Clarksville First-Time Homebuyers Down Payment Assistance Program

Clarksville First-Time Homebuyers Down Payment Assistance Program is a forgivable loan for homebuyers in Clarksville, Tennessee, administered by City of Clarksville, Neighborhood & Community Services (CNCS). DPA program for low-income first-time homebuyers to help income-eligible households with down payment and closing-cost assistance to purchase their first home within Clarksville city limits, funded by HUD HOME funds. Up to $25,000 in down payment and approved closing-cost assistance, subject to funding availability and a need-based underwriting assessment. Funding comes from Federal - HUD HOME Investment Partnerships Program.

Clarksville First-Time Homebuyers Down Payment Assistance Program offers up to $25,000 in assistance. Amounts are the program's published maximums, not an offer — City of Clarksville, Neighborhood & Community Services (CNCS) determines any individual award.

Clarksville First-Time Homebuyers Down Payment Assistance Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Closing-cost assistance forgiven after 10 years if owner remains; DPA is a 10-year low-interest loan. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Clarksville First-Time Homebuyers Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through HUD-approved housing counseling agency; CNCS covers course costs for approved applicants. Residency requirement: Home must be within Clarksville city limits. Down payment assistance is a 10-year low-interest loan; closing-cost assistance is a zero-interest loan forgivable after 10 years if the owner remains in the property. Not all buyers qualify for the maximum; amount based on CNCS need assessment under HOME policy. Income and sales-price limit tables posted as image charts on the page (HUD-determined) and could not be transcribed numerically from the primary source.

Clarksville First-Time Homebuyers Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. No more than 80% of area median income (HUD-determined; chart posted as image on city page). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Clarksville First-Time Homebuyers Down Payment Assistance Program caps the purchase price as follows: HUD-determined maximum sales-price limits apply (posted as image chart on city page).

Clarksville First-Time Homebuyers Down Payment Assistance Program serves homebuyers purchasing in Clarksville, Tennessee.

Applications for Clarksville First-Time Homebuyers Down Payment Assistance Program go through City of Clarksville, Neighborhood & Community Services (CNCS), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.