The American Dream Grant provides eligible households with $7,500 in assistance funds that may be used toward down payment. These grant funds are available throughout the year and are available to first-time home buyers.
- Grant funds supplied by the Salt Lake Board of Realtors
- Funds can be used for a down payment only
- Must qualify for a mortgage and supply a pre-approval letter
- Must be a first-time homebuyer
- Minimum credit score 640
- Household income limits apply. ($102,400 for 1-2 individuals, or at/below $117,700 for 3 or more individuals)
- Must purchase a property within 90 days after accepting the grant
- Buyer must work with a Realtor for help in purchasing the property