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FirstHome

Statewide, Utah

Last verified
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Assistance

6%

Of the purchase price, as the program sets it

Income limit

$166,100

The household income limit the program publishes

Price cap

$772,400

Highest purchase price the program allows

Repayment

Grant

Not repaid

What is FirstHome?

FirstHome is a grant for homebuyers in Statewide, Utah.

  • UHC FirstHome is a tax-exempt bond-funded 30-year fixed first mortgage program for first-time Utah homebuyers, paired with a UHC DPA second mortgage of up to 6%. Statewide availability with county-tiered income and purchase price limits. Federal target-area exception waives the FTHB requirement and applies higher purchase price limit.
  • Tax-exempt bond-funded 30-year fixed first mortgage at below-market rates for first-time homebuyers, paired with a UHC DPA second mortgage of up to 6% of the first-mortgage amount (covers down payment, closing costs, prepaids). Available statewide. Purchase-price limits $544,200 (non-target) to $772,400 (target areas).
  • income limits $116,100-$166,100 by county. Minimum 660 FICO.
  • Funding comes from State, HFA, and Bond.

How much assistance does it provide?

FirstHome provides assistance worth 6% of the purchase price, as set by the program.

  • The program asks buyers to contribute $0 minimum borrower contribution beyond UHC DPA second (covers down payment + closing costs).
  • 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?

FirstHome is structured as a grant, so it is not repaid.

  • Repayment is triggered by Monthly amortizing payments alongside primary mortgage over 30 years and balance due at sale, refinance, or non-occupancy.
  • 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?

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

The program requires

  • First-time homebuyer — with exceptions: First-time homebuyer requirement waived in federally designated target areas
  • The home is occupied as a primary residence
  • On credit: Minimum 660 FICO
  • A completed homebuyer education course, through UHC-approved homebuyer education (Framework, eHomeAmerica, NeighborWorks Salt Lake, AAA Fair Credit Foundation, USU Extension PowerPay, etc.)
  • Residency: Property must be in Utah and used as primary residence
  • Citizenship or immigration status: U.S. citizen or qualifying permanent/non-permanent resident alien
  • Must be a first-time homebuyer (no ownership interest in a primary residence in last 3 years) UNLESS purchasing in a federally designated target area. Household income at or below county-tiered limit ($116,100-$166,100). Purchase price at or below county-tiered limit ($544,200 non-target / $772,400 target). Minimum 660 FICO. Must occupy as primary residence. Must complete UHC-approved homebuyer education prior to closing. Federal recapture tax may apply.

The program excludes

  • Purchases above the $772,400 price cap
  • Households above $166,100

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?

FirstHome limits household income to $166,100.

  • 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?

FirstHome caps the purchase price at $772,400.

  • 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?

FirstHome names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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?

FirstHome serves buyers purchasing in Statewide, Utah.

  • The program targets specific areas: Higher purchase price limit ($772,400) and waived FTHB requirement apply in federally designated target areas; see UHC Lender Online.

How do you apply?

Applications for FirstHome 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 UHC-approved homebuyer education (Framework, eHomeAmerica, NeighborWorks Salt Lake, AAA Fair Credit Foundation, USU Extension PowerPay, etc.).

  2. Contact the administering agency to reserve funds

    Funds are reserved through Loan officer reserves funds via UHC Lender Online portal at time of loan locking; subject to bond/program funding availability., 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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