Utah First Time Home Buyers: Now is a great time to "Jump Aboard" and purchase a home in such a strong buyers market in the State of Utah. In addition to low interest rates,
West Valley City is offering a
Down Payment Assistance Program which will allow you
$5,000 to use towards your down payment on a home,
not to exceed $180,000. It is very important to follow the guidelines (displayed below) provided by the
City of West Valley, in order to qualify.
West Valley City has this wonderful program to share with YOU and it would be my pleasure to help you through the entire process. My experience in helping past clients with the grant program has been very successful and this will be the beginning of
where your dream will take you “home”.
Please follow these easy steps in order to move forward in the process of purchasing your new home.
- Call Me (801) 859-9381 or Contact Me for an appointment to set up your FREE consultation. (NO obligation)
- Once we meet, you will be provided with a list of documents to compile for a West Valley City review.
- You will need a consultation with a knowledgeable lender who is familiar with Grant Programs. On my Julie Neerings-Lifting Hearts~Building Dreams Team , I have lenders who have the experience and knowledge required to work with the city in a diligent manner.
- After the approval of your application and pre-approval from the lender, we will begin your journey in finding your home by previewing a list of homes available in West Valley.
- Once you have narrowed down the home that you want to purchase I will write up the contract for you and handle the negotiation process.
After we have an accepted offer, I will walk you through the process for inspections, appraisals and the attentiveness required to meet all deadlines to secure your earnest money.
Lastly, I will arrange the settlement meeting with a Utah title company, be there when you sign papers and proudly hand over the keys to your new home, once funding and recording take place.
You will be the hand to be held and I will be the voice and heart to oversee your best interests.
**Please note that once all funds are used up further notification from West Valley City will need to be obtained. There is no guarantee as to availability of grant money. This program is based off a first come first serve basis. Also the "General Information Sheet" is only a guideline that goes with the packet. Feel free to contact me for that packet and I will further assist you.**
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DOWN PAYMENT ASSISTANCE PROGRAM
General Information Sheet
In order to qualify for the Down Payment Assistance program, applicants must:
- Be at least 18 years of age.
- Be able to qualify for a mortgage loan on your own credit.
- Be a first-time homebuyer in accordance with Code of Federal Regulations (CFR) Title
- An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase (closing date) of the property.
- Any individual that has only owner with a former spouse while married.
- An individual who has only owned a principal residence not permanently affixed to a permanent foundation, or a property that was not in compliance with state, local, or model building codes and cannot be brought into compliance for less than the cost of constructing a permanent structure.
- Purchase a home within West Valley City limits for a price not to exceed $180,000.
- Not be committed (bid, offer, purchase agreement or earnest money) on any property until loan approval and class certificate is received by West Valley City.
- Verify that household annual gross income falls within the Department of Housing and Urban Development’s low and moderate income guidelines. The following table represents the current income guidelines:
Household Size Minimum Income Maximum Income
| 1 Person | $21,450.00 | $34,400.00 |
| 2 Persons | $24,550.00 | $39,300.00 |
| 3 Persons | $27,600.00 | $44,200.00 |
| 4 Persons | $30,700.00 | $49,100.00 |
| 5 Persons | $33,150.00 | $53,050.00 |
| 6 Persons | $35,600.00 | $57,000.00 |
| 7 Persons | $38,050.00 | $60,900.00 |
| 8 Persons | $40,500.00 | $64,850.0 |
Revised February 2005
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Julie Neerings, GRI- Heart of Utah Real Estate Copyright © 2008- If you are considering buying, selling, military relocations to Hill AFB or relocating to Utah, you deserve local expertise and advice to be provided by a professional in real estate. Julie Neerings is a Utah REALTOR® providing full time, professional real estate services to buyers and sellers in the cities of Layton, Bountiful, Woods Cross, West Valley, West Jordan, South Jordan, Riverton, Herriman and all surrounding cities.
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