New program helps families get homes in rising market
Nov 13, 2021, 9:36 AM | Updated: Jun 8, 2022, 4:48 pm
FILE - A for sale sign stands in front of a house, Tuesday, Oct. 6, 2020, in Westwood, Mass. The Department of Justice and the Consumer Financial Protection Bureau are warning mortgage servicers and landlords to heed rules meant to protect members of the U.S. military against foreclosure, eviction and other potential housing-related financial hardships during the pandemic. The move, announced Monday, Dec. 20, 2021, comes as forbearance programs put in place in the early weeks of the pandemic last year to allow homeowners to hit pause on their mortgage payments are set to expire at the end of the month. (AP Photo/Steven Senne, File)
(AP Photo/Steven Senne, File)
OGDEN, Utah (AP) — A new program aimed at helping working professionals afford homes in the skyrocketing Utah housing market.
People who have jobs like teachers, health care workers, firefighters and police officers can get help through the Rocky Mountain Homes Fund.
So far they have helped six families in Weber County and they are hoping they can help many, many more people across Utah.
It assists in covering the down payment on a home, typically 20% of its value.
It also helps homeowners get a reasonable interest rate on their home loans so they can afford the monthly mortgage payments.
