Highlights of 2025 Down Payment Assistance Programs in TN

suggsells
Jan 24
2 min read

Are you ready to make 2025 the year you step into your dream home? For many Tennesseans, the idea of buying a home can seem out of reach due to high down payment requirements, but this year offers exciting opportunities that could turn your dream into a reality. With various programs designed to assist first-time buyers and beyond, there’s never been a better time to explore your options.

Here are some of the top programs available in Tennessee to help you on your journey to homeownership:

THDA Great Choice

This program provides up to 5% in down payment assistance, which can be used with FHA, VA, USDA, or conventional loans. Here’s what you need to know:

Credit score: 640 or higher
Income limits: $56,100–$95,900, depending on your county
Purchase price limits: $250,000–$375,000, depending on your county

HHF-DPA Program

If you qualify for this program, you’ll receive a flat $15,000 for down payment assistance. Key details include:

Available in specific zip codes
Only applicable for existing homes (no new construction)

USDA 100% Financing

Perfect for first-time buyers, this program offers:

Zero down payment
No PMI (Private Mortgage Insurance)
Eligibility limited to properties in USDA-designated areas
Income limits: $54,600–$89,600, depending on your county

America's Home Buyer Solution

This flexible program provides:

A 2.5% down payment assistance gift that never needs to be repaid
Eligibility for both first-time buyers and current homeowners
Competitive interest rates and expanded income limits

The Housing Fund

A standout option offering up to $35,000 in down payment assistance:

Available to those meeting specific income tiers and loan types
Borrowers must complete homebuyer education provided by a THDA-certified counselor

Whether you’re a first-time buyer or exploring new opportunities, there’s likely a program that’s perfect for your situation. As your trusted real estate professional, I’m here to guide you through the process and connect you with qualified lenders who can help you take full advantage of these opportunities.