Helping First-Time Buyers Purchase a Home.
Eligible first-time homebuyers may receive up to $15,000 in down payment assistance when purchasing a home within the City of Chattanooga. See If You May Qualify Get the First-Time Homebuyer Guide
Mortgage
Down Payment Assistance for Chattanooga Homebuyers
You may be eligible for the program if you meet requirements such as:
- You are a first-time homebuyer.
- The home is located within the City of Chattanooga.
- The lesser of the purchase price or appraised value does not exceed $400,000.
- You meet applicable credit, debt-to-income, education and mortgage requirements.
A Little Help Can Make a Big Difference
The City of Chattanooga Down Payment Assistance Program is designed to help eligible first-time homebuyers bridge the gap between their available funds and the amount needed to close.
$15K Available Assistance
Eligible homebuyers may receive up to $15,000 in assistance.
0% Interest Available Assistance
No interest accrues on the down payment assistance loan.
0$ Monthly DPA Payment
No monthly payments are required during the down payment assistance (DPA) loan term
30 Year Term
The balance may be fully forgiven after 30 years when program requirements are met.
$15K Available Assistance
Eligible homebuyers may receive up to $15,000 in assistance.
0% Interest Available Assistance
No interest accrues on the down payment assistance loan.
0$ Monthly DPA Payment
No monthly payments are required during the down payment assistance (DPA) loan term
30 Year Term
The balance may be fully forgiven after 30 years when program requirements are met.
Affordability Calculator
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Buying Your First Home? Start Here.
From preparing your finances to understanding the mortgage process, our First-Time Homebuyer Guide can help you know what to expect before you start shopping.
Download the Homeownership Guide
