Provo $40,000 Grant Money

Utah Grant MapDid you know that Provo Utah offers up to $40,000 down payment assistance for your first home? If you are a Utah first time homebuyer, qualify for a traditional mortgage and qualify for the grant through Provo. You may be eligible for a $40,000 homebuyer assistance grant.

This first time home buyer program will allow for the buyer to use the $40,000 for down payment and/or closing costs. There will be no payments required or interest accrued as long as the buyer continues to occupy the property.

Grant Money Approval Button

There are a few qualifications that you will need to meet:

  • Must qualify for a traditional mortgage and this down payment assistance
  • Buy a home within the city of Provo
  • Buy a home with a purchase price less than $540,917
  • Household income may not exceed guidelines
  • The purchase cannot displace a current renter
  • A $1,000 of buyers own money must be used to purchase home
  • A $5,000 penalty will be assessed if the property is sold within two years of obtaining the loan
  • The property must be single family residence, condo, town home, or one half of a twin home
  • liquid assets must not be over $15,000
  • No payment is due as long as the applicant continues to occupy the property as their primary residence
  • Can take an average of 2-3 weeks to receive the money at closing.


Are you over the limits? You may still qualify for the Utah Housing Program.

Want to research other grants?

Utah First Time Home Buyer Programs
Neighborhood Salt Lake Grant
Davis County Utah first time buyer grant
Weber County $5,000 Grant
Utah County Grants
Provo Utah $10,000 Grant Money