Salt Lake City Down Payment Assistance 2026

Up to $40,000 as 0% interest, 5-year forgivable loan. No repayment if you stay 5 years.

2026-2027 CDCU Down Payment Assistance Loan for Salt Lake City municipal boundaries only. Silent second mortgage up to 20% of purchase price (max $120,000) for down payment and/or closing costs — award based on funds needed to close. 5% fixed interest accrues annually over 30 years with NO monthly payments; balance due at end of term, sale, refi, transfer, or if property ceases to be primary residence. NOT forgivable. 80% AMI income limit. First-time homebuyers only (HUD definition). FICO 640+ (lender requirement). Stacks behind 1st mortgage and Utah Housing 2nd — CDCU takes 3rd lien (cannot be lower than 3rd position). 2% origination fee may be financed.

Borrow up to 6% of first mortgage loan (max $27,500) for down payment and closing costs. 30-year fixed rate, 1% higher than first mortgage (max 8%). Monthly payment required. Must be combined with UHC first mortgage (FirstHome, FHA/VA, or HFA Advantage). Can stack with local city/county DPA when the local program agrees to third lien position (UHC 2nd, local DPA 3rd).

Borrow up to 3.5% of first mortgage loan (max $27,500) for down payment and closing costs. 30-year fixed at 3.5% deferred simple interest. NO MONTHLY PAYMENT required. Principal + deferred interest due on sale, refinance, or maturity. Must combine with UHC first mortgage. Can stack with local city/county DPA when the local program agrees to third lien position (UHC 2nd, local DPA 3rd).

TRUE GRANT - $2,500 cash at closing, NO REPAYMENT REQUIRED. For veterans or active military who separated within last 5 years AND are first-time Utah homebuyers. Limited funds available (79 remaining as of Jan 2026). Can combine with any UHC loan program.

Special assistance for Utah Law Enforcement Officers and Correctional Officers who are first-time homebuyers. FUNDS CURRENTLY DEPLETED - Waiting list implemented. See UHC website for waiting list instructions.