Home Buyer Grants and No-Down Payment Programs For Salt Lake County

Click on any program to apply or click on Apply Now 

Salt Lake County Hero's Program

Salt Lake County Hero's (as defined below) can receive up to 5% of the purchase price of the home.

  •  First Responders include frontline fire fighters, paramedics, Emergency Medical Technicians and 911 dispatchers

  •  Officers include active military personnel and police officers

  •  Caregivers include CNA's, RN's, and LPN's

  •  Teachers working either full or part time at any licensed and accredited school located in Salt Lake City. This includes teachers working in both the private and public sector, teacher's aides, and adjunct professors.

 

Details for the Hero Program:

  • Purchase a home located in Salt Lake County anywhere

  • Must be an owner occupied home

  • Home must be a single family home, town home or condo

  • Contribute 1% of the purchase price toward the purchase from your own funds

Salt Lake County Grant

Salt Lake County provides a grant for up to $10,000

 

Details for the Salt Lake County Grant:

  • Purchase a home located in Salt Lake County anywhere (Except Salt Lake City, Sandy, Taylorsville, South Jordan, West Jordan and West Valley)

  • Must be an owner occupied home

  • Home must be a single family home, town home or condo

  • Contribute 1% of the purchase price towards the purchase from your own funds.

  • Complete a housing counseling program (contact me for information on where to take those classes.

  • Never needs repaid as long as you live the home for 5 years.

Salt Lake City Grant

The amount of the government grant for home buyers in Salt Lake City is up to $14,000.


Details for the Salt Lake Grant:

  • Purchase a home located in Salt Lake. 

  • Contribute 1% of the purchase price towards the purchase from your own funds.

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • The Salt Lake County home buyer grant must be repaid once sell the home or no longer live in the home.

  • Never needs repaid as long as you live the home for 5 years.

Kearns City Grant

The amount of the government grant for home buyers in Kearns is $5,000.


Details for the Kearns Grant:

  • Purchase a home located in the city of Kearns.

  • Buyer must contribute 1% of the contract sales price with a minimum of $1,000 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

Magna City Grant

The amount of the government grant for home buyers in Magna is $5,000.


Details for the Magna Grant:

  • Purchase a home located in the city of Magna .

  • Buyer must contribute 1% of the contract sales price with a minimum of $1,000 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • The Magna home buyer grant must be repaid once sell the home or no longer live in the home, however the interest rate is 0% and no monthly payments are required.

Murray City Grant

The amount of the government grant for home buyers in Murray is $5,000.


Details for the Murray Grant:

  • Purchase a home located in the city of Murray.

  • Buyer must contribute 1% of the contract sales price with a minimum of $1,000 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • The Murray home buyer grant must be repaid once sell the home or no longer live in the home, however the interest rate is 0% and no monthly payments are required.

Sandy City Grant

The amount of the government grant for home buyers in Sandy is $7,500.


Details for the Sandy Grant:

  • Purchase a home located in the city of Sandy.

  • Contribute 1% of the purchase price towards the purchase from your own funds.

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • The Sandy home buyer grant must be repaid once sell the home or no longer live in the home, however the interest rate is 0% and no monthly payments are required.

Taylorsville City Grant

The amount of the government grant for home buyers in Taylorsville is up to $7,500.


Details for the Taylorsville Grant:

  • Purchase a home located in the city of Taylorsville.

  • Buyer must contribute 1% of the contract sales price with a minimum of $500 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • The Taylorsville home buyer grant must is Forgiven 20% each year.  That means after 5 years the funds are forgiven and you no longer need to repay the grant.

  • Never needs repaid as long as you live the home for 5 years.

South Jordan City Grant

The amount of the government grant for home buyers in South Jordan is $7,500.


Details for the South Jordan Grant:

  • Purchase a home located in the city of South Jordan.

  • Buyer must contribute 1% of the contract sales price with a minimum of $1,000 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • The Magna home buyer grant must be repaid once sell the home or no longer live in the home, however the interest rate is 0% and no monthly payments are required.

West Jordan City Grant

The amount of the government grant for home buyers in West Jordan is $7,500.


Details for the West Jordan Grant:

  • Purchase a home located in the city of West Jordan.

  • Buyer must contribute minimum of $2,000 in personal funds toward purchase (gift funds may count toward this).

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 2 years. 

  • The West Jordan grant becomes a true grant after 5 years. This means that you must live in the home for 5 years or you will have to repay a pro-rated portion of the grant at $1,000 per year.  For example: if you live in the home for 2 years, you will have $2,000 forgiven.

  • This Grant must be approved BEFORE an offer is made on a property or the grant will be denied.  The West Jordan grant becomes a true grant after 5 years. As long as you have not moved or sold the home in 5 years, you never have to repay the grant.

West Valley City Grant

The amount of the government grant for home buyers in West Valley is $7,500.


Details for the West Valley Grant:

  • Purchase a home located in the city of West Valley .

  • Buyer must contribute 1% of the contract sales price from personal funds toward purchase.

  • Complete a housing counseling program (contact me for information on where to take those classes).

  • Cannot have owned a home in the last 3 years. 

  • Never needs repaid as long as you live the home for 5 years.

Settlers Fund Grant Money For Salt Lake County
Settlers Fund for home buyers in Weber County is 3.5% of the purchase price of the home.  As long as you do not sell or refinance the mortgage in the first 3 years the entire grant never need repaid.

 

Details for the Settlers Fund:

  • May be used for home purchase anywhere in Weber County.

  • Must be an owner occupied home

  • Home must be a single family home, town home or condo

  • Cannot be a Manufactured home

First Time Buyer Program

Buying your first home in Salt Lake County? 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 $283,3000. 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 $82,500 for 1 or 2 people in the home or $96,300 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 $107,200.

  • Must have a 660 or better credit score.

  • You do NOT need to be a first time home buyer!

  • Most homes will qualify. 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 $82,500.

  • Must have a 620 or better credit score.

  • You do NOT need to be a first time home buyer.

  • Most homes will qualify. 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.

No MI (Mortgage Insurance) Program

Mortgage insurance (MI) is normally required to be paid of you don't have at least a 20% down payment. This insurance protects the lender in case you stop making payments and your home goes into foreclosure.  MI adds to your monthly payment but this options allows you to remove the MI.

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 $107,200.

  • Must have a 700 or better credit score.

  • You do NOT need to be a first time home buyer!

  • Most homes will qualify. 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

VA 

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!

There is NO Fee to the service of obtaining grants. We do this as part of our our services in assisting you with your real estate and mortgage needs. Other restrictions and or conditions may apply for each loan program.


Ronald Pippin, Loan Officer / Branch Manager. NMLS #218333

529 25th St, Ste 101, Ogden, UT 84401 * 801-628-7667
Loan Officer with Cardinal Financial, NMLS #66247.

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