The City of West Jordan, Utah is providing up to $10,000 for first time homebuyers that purchase a home within West Jordan City limits. This grant may be applied to half of the required down payment and/or one-time closing costs. Funds are distributed on a first-come, first-serve basis. The home buyer must occupy the home for at least five (5) years following the purchase, any change in ownership or occupancy will require repayment of the grant funds. After five (5) years the grant is forgiven in full. If the home is sold or ceases to be occupied by the home buyer within the first five (5) years the lien is forgiven at a rate of 20% per completed year and the balance remaining will be due in full to the City.
Qualifications & Requirements:
- Home buyer must contribute a minimum of $2,500 cash out-of-pocket towards the purchase, these funds may NOT be gift funds
- Applicant must meet income qualifications and cannot have owned a home within the last 24 months
- Co-signers are not allowed
- Existing, new construction single-family homes, condos, and townhomes are permitted
- Housing debt cannot exceed 35% of the household monthly income and total debt cannot exceed 45% of the household monthly income
- Home must be owner occupied
- Applicant must attend and receive a completion certificate from a HUD approved homebuyers education class
- Visual inspection completed by the City for any safety or health concerns
