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Utah Grant Programs
Utah Housing Corporation $20K Grant
Buying a home? You could qualify for up to $20,000 of assistance.
This summer, Utah Housing Corporation is offering grants of up to $20,000 to first-time homebuyers. Known as the Program Assistance loan or “Program Assistance,” this grant provides funds for Utah residents who close on new construction on newly constructed homes after July 1, 2023.
Grants at a Glance
Program Assistance must be provided by participating lenders. Cyprus Credit Union is a proud participant of Utah Housing Corporation.
Provides funding at 0% interest and no monthly payments.
Available on purchases up to $450,000.
Borrower must be a Utah resident for at least 12 months before closing.
Funding available on eligible property types, including detached single-family homes, condominiums, and townhomes.
Submit your application for preapproval below. Upon approval, Cyprus Credit Union may submit a Program Assistance reservation for you once Utah Housing Corporation begins accepting requests (we anticipate this will be within the next several weeks).
Homebuyers in Utah have the opportunity to buy a home using government grant money for down payments and closing costs. Call or meet with a Mortgage Advisor to see if you qualify for a Home Start Grant at 801-260-7605.
Home Start Grant Details:
May be used for down payment or closing costs
May be used in conjunction with other grants or credits
Available to borrowers who have not owned a home in the past three years (some exception may be made)
5-year retention period. If the property is sold or refinanced within the first 5 years following loan closing, the borrower must repay a prorated portion of the grant funds.
Borrowers must complete a homebuyer training class (may be done online)
Loan subject to approval. Other restrictions and qualifications may apply.
We’re here to help! Enter your contact information below. One of our advisors will reach out to set up an appointment and answer your questions.
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