Home Purchase Plus Program

unfinshed-houseDown-Payment Assistance

In 2000, Provo City made a commitment to partner with our local non-profits and neighborhoods to engage our community in efforts to revitalize and preserve our Pioneer Neighborhoods. This ongoing effort is supported by private and federal funding, as well as a Congressional Economic Development Initiative (EDI) Special Purpose Grant for home ownership. Our vigorous determination to succeed is having a profound impact on the lives of those living in these neighborhoods.

An important element of our revitalization efforts is our Home Purchase Plus down-payment assistance program. Down-payment assistance is available for low-income families/individuals through the Provo City Redevelopment Agency. View the information below or contact the Provo City Redevelopment Agency at (801) 852-6160. Download the application here.  If you are a lender, the underwriting criteria can be found here.

family4-home-sold What is it?A 0% interest, deferred payment loan to assist first-time home buyers in becoming home owners in Provo City.  A first-time home buyer is defined as someone who has had no ownership in a principal residence during the 3-year period ending on the date of the purchase of the property.  This includes a spouse or partner (if either meets the above test, they are considered first-time home buyers.

Down-payment assistance of up to $10,000 based on need (determined by HUD formula).  Loan may be used for down payment and/or closing costs.

You must be able to put down $1,000 of your own money.

No payment is due as long as the applicant continues to own and live in the home as their primary residence. 

If the home is sold or vacated within two years of purchase, a $5,000 pre-payment penalty will be applied.
Once the home is no longer the primary residence, the loan is due and payable in full.

nice-little-home Who Qualifies?Must qualify for a first mortgage through a lender of the buyer's choice.  Both spouses/partners are required to be on our loan even if they are not on the first mortgage.

Applicant must be income eligible (see income chart) and be on their current job for six months. Income limits effective June 1, 2018.  Income is calculated as a projected income based on the last three month's of pay stubs using the actual hours worked.

Both spouses must be on our loan (whether or not they are on the first mortgage, and they must both meet the minimum credit score requirement.

Single individuals may qualify for loans on a maximum two-bedroom house.

Minimum mid-score of 650 and other RDA underwriting criteria.

Applicant's liquid assets (defined in RDA policies) cannot exceed $15,000 up to time of closing.

Applicants must take "Pre-Home-Ownership Counseling" offered through Community Action or NeighborWorks Provo.  Community Action can be reached at 801-691-5200 or 815 S. Freedom Blvd. in Provo.  NeighborWorks Provo can be reached at 801-375-5820 or 39 W. 300 N. in Provo.


family5-home-sold What Housing Qualifies Purchase price of the home may not exceed HUD limitations (currently $255,000 for existing homes and new homes - effective April 1, 2018).

Property may be a single-family home, a home with a legal-accessory apartment, or one half of a twin home or town home.  Effective July 1, 2017, condos are now eligible in Provo.

Home may not be occupied, or have been occupied, by renters within six months to the date of contract who would be displaced by the purchase.


 If you feel you have been discriminated again in the purchase of your home, please visit our Fair Housing page which has a link where you can file a complaint.