Own In Taylorsville

The Own in Taylorsville program is a federally funded loan/grant program administered by the Community Development Corporation of Utah (CDC). The goal of the program is to provide assistance to income eligible individuals who are purchasing single-family homes. Those who qualify will receive $5,000.00, which can be used for closing or down-payment costs.

Qualified applicants receive their financial awards on a first come, first serve basis. There are a limited number of loan/grants available, and the CDC reserves the right to expand or terminate the program as funds permit.

Eligibility Guidelines

1. Applicant must meet Income Eligibility for his/her household size.
2. Applicant must be a U.S. Citizen or Resident Alien and be 18 years of age or older.
3. Must be a first-time homebuyer.
4. Eligible Boundaries: Area within the City of Taylorsville.
5. Eligible properties are limited to Single Family Detached Residences, Single Family Attached Residences (such as Condominiums, Town Homes).
6. Applicant must contribute a minimum of $500.00 in personal funds to the down payment or closing costs. (Maximum amount cannot exceed 10% of purchase price)
7. Purchase price of property cannot exceed $230,000.00
8. The $5,000.00 CDC loan/grant must be applied to the down payment and/or closing costs.
9. Purchased property must be zoned for residential use only.
10. Applicant must secure FHA, VA, or conventional financing for property purchase.
11. A visual assessment must be completed by the CDC on all homes for health and safety concerns.

Down Payment Assistance Experts

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