: Past state grant initiatives, like the "Home Run" program, demonstrated that assisting 1,652 buyers could generate over $376 million in economic activity and support thousands of jobs. Utah Home Buying Grants Score Home Run - Builder Magazine
: Established by the Utah Legislature, this program provides up to $20,000 in assistance for first-time buyers.
: Home values remain strong with consistent demand; approximately 98.6% of homes sell at list price, indicating a highly competitive environment where grants provide a necessary edge.
: Provides down payment assistance in the form of zero-interest, deferred-payment loans for low-to-moderate-income households purchasing within city limits.
Many Utah cities and counties utilize federal Community Development Block Grant (CDBG) funds to offer localized assistance.
The Utah Housing Corporation (UHC) and the state government manage the primary financial resources for buyers.
: These programs often pair a competitive 30-year fixed-rate mortgage with a second mortgage to cover the down payment and closing costs.
: Primarily for newly constructed homes or homes not previously occupied.