Own in Ogden - DPA Program

Own in Ogden - DPA Program is a deferred second loan for homebuyers in Ogden, Utah. Own in Ogden is a place-based DPA program funded by Ogden City to encourage homeownership in target neighborhoods. Provides deferred-payment, forgivable second-mortgage DPA of up to $10,000 (higher tiers available for city employees and target census tracts). 5-year affordability period. Up to $10,000 deferred-payment, forgivable second-mortgage DPA for owner-occupied homebuyers purchasing in target Ogden City neighborhoods. Higher amounts may be available for city employees or in specifically targeted census tracts. Maximum purchase price $430,000-$467,000 (varies by tier). 5-year affordability period. loan forgiven if borrower remains in home. Funding comes from Local, HOME, and CDBG.

Own in Ogden - DPA Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Forgiven over 5-year affordability period and due on 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.

Own in Ogden - DPA Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Minimum 620 FICO; 660 FICO for some tiers. A homebuyer education course is required, through HUD-approved homebuyer education required (NeighborWorks Salt Lake or similar). Residency requirement: Property must be in Ogden City. Citizenship or immigration status: Per HOME/CDBG eligible-status rules. Property must be located in Ogden City (specific target neighborhoods for higher tier). Household income at or below 80% AMI for Weber County ($67,500-$127,250 by household size). Purchase price at or below tiered limit ($430,000 standard / $467,000 target). Minimum 620 FICO (660 for some tiers). Minimum $1,000 borrower contribution. Must complete HUD-approved homebuyer education. 5-year affordability period.

Own in Ogden - DPA Program limits household income to 80% of the area median income, which varies by county and household size. Up to 80% AMI for Weber County HUD limits; $67,500 (1-person) to $127,250 (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.

Own in Ogden - DPA Program caps the purchase price at $467,000. Eligible property types include Single-family detached, townhouse, condominium, PUD. New construction is eligible. Manufactured homes are not eligible.

Own in Ogden - DPA 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.

Own in Ogden - DPA Program serves homebuyers purchasing in Ogden, Utah. The program targets specific areas: Designated Ogden City target neighborhoods qualify for higher DPA award and purchase price limit.

Applications for Own in Ogden - DPA 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 Ogden City Community Development; reservation upon 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.