Eagle Mountain MAP

Eagle Mountain City

Program Summary

Up to $25,000 as a 0% interest, 15-year forgivable second-position loan for first-time homebuyers in Eagle Mountain. Income limit 120% Utah County AMI ($99,750 single → $188,025 for 8-person household, FY 2025–26). Min FICO 650, max housing expense ratio 47%, max DTI 50%, $1,000 minimum buyer contribution. FHA, VA, and Conventional fixed-rate loans all eligible. Three-tier forgiveness: Tier 1 (Eagle Mountain City, Alpine SD, Utah County, Unified Fire Authority, Central Utah Water Conservancy District employees) — forgiven over 3–5 years; Tier 2 (other public employees, educators, law enforcement, fire, medical, veterans, active-duty military) — forgiven over 5–10 years; Tier 3 (general applicants) — forgiven over 10–15 years. $2,000 early-sale penalty if home is sold or rented within first 2 years. Application deadline 15th of each month; eligibility decisions within 15 business days.

Eligibility Requirements

How to Apply

1. 1Verify you're a first-time homebuyer (no current home ownership) with HOUSEHOLD income (everyone 18+ in the home) ≤120% Utah County AMI.
2. 2Confirm minimum financials: FICO ≥650, housing expense ratio (PITI + HOA) ≤47%, total DTI ≤50%.
3. 3Get pre-approved for a fixed-rate FHA, VA, or Conventional first mortgage from a traditional lender. (You can apply for MAP at the same time you seek pre-approval.)
4. 4Find a home within Eagle Mountain city limits — must be owner-occupied; co-signers who won't live in the home are not allowed; married couples/partners must apply together.
5. 5Complete a free Homebuyer Education Course (Fannie Mae or Freddie Mac course is acceptable; can be done after MAP approval but must be done before closing).
6. 6Submit application by the 15th of the month with: federal tax returns, proof of income, bank statements, all-debts documentation, proof of identity & citizenship, $1,000 minimum contribution proof.
7. 7Determine your tier: Tier 1 (Eagle Mountain City / Alpine SD / Utah County / Unified Fire / CUWCD employees) → forgiveness in 3–5 years. Tier 2 (other public employees, educators, law enforcement, fire, medical, veterans, active-duty military) → 5–10 years. Tier 3 (general applicants) → 10–15 years.
8. 8Within each tier, lower-AMI applicants get higher priority. Eligibility notification within 15 business days after the application window closes.
9. 9Receive up to $25,000 at closing as a 0% interest deferred/forgivable second mortgage.
10. 10Stay in the home — selling or renting within 2 years incurs a $2,000 penalty plus prorated repayment. After your tier's forgiveness window, submit a Loan Forgiveness Request (forgiveness is NOT automatic) with proof of occupancy and (Tier 1/2) employment verification.

Required Documents

• Federal tax returns
• Proof of income (pay stubs, W-2s)
• Bank statements
• Documentation for all debts
• Proof of identity and U.S. citizenship
• Primary mortgage pre-approval (fixed-rate FHA, VA, or Conventional)
• Purchase contract for Eagle Mountain property
• Proof of $1,000 minimum buyer contribution
• Homebuyer Education certificate (Fannie Mae or Freddie Mac course; required before closing)
• Employment verification letter (Tier 1 and Tier 2 applicants)

Contact Information

Last verified: 2026-05-26