Funds AvailableUtahDeferred Loan
Utah County Loan to Own
Provo City (on behalf of Utah County)
$40,000
Maximum Assistance
80%
AMI Income Limit
10 years
Until Forgiveness
Program Summary
Up to $40,000 as 0% deferred loan for Utah County (excludes Provo, Eagle Mountain, Highland, Woodland Hills). 50% forgiven after 10 years.
Eligibility Requirements
Location
Property must be in Utah
Buyer Type
First-time buyers only (no home ownership in past 3 years)
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
Apply through Provo's Neighborly portal with home under contract. Same process as Provo program.
Required Documents
- Purchase contract
- Income verification
- First mortgage approval