Funds AvailableSouth JordanForgivable Loan
South Jordan DPA
South Jordan Redevelopment Agency
$20,000
Maximum Assistance
80%
AMI Income Limit
10 years
Until Forgiveness
Program Summary
Up to 7.5% of purchase price or $20,000 (whichever less). 0% interest, deferred. Forgiven after 10 years. Early sale penalty applies.
Eligibility Requirements
Location
Property must be in South Jordan
Buyer Type
Open to all buyers (first-time and repeat)
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
Download application from city website. Submit with all required documents to RDA. Complete homeownership class.
Required Documents
- Income verification
- Asset documentation
- Homebuyer education certificate