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​​The TIME Team

Contact Us for a Private Conference to Determin If You Qualify


The Down Payment Assistance (DPA) program administered by Community Development Corporation of Utah (CDCU) is federally funded and is to be used to help income-eligible, first-time homebuyers purchase single family residences. Funds may only be used for down payment requirements and/or closing costs associated with a first mortgage. There are a limited number of deferred loans/grants available each year and qualified applicants will receive their financial award on a first come, first served basis—no waiting lists.  All information may not be current and is subject to change at any time.

Down Payment Assistance


The HUD-approved homebuyer education class & counseling must be completed before  applicants may apply for down payment assistance.  An application will not be considered complete without certificates of completion for these.
For information on our classes & a link to a statewide schedule, please visit our homebuyer education page.

  • Household income* cannot exceed 80% of the area median income.
  • Household income includes all income earned by all adults (18 years or older) living in the home.
  • ​If you make no more than the guidelines listed below you are eligible to apply.

Household Size Maximum Yearly Household Income
1 Person $38,500
2 Persons $44,000 
3 Persons $49,500
4 Persons $54,950
 5 Persons $59,350
6 Persons $63,750
7 Persons $68,150
8 Persons $72,550

Table shows 80% of AMI in the Salt Lake County Metropolitan Statistical Area as of December 18, 2013.

  • Maximum debt-to-income ratio: 45%*
  • Maximum property value: $186,000
  • Maximum property value in Murray: $250,000

Buyer must contribute the greater of 1% of the contract sales price or $1,000 in personal funds toward purchase (gift funds may count toward this).
Total down payment at closing (including DPA funds) cannot exceed 10% of sales price
Mortgagees must comply with FHA fees guidelines (lender fees cannot be excessive)

*Income & debt ratio calculation notes: We do not "gross up" non-taxable income (i.e. Social Security) when determining household income or calculating debt ratios.  We take the full amount awarded before any deductions.