Own in Ogden Program
Own in Ogden funds are available on a first-come, first-served basis.
Own in Ogden funds may be combined with other Down Payment Assistance programs. Call for details.
About the Program
Own in Ogden is a loan program to assist home buyers with the down payment or closing costs of purchasing a home citywide.
USE OUR INTERACTIVE ZONING MAP - Check this link to see if the proposed property is within Ogden City Boundaries. BEGIN HERE
Summary
- Buy a new construction home up to $432,000.00 or buy an existing home up to$428,000.00.
- This program can be used for ALL applicants, not just first-time buyers.
- Loans can be used for down payment, closing costs, or principal reduction toward the first mortgage loan balance.
- Income guidelines apply. See chart below. These numbers are after the 80% AMI calculation.
- Borrower(s) must provide $500 of his/her own money toward the purchase. Borrower(s) cannot receive funds at closing ($0.00).
- Persons purchasing their primary residence in Ogden can receive up to a $10,000 loan.
- State-certified K-12 classroom teachers or administrators in schools which serve Ogden City students can receive a $15,000 loan when buying their primary residence within Ogden city limits.
- Ogden City employees and new hires who reside outside Ogden City boundaries, or who rent within Ogden City, can receive up to a $15,000 loan to buy a home as their primary residence in Ogden.
- Ogden City sworn Police Officers and Ogden City Firefighters can receive a $20,000 loan when buying their primary residence within Ogden city limits.
- Our funds may be combined with other Down Payment Assistance programs. Ogden City evaluates lien position on a case-by-case basis. We will consider 3rd place lien positions. Contact us for questions and scenarios.
- Zero percent interest, deferred-payment loan that is repaid in full in the event of sale or if the borrower discontinues property as primary residence. Loans are repayable . They are not forgiven based on time in home.
- Loans are for households with incomes at or below 80% of the area median income (AMI). The numbers below reflect the 80% calculation.
Persons in Household | Maximum Gross Income |
1 | $59,600 |
2 | $68,100 |
3 | $76,600 |
4 | $85,100 |
5 | $91,950 |
6 | $98,750 |
7 | $105,550 |
8 | $112,350 |
Qualifying Income numbers effective 06/15/23. Numbers update annually in June.
Application and applying Information
To apply for funds and get program details: Own in Ogden Guidelines and Application Fillable PDF). There are forms in this package the buyer, seller and lender will need to sign and/or notarize. Some signatures cannot be done online. Print, sign, scan and upload using the secure link below.
Secure Document Upload Link: Own in Ogden Program - Secure Document Upload. After you have completed the application above, upload the application and supporting documentation. You may only upload 5 documents at a time due to size restrictions. You may need to use the link 4-5 times to submit a complete package. Add the applicant(s) on each link submission.
TURN TIME Note: We are experiencing a high volume of file submissions at this time. We do our very best to turn complete submission files within 15 business days. Piece mill packages delay our process and take up to 20 business days to process. . Loan Commitments nor wires can be requisitioned until the certificate to occupy has been signed. Once the commitment is signed and requisitioned, it takes 5 business days for us to get the wire.. Those days are built into the aforementioned time frames. We do not have capacity to rush wires.
Inspection Note: Please remember safety inspection repairs/modification items can take all of us outside these timeframes. The loan commitment nor wires can be issued/ordered until all inspection repairs/modifications have been completed and the Clear to Occupy has been granted.
Homebuyer Education Course - Utah State University Online Course (click to open). Currently this is the only HUD approved class in Utah we know of. We cannot accept Fannie Mae/Freddie Mac homebuyer education certificates at this time.
Use this document for Useful tips for Real Estate Agents and Lenders (PDF). Look here to get answers to our most Frequently Asked Questions (PDF).
Mortgagee - All loans are secured by a Deed of Trust.
Loan Subordination - Ogden City Subordination Guidelines (pdf)
Loan Payoffs and Loan Servicing: AmeriNat, P.O. Box 123, Downey, CA 90241 Email: payoffs@amerinatls.com Phone: 800-943-1988
Own in Ogden funds may be combined with other Down Payment Assistance programs. Call for details.