lehi, Lindon, Orem, Payson, Pleasant Grove, Spanish Fork, Springville and unincorporated Utah County.
- Newer home is eligible for a $5,000.00 grant. A home older than 30-years is eligible for a $15,000 grant to be used towards down payment & all non-reoccur closing costs – (no pre-paids).
- Borrower must contribute a minimum of $1,000.00 towards the transaction.
- Zero interest deferred loan, no payment. Loan IS NOT forgiven, must be repaid.
- Need a minimum 650 credit score
- www.housingservicesut.org
OWN IN OGDEN PROGRAM
CONTACT LARRY MUNCH (801) 629-8940
2549 Washington, Blvd. Ogden, Utah
- Ogden – Grant of $3,000.00 or $5,000.00 depending on area
- Silent loan for the first 5-years, then fully forgiven
- www.ogdencity.org
DAVIS & MORGAN COUNTIES HOUSING SERVICES
CONTACT
MARY LEWIS (801) 939-9198
- Davis & Morgan Counties – Grant of $2,000.00
- Zero interest deferred loan. Loan IS NOT forgiven, must be repaid.
- Clearfield – 3/1 Matching Grant up to $5,000.00. If borrower contributes 1.00% Clearfield will match it 3x’s
Household Income 1-1-2009: |
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Number of Persons in Household |
SLC, Davis & Weber – Utah County |
||
|
1 Person |
|
$36,600 - $33,600 |
|
2 Persons |
|
$41,800 - $38,400 |
|
3 Persons |
|
$47,050 - $43,200 |
|
4 Persons |
|
$52,250 - $48,000 |
|
5 Persons |
|
$56,450 - $51,850 |
|
6 Persons |
|
$60,600 - $55,700 |
|
7 Persons |
|
$64,800 - $59,500 |
|
8 Persons |
|
$68,950 - $63,350 |
Maximum Mortgage Amount: |
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Number of Persons in Household |
***** Income***** |
||
|
1 Person |
|
$155,000 |
|
2 Persons |
|
$155,000 |
|
3 Persons |
|
$172,000 |
|
4 Persons |
|
$191,000 |
|
5 Persons |
|
$207,000 |
|
6 Persons |
|
$222,000 |
|
7 Persons |
|
$230,000 |
|
8 Persons |
|
$230,000 |
FOR MORE INFORMATION CONTACT:
John Gonzales — Republic Mortgage 801-209-9298
