The down payment assistance (DPA) programs administered by the Community Development Corporation of Utah are federally funded and are to be used to HELP income eligible first time home buyers purchase single-family homes. Funds can only be used for closing or down payment costs. There are a limited number of loans available each year and qualified applicants will receive their financial award on a first come, first serve basis.

Areas Served:
CDCU currently administers DPA programs for Magna, Kearns, Salt Lake City, Sandy, Murray and Taylorsville.

• Own In Salt Lake City
• Own In Taylorsville

Eligibility Guidelines for Down Payment Assistance*

*80% of Median Income in the Salt Lake County Metropolitan Statistical Area (MSA), Revised by HUD effective April 27, 2009.

• Community Development Corporation of Utah uses Federal Income Guidelines (80% of area median income) to determine eligibility for our programs.
• Household income includes ALL income earned by ALL adults over the age of 18 living in the home. If you make less than the guidelines listed below you are eligible to apply.

• Household Size Max. / Yearly Household Income
  • 1 Person / $39,200
  • 2 Persons / $44,800
  • 3 Persons / $50,400
  • 4 Persons / $56,000
  • 5 Persons / $60,500
  • 6 Persons / $65,000
  • 7 Persons / $69,450
  • 8 Persons / $73,950

• The amount of the down payment cannot exceed 6% of the sales price or $10,000.
• Maximum Sales Price: $230,000
• Debt-to-Income Ratio: 45%
• Mortgagees must comply with FHA Fees Guidelines
• Applications are “first come, first served”. No waiting lists.

Down Payment Assistance Experts

The RedSign team is very familiar with the application process for these down payment assistance programs. We are more than happy to help you through the process and help you find Utah real estate that qualifies for these amazing programs. Please contact us today so we can help you locate your new home as soon as possible