The Housing Fund - Nashville

Description

If you are in default on your mortgage loan or at risk of defaulting, contact the office to schedule an appointment to discuss possible workout options for your specific situation. A household budget and the current mortgage terms will be reviewed during the appointment. Recommendations will be made, offering potential solutions to the mortgage default, which may include options to remain in the house, as well as options to dispose of the property prior to a foreclosure sale.

Hours

Mon - Fri 8:00 am - 5:00 pm

Eligibility

People who are in default or at risk of default on their mortgage loan.

Fees

There is no fee for foreclosure intervention services.

Intake Procedure

Call the office to make an appointment.

Geography Served

Contact

Telephone Numbers

Description

The Housing Fund offers online homebuyer education and post-purchase homeowner education for clients using their downpayment assistance program.

Hours

Mon - Fri 8:00 am - 5:00 pm

Eligibility

Call for details. Targeted to low-to-moderate income borrowers.

Fees

Homebuyer education is $99, and post-purchase homeowner education is $50.

Intake Procedure

Visit the website or call the office.

Geography Served

Telephone Numbers

Description

The Housing Fund's Home Improvement Program (HIP) provides loans of up to $35,000 to help homeowners repair and improve their homes to protect the value of the home and enhance its safety, usefulness and health.

Hours

Mon - Fri 8:00 am - 5:00 pm

Eligibility

Call for details. Targeted to low-to-moderate income borrowers.

Fees

Call for details and interest rates.

Intake Procedure

Apply online or call the office for additional information.

Geography Served

Telephone Numbers

Description

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.

Hours

Mon - Fri 8:00 am - 5:00 pm

Eligibility

Call for details. Targeted to low-to-moderate income borrowers. 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. 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 their Downpayment Assistance Loan. 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 they have received both a completed borrower application and lender loan package, see the Request for THF Loan Approval

Fees

Call for details and interest rates.

Intake Procedure

Apply online or call the office for additional information.

Geography Served

Telephone Numbers

Description

Provides rent payment assistance to those who have been impacted by the pandemic. Provides assistance through a new round of metro HOPE funding, please only apply for one agency for support. To require for funding, applicant must earn 80% - 100% AMI. (For example: family of four income falls between $67,450 and up to 82,300.).

Required Documents

-Proof of rental agreement -Other documents needed, call for more information.

Eligibility

Individuals must verify the status of the rental agreement, sign a grant agreement, and enroll in and take a money management course through eHome America.

Intake Procedure

Call 615-780-7000 or visit the nashvilleresponsefund.com website.

Service Area

Davidson County

Geography Served

Telephone Numbers

Description

Provides rent payment assistance to those who have been impacted by the pandemic. Provides assistance through a new round of metro HOPE funding, please only apply for one agency for support. To require for funding, applicant must earn 80% - 100% AMI. (For example: family of four income falls between $67,450 and up to 82,300.)

Required Documents

-Proof of rental agreement -Other documents needed, call for more information.

Eligibility

Individuals must verify the status of the rental agreement, sign a grant agreement, and enroll in and take a money management course through eHome America.

Intake Procedure

Call 615-780-7000 or visit the nashvilleresponsefund.com website.

Service Area

Davidson County

Geography Served

Telephone Numbers