Down payment assistance · Van Buren County
Buying a home in Spencer, TN
11 statewide.Spencer has no program of its own, and 11 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
What’s local to Spencer
No program of Spencer’s own yet
No program run for Spencer or for Van Buren County alone is listed. A home in Spencer can use the Tennessee statewide and federal programs below.
The closest city that runs its own program is Chattanooga, about 49 miles away. City programs usually require the home to be inside that city’s limits.
The Spencer marketThe Spencer housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Spencer
- 76.5% single-familysingle-family
- 0% townhousetownhouse
- 10% 2–4 units2–4 units
- 1.8% 5+ unitscondo & apartment buildings (5+ units)
- 11.7% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Spencer’s homes were built
68.4%
of Spencer 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.
13 of the 73 programs here set their income limit as a share of Van Buren County’s area median income, adjusted for household size. See the published limits for Van Buren County
Free help nearbyFree help near Spencer
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes and can walk you through your options. Create a free account to see who’s near you and pick one.
Free account → 90-second match → your counselors · Sign in
Across Tennessee and nationwide
73 statewide & federal programs11 statewide programs, plus federal options
Spencer questions
Does Spencer have its own down payment program?
No program run for Spencer alone is listed. A home in Spencer can use the 11 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Spencer?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Van Buren County?
Each program sets its own. 13 of the programs here set theirs as a share of HUD’s area median income for Van Buren County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Spencer?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
38585
Nearby in Van Buren
Sources
Sources: agency sites (July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.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). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.