The Utah Housing Corporation (UHC) offers a down payment assistance program, but unfortunately it is not a grant. There is, however, a $2,000 grant that first time home buyers can receive every year.
The good news is that the UHC offers the Homebuyer Tax Credit, which is a dollar-for-dollar reduction in your federal taxes worth 25% of the interest you pay on your mortgage annually, up to $2,000. So you can pay the $2,000 in income taxes, or you can keep the $2,000. The net effect is that this program is a $2,000 annual grant to you.
To find out more about this subsidy, visit the UHC fact sheet here, or contact them directly at:
Utah Housing Corporation
2479 South Lake Park Blvd.
West Valley City, Utah 84120
Main phone: 801.902.8200
800.284.6950 Toll FREE