Provo Home Purchase Plus
Provo City Development Services
Up to
$60,000
Assistance
Deferred Loan
Area
Provo
Buyers
First-time buyers
Income
80% AMI limit
Funding renews
July 1
What This Program Offers
Up to $60,000 as 0% interest deferred loan for Provo City homes.
- 50% forgiven after period of affordability: $15k-$25k = 5 years, $25k-$50k = 10 years, $50k+ = 15 years.
- Minimum 650 credit score required.
- Must contribute $1,000 own funds.
Who Qualifies
Location
Buyer type
Primary residence
Education course
Your contribution
Income limits
Household income must not exceed 80% AMI for Utah County
| Household | 80% AMI Limit |
|---|---|
| 1 person | $66,750 |
| 2 people | $76,300 |
| 3 people | $85,850 |
| 4 people | $95,350 |
Showing sizes 1-4. See all household sizes
Utah County • FY 2025 HUD Income Limits
How to Apply
- 1
Verify you're a first-time homebuyer with income ≤80% AMI and ≤$15K liquid assets.
- 2
Check your credit score (minimum 650 required).
- 3
Get pre-approved for your first mortgage.
- 4
Find a home within Provo city limits (max purchase price $537,700).
- 5
Get property under contract.
- 6
Complete HUD-approved homebuyer education course.
- 7
Apply through neighborly.provo.org with all required documents.
- 8
Receive up to $60,000 as 0% interest deferred loan at closing.
Documents you'll need
- 3 years tax returns
- 3 months pay stubs
- 3 months bank statements
- US citizenship verification
- Social Security cards
- Purchase contract
- First mortgage approval
Program Contact
Last verified: 2026-01-12