Down Payment Assistance

Successful Homeownership is still possible

The Housing Fund provides up to a $35,000 loan for down payment, 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.

Minimum/Maximum Loan Amount


Interest Rate

  Effective Through 9/30/23, All Income Tiers 5% Interest Rate! 

Income Income for all counties click here
Monthly Payment Varies
Loan Term

$5,000-$10,000: 10 year term

$10,000+: 15 year term

First Mortgage may be: FHA, VA, 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 Down Payment 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


To review these guidelines in Spanish, please click here

Have questions-Contact us!