Funds AvailableProvoDeferred Loan
Provo Home Purchase Plus
Provo City Housing
$60,000
Maximum Assistance
80%
AMI Income Limit
15 years
Until Forgiveness
Program Summary
Up to $60,000 as 0% deferred loan. 50% forgiven if you stay 15 years! Minimum 650 credit score.
Eligibility Requirements
Location
Property must be in Provo
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)
Buyer Contribution
You must contribute at least $1,000 of your own funds
Homebuyer Education
Completion of a HUD-approved homebuyer education course is required
How to Apply
Must have signed purchase contract in Provo. Apply through Neighborly portal with first mortgage approval.
Required Documents
- Purchase contract
- Income docs
- First mortgage approval
- Homebuyer education