Tennessee offers 34 down payment assistance programs to help homebuyers cover their down payment and closing costs. This includes 2 grant programs that never require repayment. Programs range from statewide options administered by the state housing finance agency to local city and county programs targeting specific communities.
Maximum assistance available reaches $50,000 through the most generous program. Credit score requirements start as low as 600 for some programs. Most programs require the home to be your primary residence, and many require homebuyer education.
Top Down Payment Assistance Programs in Tennessee
Highlighted programs that combine high assistance amounts with statewide or major-metro availability. See the full list below.
City of Chattanooga First-Time Homebuyer Grant and Loan Program
verifyCity of Chattanooga Housing and Community Investment Division / Chattanooga Neighborhood Enterprise (CNE)
0% interest (down payment (max UP TO $10,000 grant (closing costs) + UP TO $40,000 at 0% interest (down payment) = UP TO $50,000 combined for households at 80-100% AMI)
The Housing Fund
verifyThe Housing Fund
UP TO $35,000 (more for Shared Equity programs)
Down Payment Assistance
openThe Housing Fund
10 (max $35,000)
City of Memphis DPA
verifyCity of Memphis Division of Housing and Community Development
10% of purchase price (max (max UP TO 10% of purchase price (max $25,000))
City of Clarksville First-Time Homebuyers
verifyCity of Clarksville Community Development
UP TO $25,000
Grant Programs (2)
Grants are the gold standard of down payment assistance. You receive the money and never have to pay it back.
City of Chattanooga First-Time Homebuyer Grant and Loan Program
City of Chattanooga Housing and Community Investment Division / Chattanooga Neighborhood Enterprise (CNE)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 100% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $300,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
Grant portion (up to $10,000): no repayment. Loan portion (up to $40,000): 0% interest, due in full at resale or cash-out refinance.
Additional Requirements
Borrower must use home as primary residence for duration of loan period. Loan is due in full on resale or cash-out refinance. Applications accepted on rolling basis, first-come first-served until funds depleted.
Notes
First-time homebuyer required
Down Payment Assistance
Confederated Tribes of Grand Ronde - Housing
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Forgivable Loans (4)
Forgivable loans are forgiven after a set period of living in the home. If you stay, you keep the money.
City of Memphis DPA
City of Memphis Division of Housing and Community Development
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Amounts over $15,000 forgiven after 10 years of owner-occupancy
Notes
First-time homebuyers required. Occupancy requirement: Primary residence
City of Clarksville First-Time Homebuyers
City of Clarksville Community Development
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 50-80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Down payment portion forgiven after 5 years 1 month; closing cost portion forgiven after 10 years
Additional Requirements
Funded through HOME funds
Notes
First-time homebuyers required. Occupancy requirement: Primary residence
City of Memphis Homebuyer Incentive Program for MSCS Employees
City of Memphis Division of Housing and Community Development (HCD)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- No income limit
- Min Credit Score
- Not specified
- Property Types
- single-family
- Max Price
- $300,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- No
Repayment Terms
Forgivable over a period of affordability contingent on continued MSCS employment and occupancy. Amount over $15,000 forgiven after 10 years of owner-occupancy per parent DPA program structure.
Additional Requirements
Must remain employed and in good standing with MSCS during period of affordability. No other property ownership allowed at time of purchase.
Notes
Not required to be first-time homebuyer, but may not own any other property at time of purchase
THDA County First Initiative
Tennessee Housing Development Agency (THDA)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Varies by county and household size
- Min Credit Score
- 640+
- Property Types
- Not specified
- Max Price
- $400,000
Quick Facts
- Loan Types
- FHA, USDA, Conventional
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
10-year forgivable loan at 0% interest with no monthly payments. Forgiven in full after 10 years of owner-occupancy. Due in full on sale, refinance, or if property ceases to be primary residence before 10 years.
Additional Requirements
Must pair with a THDA Great Choice Home Loan. Existing home purchases only; new construction not eligible. Special lower fixed interest rate offered. Homebuyer education required.
Notes
First-time homebuyer required; repeat buyers may qualify in targeted areas. Waived for qualifying military/veterans.
Deferred Payment Loans (22)
Deferred loans require no monthly payments while you live in the home. You repay when you sell, refinance, or move out.
