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City of Clarksville's First-Time Homebuyer Program

First Time Homebuyers

Type Of Program

Down Payment & Closing Costs

Program distribution

Deferred Second Mortgage

Program Originator

Housing and Urban Development (HUD)

Amount

$0.00

Contact

Blocks

Location
Nationwide
Description


  • Program is designed for first-time homebuyers. First-time homebuyers is defined as someone who has not owned a home or has not held an interest in their primary residence in the last 3 years.
  • Eligible houses are single family homes, townhouses, or condominiums in Clarksville
  • Household income adjusted for household size is less than 80 percent of the Clarksville-Montgomery County median area income. The 2019 median income was $65000.
  • All participants are required to attend a free homebuyer education class.
  • Participants are eligible for up to $5000 downpayment and up to 5% of the closing costs.
  • These costs will be treated as a 0% interest loan, payable over 10 years. After the 10 years, the remaining balance becomes a grant with no further obligation.
AMI Limit

No

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

No

Eligibility Limitations

Must attend free homebuyer education class

Cash Sale Permitted

No

Cosigner Permitted

No

Owner Financing Permitted

No

Must be Primary Residence

Yes

Program Provider's Contact Name

Tracey McCartney, Executive Director, Tennessee Fair Housing Council

Program Provider's Address

107 Music City Circle, Suite 318 Nashville, TN 37214

Program Provider's Phone

6158741636

Program Provider's Email

E-mail: tracey@fairhousing.com

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