Funding ClosedSalt 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% AMI for Salt Lake County:
| Household | 80% AMI Limit |
|---|---|
| 1 person | $68,750 |
| 2 people | $78,550 |
| 3 people | $88,350 |
| 4 people | $98,150 |
Showing sizes 1-4. See all household sizes
Salt Lake County • FY 2025 HUD Income Limits
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
- 1⚠️ CURRENTLY OUT OF FUNDS — Check back for updates.
- 2When funding becomes available:
- 3Complete online homebuyer education course.
- 4Fill out intake form through NeighborWorks website.
- 5Work with a NeighborWorks-approved lender.
- 6Submit all required income documentation.
- 7Funds disbursed at closing if approved.
Required Documents
- Education certificate
- Income documentation
- Pre-approval