Which Utah Builders Have New Homes Under $450,000 That Qualify for the First-Time Buyer Grant?
It changes from week to week. Some builders carry more inventory under $450,000 than others at any given moment, and homes priced under that line come and go as fast as they’re built and sold. Right now, the Utah County builders with homes priced under $450,000 include Arive Homes, Century Communities, DR Horton, Edge Homes, Fieldstone Homes, Flagship Homes, Lennar, McArthur Homes, Oakwood Homes, and Salisbury Homes — with Ivory Homes, Richmond American Homes, and Woodside Homes also likely, though not confirmed on every current listing.
The grant most buyers are asking about is Utah’s SB240 First-Time Homebuyer Assistance Program — up to $20,000 toward a down payment, closing costs, or a permanent rate buydown on a newly built home priced at $450,000 or less. As of right now it’s still funded and still has money available. That can change as the program works through its budget, so it’s worth confirming current funding before you count on it as part of your numbers.
Because which builders actually have qualifying inventory shifts as homes sell and new phases release, memorizing a builder list isn’t the useful move. The useful move is having someone checking current inventory against the $450,000 line before you fall in love with a floor plan that’s since crept over it.
Full breakdown: Lender Rate vs. Builder Rate: How Much House Can You Actually Afford in Utah? · Utah Builder Incentives