First-Time Homebuyers Program – City of Clarksville | Tennessee grant

First-Time Homebuyers Program – City of Clarksville

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City of Clarksville – Neighborhood & Community Services / Office of Housing & Community DevelopmentTNFirst-Time Homeowner

Funding: Offers up to 25000 dollars in total assistance, typically structured so that roughly the first 15000 dollars is a zero percent interest forgivable loan after a required owner occupancy period, with any remaining amount provided as a zero percent interest silent second mortgage that is repaid when the home is sold, refinanced or no longer used as the buyer's primary residence.HUD HOME funded assistance package that provides up to 25000 dollars in combined zero percent interest support, with an initial forgivable portion and a remaining silent second mortgage portion, to cover down payment and closing costs for eligible first-time buyers in Clarksville.RollingDeadline: Scope: Localstate

Updated: Dec 6, 2025

Summary

Clarksville’s First-Time Homebuyers Program uses HUD HOME funds to provide substantial zero-interest down payment and closing-cost assistance to low-income buyers purchasing in the city.

Benefits

down payment assistanceclosing cost assistance0% interestforgivable loansilent secondcity programHUD HOME funded

Who Can Apply

homebuyerfirst-time homebuyerlow-income homebuyerClarksville resident

Eligible Locations

Low income first time homebuyers, generally at or below 80 percent of area median income, who have not owned a home in the past three years and are purchasing an approved primary residence within the Clarksville, Tennessee city limits, complete HUD approved homebuyer education and qualify for an affordable first mortgage that meets city underwriting criteria.

Eligibility

Low-income, first-time homebuyers (generally at or below 80% of area median income) purchasing a primary residence within the Clarksville city limits; must not have owned a home in the prior three years, must complete HUD-approved homebuyer education, and must qualify for an affordable first mortgage that meets city underwriting criteria.

Full Description

The City of Clarksville First-Time Homebuyers Program is structured to close the affordability gap for renters ready to buy their first home. Using HOME Investment Partnerships funds, the city offers up to $25,000 in assistance split between a forgivable portion and a silent second mortgage. The forgivable component (often around the first $15,000) is written off after the buyer maintains continuous owner-occupancy for a set period, while the remaining amount is due only when the property is sold, refinanced, or no longer used as the buyer’s primary residence. Eligible buyers must fall within HUD-defined low-income ranges (typically up to 80% of area median income), purchase an approved single-family home within city limits, complete a recognized homebuyer education course, and secure an affordable first mortgage. By combining education, underwriting oversight, and layered assistance, Clarksville’s program helps first-time buyers manage both upfront costs and long-term mortgage obligations, supporting stable homeownership among households that might otherwise be priced out of the market.

Verification & Details

Status: Open

Source: clarksvilletn.gov

Official source → clarksvilletn.gov

Apply on official siteUpdated Dec 6, 2025

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