Davis County Homeownership Assistance Program

What is Davis County Homeownership Assistance Program?

Davis County Homeownership Assistance Program is a deferred second loan for homebuyers in Statewide, Utah, administered by Davis County Community & Economic Development.

• Davis County provides a homeownership assistance loan of up to $50,000 to income-qualified buyers purchasing in Davis County. Funds may be used for principal reduction, a permanent interest-rate buy-down (up to $10,000), and/or up to 50% of the required down payment and closing costs. The loan is sized to bring the buyer's front-end housing DTI to 35%. No monthly payments; repaid with 1% interest at sale or ineligible refinance. Not a first-time-buyer program; may stack with state DPA for up to $70,000.
• Up to $50,000 (principal reduction + up to $10,000 rate buy-down + up to 50% of down payment/closing costs).
• 1% interest.
• No monthly payments.
• Due at sale or ineligible refinance.
• Stacks with state DPA up to $70,000.

How much assistance does it provide?

Davis County Homeownership Assistance Program offers up to $50,000 in assistance.

• Award tiers: Interest-rate buy-down capped at $10,000; down-payment portion capped at 50% of required down payment and closing costs.
• Buyer contribution: County does not pull credit; requires fully executed REPC + lender pre-approval letter at application.
• Amounts are the program's published maximums, not an offer — Davis County Community & Economic Development determines any individual award.

Do you have to pay it back?

Davis County Homeownership Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Loan plus 1% accrued interest due at sale or ineligible refinance (rate/term refi not reducing payment, or non-repair cash-out refi).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Davis County Homeownership Assistance Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Davis County Homeownership Assistance Program limits household income to $96,400.

• 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?

Davis County Homeownership Assistance Program can be used for Single Family.

Where does it apply?

Davis County Homeownership Assistance Program serves buyers purchasing in Statewide, Utah.

How do you apply?

Applications for Davis County Homeownership Assistance Program go through Davis County Community & Economic Development, which publishes the current terms and the application steps on its own site.

1. 1

   Contact Davis County Community & Economic Development to reserve funds

   Funds are reserved with the provider and are subject to availability.

2. 2

   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.