Limited FundsMidvaleForgivable Loan
Midvale City DPA
NeighborWorks Salt Lake / Midvale City Redevelopment Agency
$30,000
Maximum Assistance
80%
AMI Income Limit
5 years
Until Forgiveness
Program Summary
Up to $25,000 as 0% interest, 5-year forgivable loan/grant (up to $30,000 for current Midvale residents or employees of a public entity operating within Midvale). No repayment if you stay 5 years.
Eligibility Requirements
Location
Property must be in Midvale
Buyer Type
First-time buyers only (no home ownership in past 3 years)
Income Limit
Household income must not exceed 80% of Area Median Income (AMI) for your county and household size.
Primary Residence
Must be your primary residence (not investment property)
Homebuyer Education
Completion of a HUD-approved homebuyer education course is required
How to Apply
LIMITED FUNDS AVAILABLE. 1. Check eligibility requirements on NeighborWorks website. 2. Complete online homebuyer education. 3. Apply through NeighborWorks Salt Lake.
Required Documents
- Education certificate
- Income documentation
- Pre-approval
- Proof of Midvale residency/employment (for $30k max)