Grants, forgivable loans, and subsidized mortgages — many Tennessee buyers qualify for $56,000+ in assistance and don't even know it.
Find your programs →Click any program for full details, eligibility, and how to apply.
30-year fixed rate for first-time, repeat, and military buyers. FHA, USDA, VA, and conventional.
Subsidized loanHouse-hack eligible$6,000 forgivable second mortgage. No monthly payments. Forgiven at end of 30-year term.
Forgivable loanHouse-hack eligibleUp to 5% of sales price, max $15,000. 30-year second mortgage at same rate as first.
Second mortgageHouse-hack eligible0.5% rate reduction for veterans, active military, firefighters, EMTs, and law enforcement. Waives FTB requirement.
Rate discountHouse-hack eligibleUp to $35,000 for Nashville/Davidson County buyers. Credit score as low as 600.
DPA program3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.
Subsidized loanHouse-hack eligibleZero down payment, no PMI for eligible veterans and active-duty service members.
Federal benefitHouse-hack eligibleZero down payment for rural and suburban areas. 97% of US land qualifies.
Subsidized loan3% down with reduced mortgage insurance for low-to-moderate income buyers.
Subsidized loanHouse-hack eligible3% down with flexible funding sources including gifts and employer assistance.
Subsidized loanHouse-hack eligibleNo down payment, no closing costs, no PMI, below-market rate. Character-based lending.
Nonprofit programHouse-hack eligible50% off purchase price for teachers, law enforcement, firefighters, and EMTs.
GrantThere are 5 state-specific programs and 7 federal programs available in Tennessee, totaling 12 programs.
Not all programs require first-time buyer status. Several Tennessee programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.
Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.