HomeChoice Program

HomeChoice Program is a deferred second loan for homebuyers in Logan|Brigham City|Tremonton, Utah. NNHC's HomeChoice Program is a deferred-payment, partially-forgivable second-mortgage DPA for low-to-moderate income (<=80% AMI) first-time homebuyers in NNHC's Northern Utah service area (Cache, Box Elder, Rich Counties). Funded through HOME and other federal sources. Up to ~$30,000 in DPA; 5-year affordability period typical. Deferred-payment second-mortgage DPA up to $30,000 for low-to-moderate income (<=80% AMI) first-time homebuyers in NNHC's Northern Utah service area. Funds usable for down payment and closing costs. Affordability period typically 5 years with proportional forgiveness. Funding comes from Local, HOME, and CDBG.

HomeChoice Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Due on sale, refinance, or non-occupancy during 5-year affordability period and proportional forgiveness over the term. 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.

HomeChoice Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Per first-mortgage lender (typically 620+); NNHC does not impose separate floor. A homebuyer education course is required, through NNHC HUD-approved homebuyer education required (HUD-certified counselor on staff); nnhcorp.org. Residency requirement: Property must be in NNHC service area (Cache, Box Elder, Rich Counties). Citizenship or immigration status: Per HOME eligible-status rules. First-time homebuyer (no primary-residence ownership in last 3 years). Household income at or below 80% AMI for service area; income range $18,350-$124,950 by household size. Property must be in NNHC service area (Cache, Box Elder, Rich Counties). Minimum $1,000 borrower contribution. Must complete NNHC homebuyer education. 5-year affordability period typical; proportional payback if home sold during period.

HomeChoice Program limits household income to 80% of the area median income, which varies by county and household size. Up to 80% AMI for NNHC service area; $18,350 (1-person, low) to $124,950 (8-person household, high) per HUD income limits. The limit applies to total household income, not only the borrower&rsquo;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.

HomeChoice Program caps the purchase price as follows: Per HOME-program purchase price limit for service area. Eligible property types include Single-family detached, townhouse, condominium, PUD. New construction is eligible. Manufactured homes are eligible.

HomeChoice Program names veterans, active-duty service members, reservists and National Guard members, surviving spouses, American Indian and Alaska Native homebuyers, educators, law enforcement officers, firefighters, healthcare workers, and homebuyers with disabilities 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.

HomeChoice Program serves homebuyers purchasing in Logan|Brigham City|Tremonton, Utah. The program targets specific areas: Cache, Box Elder, and Rich Counties (Northern Utah).

Applications for HomeChoice Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Borrower applies through NNHC; reservation upon eligibility approval. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.