Eagle Mountain MAP

What This Program Offers

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.

How to Apply

1. 1

   Verify you're a first-time homebuyer (no current home ownership) with HOUSEHOLD income (everyone 18+ in the home) ≤120% Utah County AMI.

2. 2

   Confirm minimum financials: FICO ≥650, housing expense ratio (PITI + HOA) ≤47%, total DTI ≤50%.

3. 3

   Get 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. 4

   Find 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. 5

   Complete 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. 6

   Submit 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. 7

   Determine 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. 8

   Within each tier, lower-AMI applicants get higher priority. Eligibility notification within 15 business days after the application window closes.

9. 9

   Receive up to $25,000 at closing as a 0% interest deferred/forgivable second mortgage.

10. 10

    Stay 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.