United Housing Inc.
Up to $150,000 toward a down payment in TN.
United Housing Inc.'s Cherry Mortgage is a proprietary 30-year fixed rate first mortgage product for low-to-moderate income homebuyers in the Memphis area. Maximum loan amount is $150,000 with a 1% minimum down payment. Requires credit score of 600+, max DTI of 42%, and 24 months employment history. Deferred student loans (12+ months deferment) excluded from DTI. Homebuyer education required. Separate from and in addition to the Rise Up DPA program.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on United Housing Cherry Mortgage: what it is, who it is for, what the program sets and what your lender sets, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.