Eagle Mountain City’s Mortgage Assistance Program reports successful first round
Eagle Mountain City’s new Mortgage Assistance Program has already begun making an impact, with nine applications received during its first round, which ran from Jan. 1 to Jan. 15.
The program, designed to make homeownership more attainable for public sector workers and other qualified applicants, will reopen for its next round from April 1 to April 15.
“We’re thrilled with the response we’ve seen so far,” said Eagle Mountain Director of Legislative Affairs Cliff Strachan. “This program represents an important step toward helping those who serve our community—like teachers, firefighters, and Sheriff’s Office deputies—achieve the dream of owning a home in the city they work so hard to support.”
Funded by the Eagle Mountain Redevelopment Agency under Utah’s Community Reinvestment Agency Act, the initiative is part of the City’s Moderate Income Housing Strategy.
It specifically targets households earning up to 120% of Utah County’s Area Median Income (AMI)—$109,500 for a family of four. Single applicants qualify at a maximum income of $91,600, while larger households can earn up to $151,800.
“Rising housing costs and mortgage rates have made homeownership challenging for many families,” Strachan said. “This program is about strengthening our community by ensuring those who help sustain our city’s essential services can also live here and thrive.”
The program also features unique incentives for public sector workers. While all participants who remain in their homes for the full 15-year term are eligible for prorated loan forgiveness, public employees—such as City staff and Alpine School District employees—can achieve full forgiveness with just five years of continued employment and homeowner occupancy.
“We designed this program to encourage long-term residency and community building,” Strachan added. “It’s incredibly rewarding to think about the difference this program can make for families, particularly those working in public service.”
Applications are accepted quarterly, with priority given to public employees. Intended for first-time homebuyers, eligible households must meet income, credit, and residency requirements, including maintaining the purchased home as their primary residence for at least 15 years.
Applicants must also contribute a minimum $1,000 down payment and complete a homeownership education course.
City leaders anticipate the program will help 40 households secure housing in 2025, bolstering the community by reducing financial barriers to homeownership.
“The Mayor and City Council are proud to support this initiative,” said Strachan. “It’s a tangible way to strengthen our community by investing in the people who make Eagle Mountain a better place to live.”
For more details on the Mortgage Assistance Program, including application requirements and deadlines, visit Eagle Mountain City’s website.