fbpx

American Dream Grant

Homeownership matters. That is why the Salt Lake Board of Realtors® started the American Dream Grant. We love giving back to our community. We awarded four grants in 2019, five grants in 2020, and 12 grants in 2021. In 2022, we will be awarding 24 down payment grants ($5,000 each) to first-time homebuyers! These grants have been awarded to individuals including first responders, school district employees, single parents, veterans/military personnel, and more. Applications for the current grant are open until September 29 for school district employees (2) and all qualifying first-time homebuyers (2). Four winners will be selected – two from each category. Submitting multiple applications for the same grant does NOT increase your chances of winning. Applicants must be clients of Salt Lake Board of Realtors® members. The Salt Lake Board of Realtors® is happy to help people achieve the dream of homeownership!

REQUIREMENTS: First time homebuyer ǀ Credit score greater than 640 ǀ Household income at/below $102,400 for 1-2 people or at/below $117,700 for 3+ people ǀ Realtor is primary SLBR member ǀ Owner-occupied home (modular & manufactured homes qualify; mobile homes do not) ǀ Close on purchase within 90 days of grant closure date ǀ Be pre-qualified before applying

DETAILS: If transaction closes before the grant is awarded, the applicant is no longer eligible. If awarded a grant, a check is sent directly to the title company (not the grant recipient). Funds may be used for closing costs. This grant comes from SLBR Charities, a 501(c)(3) non-profit entity (#9561282-0140), which is funded by donations. The American Dream Grant does not need to be repaid, nor will any lien be placed on the home.