FAQs
Buying your first home can feel overwhelming, especially when new and exciting opportunities like Arroyo Crossing become available.
This is why we’ve developed this FAQ page to help answer some of the more common questions.
Don’t see your question here? Feel free to send us a message.
Ready to buy your first home and get the pre-qualification started? That’s great!
Click here to get started.
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Anyone who is working in Grand County, lives in Grand County and works remotely, or has lived in Grand County for at least 2 years is eligible to apply. Same is true for northern San Juan County.
You must not already own a property.
Your household income must be below $120,000.
What makes our twinhomes special is we use professional homebuilders (not volunteers) and require no sweat equity from the home buyer.
You can learn more about eligibility here.
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Yes, depending on when a buyer commits to a purchase, a qualified buyer may choose finishes that are available at an appropriate time during construction.
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Realtors are not involved with the transaction, saving you thousands of dollars on an already big purchase! You will work directly with Territorial Land Company, your lender of choice (if applicable) and the staff at Arroyo Crossing to complete the home sale.
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Closing costs depend on a individual's specific financing lender and required down payment. However, standard closing costs of the title company largely apply to the seller and very little to the buyer.
The closing costs on homes in Arroyo Crossing are typically lower in cost than a traditional real estate transaction.
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The home must be continually used and occupied by the owner as his/her primary residence (minimum 9* months of the year).
You may have an additional tenant(s) living with you, but you cannot rent the home out in its entirety without the primary owner living there as well.
There are exceptions for family health needs, temporary employment opportunities out of town, etc. An application to the Arroyo Crossing Board would need to be submitted for permission.
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The homeowner does not own the land, however, you enter into a 99 year lease with Arroyo Crossing on the land.
You are then given 100% control of both the land and the house upon purchase, pursuant to the covenants, conditions, and restrictions (CCRs) of the Arroyo Crossing Subdivision.
The idea being, the land will never be sold out from under you, or altered in any way through your ownership of the home. And being the land was gifted to MACLT, this is the best and simplest way to build affordable housing in Moab, without the burden of acquiring your own land in an ever decreasing landscape of buildable lots in Grand County.
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Yes!
However, there are some restrictions regarding % of equity growth, in order to abide by the convenances of the Arroyo Crossing subdivision. To learn more about how this works, please send us an email. We’re happy to explain it further.
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Yes, there are three other organizations currently building in Arroyo Crossing:
B. Housing Authority of Southeastern Utah (HASU)
C. Utah Housing Corp (units for lease)
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The Moab Area Community Land Trust (MACLT) was gifted a large parcel of land to help bridge the gap in affordable housing. The MACLT then started looking for partners who could build homes on this land, meeting certain criteria and standards.
In short, because the home buyer does not have to factor in the cost of the land, it brings the total cost of the home down substantially.
Territorial Land Company contracts with professional home building companies.
To learn more, click here.
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While we don’t provide buyer financing, we can connect you with a financing expert who can assist.