Funds AvailableSalt Lake CityForgivable Loan
NeighborWorks Salt Lake City DPA
NeighborWorks Salt Lake
$40,000
Maximum Assistance
80%
AMI Income Limit
5 years
Until Forgiveness
Program Summary
Up to $40,000 as 0% interest, 5-year forgivable loan. No repayment if you stay 5 years.
Eligibility Requirements
Location
Property must be in Salt Lake City
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
Complete online homebuyer education course. Fill out intake form through NeighborWorks website. Work with approved lender.
Required Documents
- Education certificate
- Income documentation
- Pre-approval