Funds AvailableStatewideDeferred Loan
UHC First-Time Homebuyer Assistance (New Construction)
Utah Housing Corporation
$20,000
Maximum Assistance
100%
AMI Income Limit
Program Summary
Up to $20,000 for NEW CONSTRUCTION homes only. Funds for down payment, closing costs, and/or permanent rate buydown. Utah Legislature funded $50M to help ~2,500 first-time buyers. 558 remaining as of Jan 2026. Deferred loan, repaid on sale/refi/rental.
Eligibility Requirements
Location
Available statewide in Utah
Buyer Type
First-time buyers only (no home ownership in past 3 years)
Income Limit
Household income must not exceed 100% AMI for Salt Lake County:
| Household | 100% AMI Limit |
|---|---|
| 1 person | $85,938 |
| 2 people | $98,188 |
| 3 people | $110,438 |
| 4 people | $122,688 |
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)
How to Apply
- 1⚡ 558 allocations remaining as of Jan 2026 — Apply soon!
- 2Verify you're a first-time homebuyer with income ≤100% AMI.
- 3Find a NEW CONSTRUCTION home (existing homes do NOT qualify).
- 4Use the FTHB Repayment Calculator on utahhousingcorp.org to estimate terms.
- 5Find a UHC Participating Lender.
- 6Get your new construction purchase contract.
- 7Lender submits application through UHC PowerLender.
- 8Receive up to $20,000 for down payment, closing costs, and/or rate buydown.
Required Documents
- NEW CONSTRUCTION purchase contract (existing homes don't qualify)
- Builder documentation
- First-time homebuyer affidavit
- Income verification (≤100% AMI)