South Jordan City is offering 7.5% of the purchase price of a home up to $20,000 in homebuyer grant money to first time homebuyers that purchase a home within the city limits. This first time homebuyer program will provide one half of the down payment required and help pay for closing costs.
The South Jordan Down Payment Assistance will be secured by a second lien that is forgiven at a pace of 10% per year. After ten years the lien is removed completely from title and no repayment is required.
Requirements:
- Must qualify for a traditional mortgage and this down payment assistance
- Homebuyer must occupied unit
- Single Family, Town homes, and Condos are eligible
- Property must pass West Jordan City Inspection
- Minimum of 650 credit score
- Non-Occupant Co-Signers are not allowed
- Homebuyer must take homebuyers course
- Expect 30 days to process application
- Must contribute $1,000 of homebuyers own funds, but not over $20,000
More information on Utah Grants
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Provo Utah $10,000 City Grant Money
Salt Lake County first time buyer programs
Loan to Own Utah County
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