Down Payment Assistance
The Housing Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
First-Time Homebuyer Program
Clarksville - Neighborhood and Community Services
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, 3 units, 4 units, Condominium, Townhouse/PUD
- Max Price
- $282,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Fully Amortizing
Citywide DPA (CWDPA)
Memphis - Div. of Housing and Community Develop.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $300,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Memphis Housing Authority (MHA)
Memphis - Div. of Housing and Community Develop.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $300,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Section 8 Homeownership Program (SHAPE)
Memphis - Div. of Housing and Community Develop.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $300,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Targeted Area DPA (TADPA)
Memphis - Div. of Housing and Community Develop.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $300,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Northeast Tennessee/Virginia HOME Consortium DPA Program
Northeast Tennessee/Virginia HOME Consortium; administered by First Tennessee Development District (FTDD)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Low-moderate income
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Deferred payment loan, due-on-sale. No monthly payments required. Full repayment triggered on sale or transfer of property.
Additional Requirements
Subsidy analysis prepared to determine exact assistance amount. Applicants encouraged to contact FTDD before submitting application. Federal HOME program rules apply. Subject to 2025 HUD funding uncertainty.
Notes
First-time homebuyers required per HOME program requirements
CNE Down Payment Assistance
Chattanooga Neighborhood Enterprise
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Repayment Terms
Fully Amortizing
Freddie Mac HFA Advantage - Amortizing
Tennessee Housing Development Agency
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- $400,000
Quick Facts
- Loan Types
- Freddie Mac
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Not specified
Great Choice Plus - Amortizing
Tennessee Housing Development Agency
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- $400,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Not specified
Interest Rate
Interest rate is the same as the first mortgage.
Repayment Terms
Fully Amortizing
Affordable Homeownership Program
Northeast Tennessee/Virginia HOME Consortium
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD, Manufactured
- Max Price
- $261,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Down Payment Assistance Program
Shelby County Department of Housing
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $400,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Freddie Mac HFA Advantage - Deferred
Tennessee Housing Development Agency
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- $400,000
Quick Facts
- Loan Types
- Freddie Mac
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Not specified
Interest Rate
0%
Repayment Terms
Deferred Payment - Repayment at sale or refinance
Great Choice Plus - Deferred
Tennessee Housing Development Agency
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- $400,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
City of Knoxville DPA
City of Knoxville Community Development
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- Low-moderate income
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Varies by project
Additional Requirements
Program currently closed to general applicants. Only homes from approved developers eligible
Notes
Check program requirements; currently limited availability. Occupancy requirement: Primary residence
The Housing Fund Community Land Trust (CLT) Program
The Housing Fund (nonprofit CDFI)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
N/A for CLT subsidy - land lease structure. Buyers pay a nominal annual ground lease fee. On resale, home must be sold at an affordable price per CLT formula.
Additional Requirements
CLT model creates permanent affordability by keeping land in trust. Created in 2017. Homes on CLT land must be sold per CLT resale restrictions to preserve affordability for future buyers.
Notes
Program serves households at or below 80% AMI in the Nashville area; check requirements with THF directly
AHR Tennessee Downpayment Partnership
Affordable Housing Resources (AHR) / Wells Fargo / NeighborWorks America
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred loan due on sale; no monthly payments required. Repaid funds are reinvested to assist the next first-time homebuyer.
Additional Requirements
Program is administered by AHR in partnership with Wells Fargo NeighborhoodLIFT and NeighborWorks America. Funding availability may be limited. Confirm current availability before proceeding.
Notes
Available to both first-time and repeat buyers in Nashville-Davidson County
City Down Payment Assistance
Chattanooga Neighborhood Enterprise
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- No
Downpayment Assistance Program
City of Knoxville
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Affordable Housing Assistance
City of Murfreesboro
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayment at sale or refinance
Chenoa Fund FHA Down Payment Assistance Forgivable
CBC Mortgage Agency (Chenoa Fund)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Leasehold, Condominium, Townhouse/PUD, Manufactured
- Max Price
- $766,550
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Chenoa Fund FHA Down Payment Assistance Repayable
CBC Mortgage Agency (Chenoa Fund)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, Leasehold, Condominium, Townhouse/PUD, Manufactured
- Max Price
- $766,550
Quick Facts
- Loan Types
- FHA
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
Note rate 1% above the first mortgage note rate
Repayment Terms
This loan does require a monthly payment on the second mortgage.
Second Mortgages (5)
These programs provide DPA as a second mortgage, sometimes with monthly payments, sometimes deferred.
The Housing Fund
The Housing Fund
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- 120% AMI
- Min Credit Score
- 600+
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
5% fixed rate
Repayment Terms
Amortizing second mortgage at 5% fixed rate; must be fully repaid; lender must be FHA-approved in Tennessee; borrower must contribute at least 1% of sales price
Notes
Check program requirements. Occupancy requirement: Primary residence
Chattanooga Neighborhood Enterprise (CNE) DPA Program
Chattanooga Neighborhood Enterprise, Inc. (CNE) / Chattanooga Neighborhood Lending
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- Varies by household size; income-based e...
