Equity Sharing Program

The Provo City Redevelopment Agency offers 0% interest, deferred loans to home buyers purchasing Provo real estate that has been purchased and rehabilitated by Neighborhood Housing Services. Loans are available for 10% of the purchase price, up to $17,870. No payment is due as long as the applicant continues to own and live in the house as their primary residence. Any money spent on home improvements in the first 5 years of ownership is credited against the loan balance, up to $5,000. Down payment assistance may also be available.

Qualifications:

• Qualify for mortgage through Neighborhood Housing Services.

Requirements:

• Complete pre-homeownership counseling.
• Contribute minimum of $1,000 to purchase of home.
• Purchase price cannot exceed $223,155.

Down Payment Assistance Experts

The RedSign team is very family with the application process for the Own in Provo program. We are more than happy to help you through the process and help you find Provo real estate that qualifies for this amazing program. Please contact us today if you have any questions about this program or Utah real estate in general.