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
- West Jordan
- West Valley
Availability changes daily, first come first serve basis. For specific guidelines and applications you can contact:
Security National Mortgage
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