Are you a first-time homebuyer in Tennessee? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for residents of the Volunteer State. Explore a variety of programs, including down payment assistance and favorable mortgage options, designed to make homeownership more attainable. Start your exciting journey towards owning a home in Tennessee today.
State-Wide Programs
| Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|
| Up to $7,500 in down payment assistance | Homebuyers that are veterans or active duty military and can meet income requirements | Grant | |
| Down payment and closing cost assistance - amount not specified | First time homebuyers that can meet income requirements | Second loan | |
| Up to $7,500 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Second mortgage | |
| Reduced monthly mortgage payments - amount not specified | First time homebuyers enrolled in housing choice voucher program and meet credit score requirements | Subsidy | |
| Low to no interest primary home loan | First time homebuyers that can meet income requirements and buying new construction | Loan |
Regional Programs
| County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Bledsoe | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Bradley | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Carter | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Davidson | Up to $15,000 in down payment assistance | Homebuyers that can meet income requirements | Not specified | |
| Greene | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Grundy | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Hamilton | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Hancock | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Hawkins | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Johnson | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Marion | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| McMinn | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Meigs | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Polk | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Rhea | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Rutherford | Up to $15,000 in down payment assistance | Homebuyers that can meet income requirements | Not specified | |
| Sequatchie | Up to 5% of pruchase price you can use for down payment assistance | Any homebuyer that can meet the income requirements | Second mortgage | |
| Shelby | Up to $3,500 in down payment assistance | Homebuyers that can meet income requirements | Second loan with a 5% interest rate | |
| Sullivan | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Sullivan | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Sumner | Up to $15,000 in down payment assistance | Homebuyers that can meet income requirements | Not specified | |
| Unicoi | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Washington | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Washington | Down payment assistance - amount not specified | Homebuyers that can meet income requirements | Not specified | |
| Wilson | Up to $15,000 in down payment assistance | Homebuyers that can meet income requirements | Not specified |
City Programs
| City | Program | Assistance Offered | Who Should Apply | Assistance Type |
|---|---|---|---|---|
| Bluff City | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Bristol | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Chattanooga | Up to 5% pruchase price that can be used for down payment assistance | Homebuyers that can meet income and credit score requirements | Second mortgage | |
| Clarksville | Up to $5,000 in down payment assistance and up to 6.5% of sale price for closing costs | First time homebuyers that can meet income requirements | Second mortgage with a 0-3% interest rate | |
| Johnson City | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Kingsport | Up to $10,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Second loan | |
| Knoxville | Down payment assistance - amount not specified | Any homebuyer that can meet the income requirements | Not specified | |
| Memphis | Up to $10,000 in down payment assistance | First time homebuyers that can meet income requirements | Lien with a 0% interest rate | |
| Memphis | Up to $5,000 in down payment assistance | First time homebuyers that can meet income and credit score requirements | Second mortgage with a 5% interest rate |
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