(First Time Homebuyer’s Class “IS Required”)
Maximum Debt-to-Income Ratio is 31% Housing & 45%
COMMUNITY DEVELOP CORP CONTACT FRANCESCO @ 994-7222 Ext. 204
501 East 1700 South, Salt Lake City Utah
Ø Salt Lake City, Magna, Kearns, Sandy – Grant of $10,000.00. Forgiven after 15-years.
Ø Taylorsville – Grant of $5,000.00. Forgiven after 15-Years.
Ø Murray – Grant of $5,000.00. After 15-years 50 % of the grant is forgiven.
Ø Maximum sales price of $230,000.00
Ø Maximum Debt-to-Income is 31-45%
Ø www.cdcutah.org
WEST VALLEY HOUSING– CONTACT GABBY HERNANDEZ @ 963-3369
4522 West 3500 South, West Valley City, Utah
Ø West Valley City – Grant of $5,000.00. Forgiven after 5-years.
Ø Buyer has to contribute a minimum of $2,000.00 towards transaction.
Ø Must be approved by WVC “BEFORE” writing up an offer.
Ø Maximum Debt-to-Income is 31-43%
Ø Maximum sales price cannot exceed $180,000.00.
Ø www wvc-ut.gov/housing
WEST JORDAN CITY– CONTACT CHUCK TARVER @ 569-5062
8000 South Redwood Road, West Jordan, Utah
Ø West Jordan – Grant of $5,000.00. Forgiven after 5-years.
Ø Buyer has to contribute a minimum of $2,000.00 towards transaction.
Ø Maximum Debt-to-Income is 35% housing & 45%.
Ø Borrower must be under contract to purchase a home before they can apply for the grant.
Ø www.wjordon.com
HOUSING SERVICES OF UTAH VALLEY – CONTACT JEFF VANCHIERE @ (801) 687-3696
P.O. Box 1903, Orem, Utah
Ø Lehi, Lindon, Orem, Payson, Pleasant Grove, Spanish Fork, Springville
Ø Newer home is eligible for a $5,000.00 grant. A home older than 30-years is eligible for a $15,000 grant to be used towards down payment & all non-reoccur closing costs – (no pre-paids).
Ø Borrower must contribute a minimum of $1,000.00 towards the transaction.
Ø Zero interest deferred loan, no payment. Loan is fully forgiven after 10-years
Ø Need a minimum 650 credit score
Ø www.housingservicesut.org
OWN IN OGDEN PROGRAM – CONTACT CHERYL HURLEY @ 801 629-8906
2549 Washington, Blvd. Ogden, Utah
Ø Ogden – Grant of $3,000.00 or $5,000.00 depending on area
Ø Silent loan for the first 5-years. Can earn yearly credits.
Ø www.ogdencity.com
DAVIS HOUSING SERVICES – MARY LEWIS (801) 939-9198
Ø Clearfield – 3/1 Matching Grant up to $5,000.00. If borrower contributes 1.00% Clearfield will match it 3x’s
FOR MORE INFORMATION CONTACT:
Household Income 1-1-2010
Number of Persons in Household SLC, Davis & Weber Utah County
1 Person $39,200 - $33,600
2 Persons $44,800 - $38,400
3 Persons $50,400 - $43,200
4 Persons $56,000 - $48,000
5 Persons $60,500 - $51,850
6 Persons $65,000 - $55,700
7 Persons $69,450 - $59,500
8 Persons $73,950 - $63,350
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