UHC First-Time Homebuyer Assistance (New Construction)
Utah Housing Corporation
Up to
$20,000
Assistance
Deferred Loan
Area
Statewide
Buyers
First-time buyers
Income
100% AMI limit
Funding renews
Jan 1
What This Program Offers
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.
Who Qualifies
Location
Buyer type
Primary residence
Income limits
Household income must not exceed 100% AMI for Salt Lake County
| Household | 100% AMI Limit |
|---|---|
| 1 person | $88,313 |
| 2 people | $100,938 |
| 3 people | $113,563 |
| 4 people | $126,125 |
Showing sizes 1-4. See all household sizes
Salt Lake County • FY 2025 HUD Income Limits
How to Apply
- 1
⚡ 558 allocations remaining as of Jan 2026 — Apply soon!
- 2
Verify you're a first-time homebuyer with income ≤100% AMI.
- 3
Find a NEW CONSTRUCTION home (existing homes do NOT qualify).
- 4
Use the FTHB Repayment Calculator on utahhousingcorp.org to estimate terms.
- 5
Find a UHC Participating Lender.
- 6
Get your new construction purchase contract.
- 7
Lender submits application through UHC PowerLender.
- 8
Receive up to $20,000 for down payment, closing costs, and/or rate buydown.
Documents you'll need
- NEW CONSTRUCTION purchase contract (existing homes don't qualify)
- Builder documentation
- First-time homebuyer affidavit
- Income verification (≤100% AMI)