Home Sweet Ogden

Ogden
Ogden City provides up to $5,000 toward down payment and closing costs for participants purchasing an ACA home in Ogden. ACA homes are HUD repossessions: homes acquired and completely remodeled by Ogden or new homes built in Ogden's older neighborhoods, consistent with historic styles. Certified police officers, fire fighters, EMTs, and Ogden School District teachers are given a one-week preference to make offers on homes before the general public. Buyers may also be eligible for down payment assistance and may be required to occupy the home for a set number of years.

Qualifications:

• 115% or 80% or less AMI
  (see Area Median Income Levels) depending on home.

Requirements:

• Complete 8-hour homebuyer education course.
• Contribute minimum $500 to down payment and closing costs.
• Purchase price cannot exceed $200,160 for single-family home.

Contact:

Ogden City Community Development Division
Attn: Landon Halverson
2549 Washington Blvd., Ste. 120
Ogden, UT 84401
(801) 629-8995
(801) 629-8996 (fax)
landonhalverson@ogdencity.com
www.ogdencity.com/neighborhood.homesweet.html

Own in Ogden

Ogden
Ogden City provides up to $5,000 in 0% interest, deferred payment loans for participants purchasing homes in targeted areas of Ogden (see map on page 31). Funds may be used for down payment or closing costs, or toward the principal mortgage balance. The amount received is dependent on the location of the home. Ogden City Police Officers and Firefighters are eligible for up to $10,000. Loans are forgiven at 10% each year over 4 years, then the remaining 60% credited after 5 years of residency.

Qualifications:

• 80% or less AMI (see Area Median Income Levels).
• Qualify for mortgage through FHA, VA, or conventional lender.
• Expense to income ratio does not exceed 43%.

Requirements:

• Complete 8-hour home buyer education course.
• Contribute minimum $500 to down payment and closing costs.
• Purchase price cannot exceed $200,160 for single-family home.

Contact:

Ogden City Corp.
Attn.: Cheryl Hurley
2549 Washington Blvd., Ste. 120
Ogden, Utah 84401-1333
(801) 629-8906
(801) 629-8996 (fax)
cherylhurley@ogdencity.com
www.ogdencity.com/neighborhood.guideline070107.html