Down Payment Grant

The “Own in Sandy Program” is an effort by Sandy City, Utah and the Sandy City Redevelopment Agency to stimulate the local economy by creating new jobs through the construction of new homes which have not been lived in that are currently on the market within Sandy City.

The program will additionally, increase the opportunity for qualified home owners to purchase existing new homes which have not been lived in that are currently on the market. Persons requiring primary residential loans and that meet specific guidelines can qualify for a $5,000.00, zero interest loan, to assist with the purchase of the home. This loan becomes a grant after the owner has lived in the home for a consecutive three (3) year period.

“Own in Sandy” loans can only be used at the time of closing for a down payment, for closing costs or a principal reduction in purchase price.

Go to the website for more information

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Tags: down payment, Utah

This entry was posted on Wednesday, August 19th, 2009 at 7:07 am and is filed under Home Grants. If you are looking for similar grants in this state, click the category name here. That will give you a list of grant announcements in that category in the state.