FHLB HELP Program
Federal Home Loan Bank (FHLB)
Up to
$20,000
Assistance
Forgivable Loan
Area
Statewide
Buyers
First-time buyers
Income
80% AMI limit
Funding renews
Jan 1
What This Program Offers
Homebuyer Equity Leverage Partnership (HELP) - $20,000 forgivable grant for Utah buyers.
- Available with Conventional, FHA, VA, or USDA loans.
- Fixed rate 15, 20, 25, or 30-year terms.
- Purchase or refinance.
- Owner-occupied 1-4 unit properties.
- First-time homebuyers only with household income ≤80% AMI.
- Minimum $500 borrower contribution required.
Who Qualifies
Location
Buyer type
Primary residence
Your contribution
Income limits
Household income must not exceed 80% AMI for Salt Lake County
| Household | 80% AMI Limit |
|---|---|
| 1 person | $70,650 |
| 2 people | $80,750 |
| 3 people | $90,850 |
| 4 people | $100,900 |
Showing sizes 1-4. See all household sizes
Salt Lake County • FY 2025 HUD Income Limits
How to Apply
- 1
✅ Funds confirmed available as of July 7, 2026 — first-come, first-served.
- 2
Verify you're a first-time homebuyer (no ownership in past 3 years).
- 3
Verify your HOUSEHOLD income is ≤80% AMI for your county.
- 4
(All permanent occupants' income counts, not just borrowers!)
- 5
Confirm you can contribute at least $500 of your own funds.
- 6
Work with a participating lender who offers FHLB programs.
- 7
(The Tim Hawkes Team participates in this program!)
- 8
Lender submits application to FHLB on your behalf.
- 9
Receive $20,000 forgivable grant at closing!
Documents you'll need
- First-time homebuyer certification
- Household income verification (all permanent occupants)
- Proof of $500 minimum contribution
- Standard mortgage documentation
- Primary residence certification
Program Contact
Last verified: 2026-07-07