home down payment assistance | Layton City Economic Development

Davis County, Layton City Combine Home Down Payment Assistance

Community Development, Economic News | Davis County, home down payment assistance, home ownership assistance loan, Layton City

Home prices in the past few years have markedly increased throughout the state. Davis County leaders recognized this unprecedented challenge to home ownership and recently created a helpful program to assist low-to-moderate-income households purchase a home they otherwise would never be able to afford. Income qualified individuals and households looking to purchase a home in […]

Layton City Increases Home Down Payment Grant to Help Homebuyers

Community Development, Economic News | Affordable Housing, available housing, CDBG, Home Down Payment, home down payment assistance, housing prices, mortgage payment, rising interest rates

Mortgage rates in Utah recently increased from 3.76% in February to 5.87% in June, one of the most drastic increases on record in such a short timeframe. According to the University of Utah’s Kem C. Gardner Policy Institute consumers typically see prices moderate or even stall with such rapidly rising rates. However, Utah’s housing prices […]