Provo First Time Home buyers program

Own in Provo
Provo First Time Home buyers program – $10,000Provo offer’s $10,000 for first time home buyer down payment assistance for the entire city. This Utah first time home buyer program was introduced just recently to help the entire city get a boost of new homeowners. The Community Development Block Grant (CDBG) is a federally funded program and is administered through the US Department of Housing and Urban Development (HUD) and is responsible for this allocation of funds.The $10,000 first time home buyer program comes in the form of an interest free (0%) no payment loan as long as you live in the home. The program has few restrictions and can easily be received if you meet a few requirements.Qualifications that you will need to meet:

  • Buy a home within the city limits of Provo, Utah
  • Buy a home with a purchase price less than $232,305
  • Household income may not exceed guidelines
  • The purchase cannot displace a current renter
  • A $1,000 of buyers own money must be used to purchase home
  • The property must be single family residence, a home with legal accessory apartment, town home, or one half of a twin home.

No payment is due as long as the applicant continues to own and live in the home as their primary residence. The deferred loan funds shall be repaid by the recipient in full if the homeowner sells, exchanges, or transfers title; decides to refinance for any other reason than to reduce their interest rate and lower their monthly payment; or ceases to use the property as the primary residence. As a condition of the loan, a 15-year owner-occupancy covenant shall be recorded against the property.

Own in Provo is a 0% interest, deferred-payment loan to assist lower-income people (see income chart below) in becoming home owners in the Pioneer Neighborhoods. These are Maeser, South Joaquin, Timp, Franklin, or Dixon or a portion of the North Park Neighborhoods. The property may be a single-family home, a home with a legal accessory apartment, one half of a twin home or town home.

Families are a program priority. Single individuals may qualify for loans on a maximum 2-bedroom house.

Persons in Household Maximum Household Income
1 $35,950
2 $41,100
3 $46,250
4 $51,350
5 $55,500
6 $59,600
7 $63,700
8 $67,800

Down Payment Assistance in Provo, Utah

Home Purchase Plus

The Home Purchase Plus is a city-wide down payment assistance program for homes in Provo, Utah. It is a 0% interest, deferred payment loan to assist lower-income/individuals (see income chart below) in becoming home owners. No payments are due as long as the borrowers continue to live in the home as their primary residence. The down payment assistance loan must be repaid if the borrower sells, exchanges, transfers Title, decides to refinance for any other reason than to reduce their interest rate and/or lower their monthly payment or if they cease using the property as their primary residence. A $5,000 penalty will be assessed if the home is sold within 2 years of obtaining the loan.

The Home Purchase Plus program provides down payment assistance and/or closing cost assistance of up to 6% of the purchase price or $10,000, whichever is less. Up to $20,000 is available for down payment assistance in the Liberty Place Development.

The borrowers must be first-time home buyers, meaning that they can not have owned a home in the previous three years and be able to put down $1,000 of their own money. The purchase price of the home can not exceed $181,000 for existing homes and $209,000 for new homes. Homes can be a single family home, a home with a legal accessory apartment, one half of a twin home or a town home. Down payment assistance for condominiums is only available in the Central Business District.


  • Ben was so great to work with on our refinance. He went above and beyond to make sure it was done right and that everything was in place. We would highly recommend him to anyone.

  • Ben worked with us when we were buying a home and I was particularly impressed with how quickly he always responded, even at odd hours. He was a pleasure to work with and we have already recommended him to friends.

  • Ben was courteous, professional, and knowledgeable. He had our best interest at heart through our entire home buying process and never pressured us. I would recommend him to anyone who is looking to buy or refinance a home.

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