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CDCU "Own in" Down Payment Assistance Programs (DPA)

Salt Lake City|South Salt Lake|West Valley City|Murray|Midvale, Utah

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Income limit

80% AMI

Of area median income; varies by county and household size

Price cap

$492,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven after 5 years

What is CDCU "Own in" Down Payment Assistance Programs (DPA)?

CDCU "Own in" Down Payment Assistance Programs (DPA) is a deferred second loan for homebuyers in Salt Lake City|South Salt Lake|West Valley City|Murray|Midvale, Utah.

  • CDCU's 'Own in' programs are place-based DPA pools funded by participating Salt Lake County municipalities (HOME/CDBG entitlement). Provides deferred-payment, partially-forgivable seconds for income-qualified first-time homebuyers purchasing within the funder city's boundaries. Specific maximum award, forgiveness terms, and affordability period vary by city.
  • Place-based DPA programs (Own in Salt Lake, Own in South Salt Lake, Own in West Valley City, Own in Murray, Own in Midvale, etc.) providing up to ~$40,000 in deferred-payment, partially-forgivable second mortgages for low-to-moderate-income first-time homebuyers in participating Salt Lake County jurisdictions. Funds typically deferred with 5-year forgiveness or affordability period.
  • specific terms vary by city.
  • Funding comes from Local, HOME, and CDBG.

Do you have to pay it back?

CDCU "Own in" Down Payment Assistance Programs (DPA) is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Repayable on sale, refinance, or non-occupancy during affordability period and partial forgiveness over 5 years (program-specific).
  • The assistance is recorded in 2nd Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

CDCU "Own in" Down Payment Assistance Programs (DPA) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Per first-mortgage lender (typically 620+); CDCU does not impose separate floor
  • A completed homebuyer education course, through CDCU HUD-approved homebuyer education (online and in-person) required prior to closing; cdcutah.org/homebuyer-education
  • Residency: Property must be in participating Salt Lake County jurisdiction (Salt Lake City, South Salt Lake, West Valley City, Murray, Midvale, etc.)
  • Citizenship or immigration status: Per HOME/CDBG eligible-status rules
  • First-time homebuyer (no ownership in last 3 years). Household income at or below 80% AMI for Salt Lake County (varies $59,400-$111,950 by household size). Purchase price at or below $492,000 (varies by program). Minimum $1,000 borrower contribution typically required. Must complete CDCU homebuyer education. Property must be in participating jurisdiction. Affordability/forgiveness period typically 5 years (program-specific).

The program excludes

  • Manufactured homes
  • Purchases above the $492,000 price cap
  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

CDCU "Own in" Down Payment Assistance Programs (DPA) limits household income to 80% of the area median income, which varies by county and household size.

  • At or below 80% AMI for Salt Lake County HUD income limits; $59,400 (1-person) to $111,950 (8-person household).
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

CDCU "Own in" Down Payment Assistance Programs (DPA) caps the purchase price at $492,000.

  • Eligible property types include Single-family detached, townhouse, condominium, PUD.
  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

CDCU "Own in" Down Payment Assistance Programs (DPA) serves buyers purchasing in Salt Lake City|South Salt Lake|West Valley City|Murray|Midvale, Utah.

  • The program targets specific areas: Available only in participating Salt Lake County jurisdictions (Salt Lake City, South Salt Lake, West Valley City, Murray, Midvale, etc.).

How do you apply?

Applications for CDCU "Own in" Down Payment Assistance Programs (DPA) go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through CDCU HUD-approved homebuyer education (online and in-person) required prior to closing; cdcutah.org/homebuyer-education.

  2. Contact the administering agency to reserve funds

    Funds are reserved through Borrower applies through CDCU; CDCU reserves funds upon eligibility approval., and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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