Salt Lake City CDCU DPA Loan

What This Program Offers

2026-2027 CDCU Down Payment Assistance Loan for Salt Lake City municipal boundaries only.

• Silent second mortgage up to 20% of purchase price (max $120,000) for down payment and/or closing costs — award based on funds needed to close.
• 5% fixed interest accrues annually over 30 years with NO monthly payments; balance due at end of term, sale, refi, transfer, or if property ceases to be primary residence.
• NOT forgivable.
• 80% AMI income limit.
• First-time homebuyers only (HUD definition).
• FICO 640+ (lender requirement).
• Stacks behind 1st mortgage and Utah Housing 2nd — CDCU takes 3rd lien (cannot be lower than 3rd position).
• 2% origination fee may be financed.

How to Apply

1. 1

   ✅ 2026-2027 program open — first come, first qualified until funds are depleted.

2. 2

   Verify property is within Salt Lake City municipal boundaries (not county-wide).

3. 3

   Confirm first-time homebuyer status and household income ≤80% AMI.

4. 4

   Get pre-approved with a lender (FHA, Conventional, USDA, or VA fixed-rate).

5. 5

   Execute a purchase contract (REPC) — submit a fully complete application with all checklist documents.

6. 6

   Complete HUD-approved homebuyer education course.

7. 7

   After approval, complete mandatory 1-on-1 CDCU pre-purchase counseling before closing.

8. 8

   CDCU orders visual assessment; allow 25-30 business days total (no rushes).

9. 9

   Funds wired to title at closing.

10. 10

    Submit application:

11. 11

    • Email: dpa@cdcutah.org

12. 12

    • Fax: 801-994-7220 (Attn: DPA Dept.)

13. 13

    • In person: 501 E. 1700 S., Salt Lake City, UT 84105