Utah first-time homebuyers assistance program helps over 1,300 families in its first year

A state program aimed at helping first-time homebuyers in Utah celebrated its first anniversary in summer 2024, with more funding still available to assist more

families.

The program was established by Utah lawmakers to make homeownership more accessible during a period of significant housing shortages and high home prices. The zero-interest loans, capped at up to $20,000, can be used toward a down payment, closing costs, or to reduce the interest on a home loan. The program aims to assist families who might otherwise struggle to purchase a home in today’s market, where traditional single-family homes on larger lots are increasingly out of reach for first-time buyers.

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Program Homebuyers Families First-Time Damschen $20 000 Housing

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