- Min Credit Score
- 640+
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
Same as first mortgage rate
Repayment Terms
$15,000 option: second mortgage loan, monthly payments begin after closing, amortizes over loan term at rate of first mortgage but no less than 3%. $25,000 option: 15-year second loan at same rate as first mortgage.
Additional Requirements
Homebuyer education course required. CNE also offers ITIN mortgage products for non-SSN buyers.
Notes
Open to both first-time and repeat homebuyers. Homebuyer education course required.
THDA Great Choice Plus DPA
Tennessee Housing Development Agency (THDA)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Varies by county
- Min Credit Score
- 640+
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- FHA, USDA, Conventional
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
Deferred option: 0% interest, no monthly payments, forgiven at end of 30-year term or due on sale/refinance. Amortizing option: 30-year repayment at same rate as first mortgage.
Additional Requirements
Must be paired with a THDA Great Choice first mortgage. Homebuyer education required (max $99 cost)
Notes
First-time homebuyers required; repeat buyers eligible in targeted areas. Occupancy requirement: Primary residence
THDA Homeownership for Heroes
Tennessee Housing Development Agency (THDA)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Varies by county and household size
- Min Credit Score
- 640+
- Property Types
- Not specified
- Max Price
- $400,000
Quick Facts
- Loan Types
- FHA, VA, USDA
- Assistance Type
- second mortgage
- Profession
- veterans, first responders, law enforcement
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
Deferred option: $6,000 at 0% interest, no payments, forgiven at end of 30-year term; due in full on sale or refinance before term. Amortizing option: up to $15,000 at same rate as first mortgage, 30-year repayment.
Additional Requirements
Must pair with a THDA Great Choice Home Loan. Homebuyer education course required (max $99). Primary residence only, must occupy within 60 days. Subject to federal recapture provisions if sold within first 9 years.
Notes
First-time buyer requirement WAIVED for active duty, National Guard, retired military, and veterans in all Tennessee counties. Firefighters, EMTs, paramedics, and law enforcement must be first-time buyers.
Shelby County Department of Housing DPA Program
Shelby County Department of Housing (SCDH)
Eligibility Snapshot
- First-Time Buyer
- Not specified
- Income Limit
- 2 or fewer: $26,100 - $85,990; 3 or more: ...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $300,000
Quick Facts
- Loan Types
- FHA, VA, USDA, Conventional
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
2 or fewer: $26,100 - $85,990; 3 or more: $26,100 - $98,888
Check AMI limits for your county →Interest Rate
3% fixed rate
Repayment Terms
3% fixed rate second mortgage, repayment up to 15 years (180 months). Effective February 15, 2023. Total debt ratio must not exceed 45%. Minimum $500 personal investment required.
Additional Requirements
Lender submits DPA application on behalf of buyer after home is under contract. Applications processed first-come, first-served. Funds subject to availability.
Notes
Good credit history and stable employment required; first-time buyer status not explicitly stated as required
How to Apply for Down Payment Assistance in Tennessee
-
1
Check Your Eligibility
Use our free eligibility tool to see which programs match your situation. Enter your state, city, income, and target home price.
-
2
Contact the Program Administrator
Each program has its own application process. Visit the program website or call the administering agency to get started. Many programs work through approved lenders.
-
3
Get Pre-Approved with a Participating Lender
Not every lender participates in every DPA program. Work with a lender who is approved for the programs you want. The program administrator can provide a list of approved lenders.
-
4
Complete Homebuyer Education (If Required)
Many programs require a HUD-approved homebuyer education course. Online options through eHome America and Framework are accepted by most programs.
-
5
Close & Move In
DPA funds are typically disbursed at closing alongside your first mortgage. Your lender coordinates the DPA program paperwork as part of the loan process.
Frequently Asked Questions
How much down payment assistance can I get in Tennessee?
Up to $50,000 through available programs in Tennessee. Multiple programs can often be combined for even more assistance. The exact amount depends on your income, location, and the specific program requirements.
Do I need to be a first-time homebuyer?
Not always. 13 programs in Tennessee are open to repeat buyers. "First-time buyer" is typically defined as not having owned a home in the past three years.
What credit score do I need?
As low as 600 for some programs. Most programs require 620-660. Higher credit scores may qualify you for more programs and better terms.
Can I combine multiple DPA programs?
In many cases, yes. Some programs are specifically designed to be layered with others. For example, you might combine a state grant with a local deferred loan. Check with each program administrator about stacking eligibility.
DPA Programs in Nearby States
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