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Top 2019 Down Payment Assistance Programs (Up to $15,000) for Tennessee First Time Home Buyers

2019 Tennessee Housing Development Agency (THDA) Great Choice for First Time Home Buyers

  • First time home buyers
  • For middle / moderate income families
  • Requires a credit score of at least 640
  • Additional downpayment assistance available (up to 5%) for qualified Tennesseans (HHF-DPA)
  • Household income must be $95,900 or less depending on county and houshold size see income limits chart
  • Home purchase price must be $375,000 or less depending on county see purchase price limits

2019 Hardest Hit Fund Down Payment Assistance (HHF-DPA) Program for First Time Home Buyers

  • Provides a $15,000 down payment assistance regardless of the purchase price of the home
  • Assistance is a 10-year forgivable loan at 0% interest and no monthly payments
  • Must purchase an existing home (no new construction)
  • Works in conjunction with THDA Great Choice program
  • Must complete a THDA-certified Homebuyer Education class
  • See eligible zip codes below
37037 37040 37042 37073 37086 37110 37115 37148 37172 37186 37207 37208 37217 37218 37303 37311 37321 37323 37404 37406 37411 37412 37416 37660 37716 37721 37813 37821 37871 37912 37914 37917 37921 37924 38012 38016 38018 38053 38063 38105 38107 38109 38111 38115 38116 38122 38125 38127 38128 38133 38134 38135 38141 38301 38305

2019 - The Housing Fund Down Payment Assistance for Current or First Time Home Buyers

  • Up to $35,000 loan for down payment
  • 5 to 8 percent interest rate based on income tier and loan type
  • 10 to 15 year term based on loan amount
  • Home must be the buyer's primary residence
  • First mortgage lender must be FHA approved in Tennessee
  • Homebuyer Education, provided by a THDA-certified counselor, must be completed prior to closing (online class available)
  • Borrowers must contribute at least 1% of sales price to the purchase
  • No bankruptcy in past 3 years
  • Household income must be $90,450 or less depending on county and houshold size... see income limits chart below
County AMI 1 person 2 people 3 people 4 people 5 people 6 people 7 people 8 people
Nashville-Davidson Tier 1 80% $38,400 $43,850 $49,350 $54,800 $59,200 $63,600 $68,000 $72,350
Nashville-Davidson Tier 2 100% $48,000 $54,850 $61,700 $68,500 $74,000 $79,500 $85,000 $90,450
Clarksville-Montgomery Tier 1 80% $30,200 $34,500 $38,800 $43,100 $46,550 $50,000 $53,450 $56,900
Clarksville-Montgomery Tier 2 100% $37,750 $43,150 $48,500 $53,900 $58,200 $62,500 $66,850 $71,150
Maury Tier 1 80% $31,500 $36,000 $40,500 $44,950 $48,550 $52,150 $55,750 $59,350
Maury Tier 2 100% $39,400 $45,000 $50,650 $56,200 $60,700 $65,200 $69,700 $74,200
All Other Tennessee Counties contact us

2019 USDA 100% Financing Program for First Time Home Buyers

  • For first time home buyers
  • No down payment required
  • Requires a credit score of at least 640
  • Property must be located in targeted area.
  • Maximum household income varies from $54,600 to $89,600 depending on county and houshold size
  • Maximum home purchase price varies from $240,000 to $275,000 based on county
  • PMI (Private Mortgage Insurance) not required
  • Seller can contribute up to 6% of purchase price toward closing costs

2019 America's Home Buyer Solution for Current or First Time Home Buyers

  • For first time home buyers AND current homeowners
  • Get up to 2.5% Down Payment Grant toward the purchase of a home (never needs to be paid back)
  • The remaining 1% down payment required can be a gift from a family member.
  • Applies to any FHA Approved Property (including duplexes, triplexes, and 4-plexes) in Tennessee
  • Seller can contribute toward pre-paid expenses and closing costs such as taxes, insurance, etc.
  • Income limits apply based on county.
  • Home must be owner-occupied. No rental properties.
  • No pre-payment penalties.
  • Requires a credit score of at least 640
  • Household income must be at or below The USDA median income limits.
  • Must complete a THDA-certified Homebuyer Education class (cost approx $60)

2019 FHA Program for First Time Home Buyers

  • For first time home buyers
  • Low down payment
  • Requires a credit score of at least 620
  • Parents or family member can co-sign loan (kiddie condo)
  • Lower down payment than standard FHA program is available in Tennessee if you purchase FHA Foreclosure
  • Down payment can be 100% gift, 100% down payment assistance, or 100% grant funds
  • Single family, condo, and 2-4 unit property loan limits for FHA approved condos Find Eligible Condos
  • Seller can contribute up 6% of purchase price toward closing costs
More down payment assistance programs for Tennesseans may be available soon. Please visit again for updates.
The information presented on this site is deemed to be accurate at the time of writing.
We make every effort to keep our information current; however, please be advised, some programs may alter their terms/conditions or max out their funding.
Featured Tennessee Cities:
Athens, Bartlett, Brentwood, Bristol, Chattanooga, Clarksville, Cleveland, Collierville, Columbia, Cookeville, Dickson, Dyersburg, East Ridge, Elizabethton, Farragut, Franklin, Gallatin, Germantown, Goodlettsville, Greeneville, Hendersonville, Jackson, Johnson City, Kingsport, Knoxville, Lakeland, La Vergne, Lebanon, Maryville, McMinnville, Memphis, Middle Valley, Morristown, Mount Juliet, Murfreesboro, Nashville, Oak Ridge, Sevierville, Smyrna, Soddy-Daisy, Springfield, Spring Hill, Shelbyville, Tullahoma

Featured Tennesee Counties
Anderson, Bedford, Benton, Bledsoe, Blount, Bradley, Campbell, Cannon, Carroll, Carter, Cheatham, Chester, Claiborne, Clay, Cocke, Coffee, Crockett, Cumberland, Davidson, Decatur, DeKalb, Dickson, Dyer, Fayette, Fentress, Franklin, Gibson, Giles, Grainger, Greene, Grundy, Hamblen, Hamilton, Hancock, Hardeman, Hardin, Hawkins, Haywood, Henderson, Henry, Hickman, Houston, Humphreys, Jackson, Jefferson, Johnson, Knox, Lake, Lauderdale, Lawrence, Lewis, Lincoln, Loudon, Macon, Madison, Marion, Marshall, Maury, McMinn, McNairy, Meigs, Monroe, Montgomery, Moore, Morgan, Obion, Overton, Perry, Pickett, Polk, Putnam, Rhea, Roane, Robertson, Rutherford, Scott, Sequatchie, Sevier, Shelby, Smith, Stewart, Sullivan, Sumner, Tipton, Trousdale, Unicoi, Union, Van Buren, Warren, Washington, Wayne, Weakley, White, Williamson, Wilson