Make a Donation
Become an Investor
Successful Homeownership is Still Possible
The Housing Fund provides up to a $35,000 loan for downpayment, prepaids, and closing costs to individuals and families. If you meet the criteria, The Housing Fund can help you reach your goal of successful homeownership.
|Counties||Nashville-Davidson County||Montgomery||Maury||All Other TN counties|
|Minimum/Maximum Loan Amount||
5%-10%, based on Income Tier and loan type
Effective 10/1/19, Tiers 1, 2 & 3 will be available.
$5,000-$10,000–10 year term
$10,000+–15 year term
|Income Guidelines||Click Here||Click Here||Same as Nashville||
Contact for more information
|First Mortgage may be:||FHA, VA, Conventional||FHA, VA, Conventional||FHA, VA, Conventional||FHA, VA and Conventional|
Other Things to Know:
- Home must be the buyer’s primary residence
- First mortgage lender must be FHA approved in TN
- Homebuyer Education, provided by a THDA-certified counselor, must be completed prior to closing (Click here for list of certified counselors). The Housing Fund also allows On-line Homebuyer Education through eHome America when combined with a 1 hour One-on-One counseling session for all clients using our Downpayment Assistance Loan. Click here for On-line education instructions.
- Borrowers must contribute at least 1% of sales price to the purchase
- For credit standards and underwriting guidelines, see the Underwriting Checklist
- The Housing Fund begins the underwriting process when we have received both a completed borrower application and lender loan package, see the Request for THF Loan Approval