Down Payment Assistance Now Available!

The Down Payment Assistance Program is federally funded and is to be used to help income-eligible first time home buyers purchase single family residences. Funds can only be used for closing and/or down payment costs. There are a limited number of loan/grants available each year and qualified applicants will receive their financial award on a first come, first served basis.

No monthly payment is required & no interest accrues on any down payment assistance given.  Down payment assistance is paid back when (and if) a triggering event occurs, such as the homeowner sells the home, transfers title or refinances to take out equity.  If the amount owed is partially forgiven (e.g. $2,500 in Murray instead of $5,000 after 15 years), the remaining balance does not become due at that time – it would be paid back when a triggering event occurs, such as those already mentioned.
Cities that have down payment assistance:

  • Salt Lake City
  • Kearns
  • Magna
  • Sandy
  • Murray
  • West Jordan
  • West Valley

Availability changes daily, first come first serve basis. For specific guidelines and applications you can contact:

Amber Segura
Loan Officer
Security National Mortgage    
801-815-9564

Leave a Reply




XHTML: You can use these tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>