May not have owned a home in the last three (3) years.

U.S. citizen or legal permanent resident of the United States.

Must have employment in Wasatch County, or in the alternative, a valid, executed contract for future employment within Wasatch County.

Gross household income from all sources, including, but not limited to, employment, church/charitable donations, pensions, workers compensation, unemployment benefits, social security, alimony and child support, and AFDC/TANF, projected for the next twelve (12) months, may not exceed eighty (80) per cent of the Area Median Income (AMI) of Wasatch County for the actual applicant household size:​ 

• 1: $68,640, 2: $78,480, 3: $88,240
• 4: $98,080, 5: $105,920, 6: $113,760
• 7: $121,600, 8: $129,440

Applicant must be prequalified for the purchase price of the contracted property. Prior to closing, applicants must complete an approved home buyer education class and a personal financial counseling session. Approved source list will be provided.

• Funds may be used towards the down payment on a new or existing single family residence located in Wasatch County or a Ranch Landing condominium and may not be used to cover any closing costs.
• The first mortgage when combined with a second mortgage, as well as any other mortgages, grants, etc., may not result in cash back to the borrower.
• The sum of all financing may not exceed 100% of the cost to acquire the property plus any normal pre-paid expenses.
• All down payment assistance loans can be assumable as long as new owner meets the same requirements as determined and approved by The WCHA. Home must remain owner- occupied throughout life of loan.

• At the sole discretion of WCHA, a loan may be subordinated if the borrower’s account is current and payments have never been thirty (30) days late.

• Subordination will not be made lower than second position on the property title, and may not be granted if borrower is attempting a cash-out refinance. Subordination fee is $100.