Memphis Div of Housing and Community Development - Downpayment Assistance

AKA:

home901; TTS;CJC Housing; HCD

Description:

Provides financial assistance to low- and very low-income first-time homebuyers. Funds may be used for closing costs and down payments to help with the purchase of homes in the city of Memphis and cannot exceed $10,000. Offers a variety of programs that help homebuyers who meet the program eligibility requirements, which may include income limits, employment, location of the home and being a first-time homebuyer; all properties must be located within the city limits of Memphis and must be assessed Memphis city taxes. Go to website to complete the income/asset questionnaire to see if you qualify.

Hours:

Mon - Fri 8:00 am - 4:30 pm

Intake Process:

Call for details.

Program Fees:

No Fee

Eligibility:

Applicants must meet low- and very low-income limits as defined by HUD, plus be a first-time buyer and able to obtain mortgage from participating bank or mortgage company. Must purchase a home within the city of Memphis to qualify. Applicants' minimum cash investment of $500.00 to $1,000.00 is determined by the purchase price of the home. MHA residents are required to make minimum investment of $100.00 toward purchase.

Handicap Accessible?

Yes

Is Shelter?

No

Date of Official Change:

April 26, 2023

Address Listings

Contacts

Phone Numbers

Legal Status:

City/County (Parish)