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% 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)
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
- 1Verify you meet income requirements (≤80% AMI) and have ≤$15,000 in liquid assets.
- 2Confirm you can contribute at least $1,000 of your own funds.
- 3Complete a HUD-approved homeownership education class.
- 4Get pre-approved with a mortgage lender.
- 5Find a home within South Jordan city limits.
- 6Download application from South Jordan city website.
- 7Submit application with all required documents to the RDA.
- 8Receive up to 7.5% of purchase price (max $20,000) at closing.
Required Documents
- Income verification (pay stubs, tax returns)
- Asset documentation (bank statements showing ≤$15K liquid)
- Homebuyer education certificate
- Pre-approval letter
- Purchase contract for South Jordan property