Hope Credit Union Affordable Home Program (TN)
First mortgage · Income limit 120% of AMI
Single Family, Condo, Townhouse
See details Jul 2026
Down payment assistance · Tennessee
Buying a home in Shelby County, TN
7 county-wide programs, 1 city with their own, plus 11 statewide and 62 nationwide.Shelby has 7 programs that cover the whole county and 1 city with a program of their own. On top of those, 11 statewide and 62 nationwide programs are open here. Start with your city or ZIP to see which apply to the home you want.
Free · No credit pull · No SSN
Anywhere in ShelbyAnywhere in Shelby County
7 programs for every Shelby address7 programs that cover every Shelby address
All 7 ask for a homebuyer class.These are run for the whole county, so a home in Memphis, Bartlett or Collierville can use them. All 7 ask for a homebuyer class.
United Housing Cherry Mortgage
First mortgage · Income limits
Single Family, Condo, Townhouse
See details Jul 2026
Rise Up Program (Memphis & West Tennessee)
Assistance grant · Income limit 120% of AMI
Single Family
See details Jul 2026
Shelby County Down Payment Assistance Program
Repayable second loan · New construction · Income limits
single_family, new_construction
See details Jul 2026
RISE Foundation Save Up (Matched-Savings IDA for Homeownership)
Gift funds · Income limits
Single Family
See details Jul 2026
Down Payment Assistance Program
Forgivable loan · Forgiven over 5 yrs · Income limit 120% of AMI
Single-family detached, condominium, townhouse, PUD, 2-unit (1 unit owner-occupied), manufactured home on permanent foundation.
See details Jul 2026
Habitat for Humanity of Greater Memphis Affordable Homeownership Mortgage
First mortgage · New construction · Income limit 80% of AMI
Single Family
See details Jul 2026
AMI is HUD’s area median income for Shelby, adjusted for household size. Each program publishes its own dollar limits.
Only inside city limits
1 city with their own program1 Shelby city with their own program
For a home inside that city, on top of the county-wide 7.A city program is for a home inside that city. Buying there? It sits on top of the 7 county-wide programs above.
The Shelby marketThe Shelby housing market
Kinds of homes hereWhat kinds of homes are here, and what the programs accept
Kinds of homes in Shelby
- 66.3% single-familysingle-family
- 4.3% townhousetownhouse
- 6.9% 2–4 units2–4 units
- 21.2% 5+ unitscondo & apartment buildings (5+ units)
- 1.2% mobile & othermobile home & other
Condos count. 3 of the 7 county-wide programs and 4 of the 8 city programs list condos as eligible.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Shelby’s homes were built
pre-19401970s2020+
54.5%
of Shelby homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$92,700
HUD area median income, 4 people (FY2026)HUD area median income, Shelby County, 4-person household (FY2026)
$63,767
Median household income (ACS 2024 5-year)Median household income in Shelby (Census ACS 2024 5-year)
54.1%
of occupied homes are owner-occupied (Tennessee: 66.9%)
The two income figures measure different things. HUD’s area median income is the one programs use. 22 of the 88 programs here set their income limit as a share of Shelby County’s area median income, adjusted for household size. See the published limits for Shelby County
Free help in ShelbyFree help in Shelby
7 HUD-approved counseling agencies with an office in the county7 HUD-approved housing counseling agencies with an office in Shelby County
11 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.11 of the 15 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
Find my counselor
Free account → 90-second match → your counselors · Sign in
Counted from HUD’s list of approved agencies: active offices whose ZIP code is in Shelby County.
7 cities and placesA to Z
All cities in Shelby CountyAll 7 cities and places in Shelby County
has a program of its own
Shelby questions
Can I use a county program anywhere in Shelby?
The 7 county-wide programs cover homes anywhere in the county. City programs, like Memphis’s, are only for homes inside that city’s limits. Each agency sets its own rules, so confirm on the program’s official site.
Can I combine a county program with a city program?
Sometimes. Combining ("stacking") programs is set by each administering agency, and some do not allow a second program on the same home. Each program’s page links to the agency that can say.
What is the area median income in Shelby County?
HUD publishes it once a year; the 2026 four-person figure is shown above. Programs set their limits as a share of it, adjusted for household size, and the published limits page lists each one.
Do Shelby programs accept condos?
3 of the 7 county-wide programs and 4 of the 8 city programs list condos as eligible. The agency confirms it for the home you choose.
Where can I take a homebuyer class in Shelby?
HUD-approved housing counseling agencies teach homebuyer classes, and 7 agencies have an office in Shelby County. Create a free account and take the 90-second match to see the ones near you.
Keep exploring
Sources
Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024), tables B01003, B25077, B25003, B25024, B25034, B25035, B19013. Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.