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Update: Home Run Grant is now out of money.

The Home Run Grant is a mortgage assistance program that grants $6,000 to home buyers who purchase a newly-constructed, never-occupied primary, single-family residence in Utah.

You are eligible if:

• You meet the following income restrictions:
  • Single person, $75,000
  • Married couple, $150,000
  • If more than one unmarried person is taking title to the Eligible Home,
    each such single person is subject to the $75,000 income limit.
• You must occupy the purchased home as a primary, permanent residence no later than 30 days after closing.
• If home buyers need a mortgage loan to purchase the home, the loan must be a fixed interest rate, amortizing mortgage loan with a term of 30 years or
  less.  Cash buyers can also qualify by contacting Utah Housing Corporation
  directly.
• The Home Run Grant Program is effective for home purchases closed after a Home Run Grant Commitment has been issued for that specific transaction.
  Unfortunately, the funds may not be used for homes purchased without the Home Run Grant Commitment.
• You must purchase a newly-constructed, single-family residence with a
  certificate of occupancy.
• You must work with an approved Home Run Lender.

This is a first come, first serve grant and as of April 9th only 1,393  grants remain. A total of 1,600 grants were available when the program was first released a little less than a month ago.

This grant can be combined with the $8,000 federal tax credit for a total of $14,000 if you are a first time home buyer and qualify for the federal tax credit.

If you have other questions or would like to apply for the Home Run Grant please feel free to contact me.

Mike Harrison    Send me an email
Qualify Now Online
Principal Lending Manager

First Federal Mortgage, Inc
Salt Lake City, Utah
801-404-3540 Cell
888-800-1629 Toll Free