First-Time Homebuyer Grant

What is First-Time Homebuyer Grant?

First-Time Homebuyer Grant is a grant for homebuyers in Statewide, Utah.

• The UDVMA First-Time Homebuyer Grant provides up to $10,000 grant funding to qualifying post-9/11 Utah veterans (and surviving spouses) purchasing their first home in Utah. Administered by the Utah Department of Veterans and Military Affairs; funded by state appropriation. Grant is non-repayable and may be combined with most first-mortgage and DPA programs.
• Up to $10,000 one-time grant (no repayment) for first-time homebuyers who are qualifying Utah veterans (service after September 11, 2001 per Utah Code 71A-7). Funds may be used toward down payment and closing costs. Statewide Utah availability. Application processed by Utah Department of Veterans and Military Affairs. No FICO or income limit imposed by UDVMA.
• underlying first-mortgage standards apply.
• Funding comes from State.

How much assistance does it provide?

First-Time Homebuyer Grant offers up to $2,500 in assistance.

• Buyer contribution: No UDVMA-set borrower contribution; underlying first-mortgage program rules apply.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

First-Time Homebuyer Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by None - grant is non-repayable.
• The assistance is recorded in Grant - no 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?

First-Time Homebuyer Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

First-Time Homebuyer Grant sets its income limit as follows: No UDVMA income cap; underlying first-mortgage program limits apply.

• 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?

First-Time Homebuyer Grant caps the purchase price as follows: No UDVMA-set purchase price cap; underlying first-mortgage product limits apply.

• Eligible property types include Single-family detached, condominium, townhouse, PUD, manufactured (per first-mortgage product).
• New construction is eligible.
• Manufactured homes are eligible.

Is there eligibility for specific groups?

First-Time Homebuyer Grant names veterans, active-duty service members, and reservists and National Guard members among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

First-Time Homebuyer Grant serves buyers purchasing in Statewide, Utah.

How do you apply?

Applications for First-Time Homebuyer Grant go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Contact the administering agency to reserve funds

   Funds are reserved through Veteran applies directly to UDVMA via online application; UDVMA reviews eligibility and reserves funds., 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.