The State of Utah has made available an interest-free, forgivable grant of up to $25,000 to Utah Law Enforcement and Correctional Officers for the purpose of purchasing a home in Utah.
Available through Utah Housing Corporation (UHC) and Intercap Lending, the #1 Utah Housing Corp originating lender.
Who is Eligible?
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A law enforcement officer, as defined in Utah Code Section 53-13-103
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A correctional officer as defined in Utah Code Section 53-13-104
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First-time homebuyer (this requirement may be waived under certain conditions)
Terms and Benefits
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No payment, no interest grant
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Grant amount up to 3.5% of purchase price, not to exceed $25,000
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Portion of grant forgiven each year the individual is employed in Utah as a law enforcement or correctional officer and occupies the home as their primary residence
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May be used for down payment, closing costs, mortgage interest rate buydown, or paid-in-advance mortgage insurance
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Must occupy primary residence within 30 days of closing