Davis County Home Buyer Grants and Down Payment Assistance

Home Buyer Grants and No-Down Payment Programs For Davis County

Click on any program to apply or click on Apply Now

Davis County Grant
Davis County provides a grant for up to $10,000.

Details for the Davis County Grant:

Cannot have owned a home in the last 3 years
Purchase a home located in Davis County (except Clearfield and Layton).
Provide half the required down payment. required down payment means the minimum required down according to the type of loan you are obtaining.
Grant be be use to pay the remaining half of the down payment plus closing costs.
Complete a housing counseling program (contact us for information on where to take those classes)
The home you are buying cannot currently be a rental home.
Household income cannot exceed the income limit for your family size. Contact us for current limits.
The grant will be forgiven on a pro-rated basis over a 5 year period. Once you have lived in the home for 5 years, it never needs to be repaid.

Clearfield City Grant

Ogden City grant provides up to $7,500.

Details for the Clearfield City Grant:

Cannot have owned a home in the last 3 years.
Purchase a single family home located within Clearfield City limits.
The grant will provide matching funds on a 1:1 basis up to $7,500. So if you have $5,000 down, the grant will provide $5,000.
Household income cannot exceed the income limit for your family size. Contact us for current limits.
The grant will be forgiven on a pro-rated basis over a 7 year period. Once you have lived in the home for 7 years, it never needs to be repaid.

Layton City Grant

Layton City grant provides a maximum of $10,000.

Details for the Layton City Grant:

You do NOT need to be a first time homebuyer
Purchase a home located within Layton City limits..
Household income cannot exceed the income limit for your family size. Contact us for current limits.
The grant will be forgiven on a pro-rated basis over a 5 year period. Once you have lived in the home for 5 years, it never needs to be repaid.
Youi must be able to provide 1/2 the REQUIRED down payment. For example of the loan require 3% down, you must be able to provide 1/2 that amount, or 1.5% of the purchase price.

Borrow Smart Grant for Davis County

Borrower smart grants of up to $2,500

Can not have owned a home in the last 3 years.
1-unit principal residence only
Can be 1 - 4 units, condo, PUD or manufactured home (not a mobile home)
Home-ownership education program required for first-time home-buyers (contact us for details)
Can be stacked with other grant programs

Settlers Fund Grant Money For Davis County

Settlers Fund provides 3.5% of the purchase price of the home. After 36 on-time payments the entire grant never needs repaid.

Details for the Settlers Fund:

May be used for home purchase anywhere in Davis County.
Must be an owner occupied home
Home must be a single family home, town home or condo
Cannot be a Manufactured home

Chickasaw Grant Money For Davis County

This program offers a one-time grant of up to $3,000 to help with the down payment and/or closing costs to purchase or rate/term refinance a primary residence.

Required documentation must be sent to the Housing Counseling and Loan Services Department prior to closing being scheduled.

ELIGIBILITY

Must be a citizen of the Chickasaw Nation
Must be on the loan application
Must be approved for home loan
Primary residences only
Cannot own an investment property
If refinancing, loan cannot be a cash-out

First Time Buyer Program

Buying your first home in Utah? The First Time Buyer is a great financing option. If you have owned a home in the last 3 years you can again qualify as a first time buyer.

Details for the First Time Buyer program:

No money down. Technically this program requires a 3.5% down payment. However, that 3.5% down as well as up to 2.5% of closing costs can be financed using a second loan. This means you can get into a home with no money down.
Most homes will qualify. You can buy a home up to $476,700. They can be a single family, twin, manufactured PUD or condo. Some restrictions apply for the manufactured, PUD and condo's, so just call us before making the offer.

What are the restrictions? There are several restrictions using the First Time Home Buyer program.

Income limits. If your income is too high, then you cannot use this program. Income limits are $108,700 for 1 or 2 people in the home or $126,800 for more than 3 or more people in the home.
Must have a 660 or better credit score.
No Home Ownership in the past 3 years.

Exception for Single parents:
If you are a single parent, no previous home ownership restriction applies.

Home Again
Similar to the First Time Buyer program, the Home Again is for those that have owned a home in the last 3 years or make to much money to qualify for the first time buyer program.

Details for the Home Again program:

No money down. Technically this program requires a 3.5% down payment. However, that 3.5% down as well as up to 1.5% of closing costs
can be financed using a second loan. This means you can get into a home with no money down.

What are the restrictions?

Income limits. If your income is too high, then you cannot use this program. Income limits are $119,400
Must have a 660 or better credit score.
You do NOT need to be a first time home buyer!
Most homes will qualify. You can buy a home up to $499,000. They can be a single family, twin, manufactured PUD or condo. Some restrictions apply for the manufactured, PUD and condo's so just call me before making the offer.

Score Program
Similar to the Home Again program, the Score program is for those have a score lower than 660.

Details for the Home Again program:

No money down. Technically this program requires a 3.5% down payment. However, that 3.5% down as well as up to 1/2% of closing costs
can be financed using a second loan. Though it's possible to buy a home with no-money down using the score program, some down payment may be needed.

What are the restrictions?

Income limits. If your income is too high, then you cannot use this program. Income limits are $85,300.
Must have a 620 or better credit score.
You do NOT need to be a first time home buyer.
Most homes will qualify. You can buy a home up to $381,000.They can be a single family, twin, manufactured PUD or condo. Some restrictions apply for the manufactured, PUD and condo's so just call me before making the offer.

This no money down program is specifically for those that are serving or have served in the military.

Details of the VA program:

To qualify you must have served in the Army, Navy, Air Force, Marines, Coast Guard, National Guard or Public Health Service Actively
Served 90 Days Minimum or 181 Days During Peacetime Honorable Discharge General Discharge (under honorable conditions)
Plan to use home for your Primary Residence
A spouse, widow or widower of one of the above may also qualify.
You do NOT need to be a first time home buyer!