Rise Up Program (Memphis & West Tennessee)

Rise Up Program (Memphis & West Tennessee) is a grant for homebuyers in Memphis, Tennessee, administered by United Housing, Inc. (in partnership with Federal Home Loan Bank of Cincinnati). The Rise Up Program, a partnership between United Housing, Inc. and the Federal Home Loan Bank of Cincinnati, provides grants of up to $25,000 to first-time, first-generation homebuyers in Memphis and West Tennessee. Funds may be used for down payment, closing costs, or principal reduction with no fees or repayment. Up to $2 million was made available beginning August 2025 on a first-come, first-served basis through FHLB Cincinnati member lenders. Up to $25,000 grant. No repayment required. Down payment, closing costs, or principal reduction. No fees. Targets first-generation homebuyers. Funding comes from Federal Home Loan Bank of Cincinnati (Rise Up Program); administered locally by United Housing, Inc.

Rise Up Program (Memphis & West Tennessee) offers up to $25,000 in assistance. Homebuyer contribution: Buyer must contribute at least $500 of their own money. Amounts are the program's published maximums, not an offer — United Housing, Inc. (in partnership with Federal Home Loan Bank of Cincinnati) determines any individual award.

Rise Up Program (Memphis & West Tennessee) is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Rise Up Program (Memphis & West Tennessee) 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 United Housing, Inc. HUD-approved homebuyer education. Residency requirement: Property in Memphis or West Tennessee. Must be first-time AND first-generation. Income <=120% county HUD limit. HUD-approved homebuyer education. Min $500 own funds. Through an FHLB Cincinnati member institution. First-come, first-served from a capped $2M pool - confirm remaining funds. Credit/DTI/lien/recapture not published.

Rise Up Program (Memphis & West Tennessee) limits household income to 120% of the area median income, which varies by county and household size. Household income at or below 120% of the HUD income limit for the buyer's county (Memphis and West Tennessee). Exact 4-person dollar figure not published. The limit applies to total household income, not only the borrower&rsquo;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.

Rise Up Program (Memphis & West Tennessee) can be used for Single Family.

Rise Up Program (Memphis & West Tennessee) names first-generation homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Rise Up Program (Memphis & West Tennessee) serves homebuyers purchasing in Memphis, Tennessee.

Applications for Rise Up Program (Memphis & West Tennessee) go through United Housing, Inc. (in partnership with Federal Home Loan Bank of Cincinnati), which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served via FHLB Cincinnati member lender. 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.