First Time Home-Buyers Program

Through the Housing and Community Development Office of Clarksville, eligible applicants can receive down payment and closing cost assistance. Assistance is offered in the form of a second mortgage.

Down payment assistance can be forgiven as long as the applicant uses the house as their primary residence for a minimum of five years and one month. Closing cost assistance needs to be repaid if the property is sold or transferred.

Applicants must meet numerous requirements in order to be eligible for this program. One of these requirements is meeting specified income limits. Households must fall within 50% to 80% of the Area Median Limit in Clarksville. As of 2020, these numbers are:

  • 1 person household: $19,000-$30,350
  • 2 person household :$21,700-$34,700
  • 3 person household: $24,400-$39,050
  • 4 person household: $27,100-$43,350
  • 5 person household: $29,300-$46,850
  • 6 person household: $31,450-$50,300
  • 7 person household: $33,650-$53,800

Only first-time homebuyers, displaced homemakers, and single parents are allowed to apply. Each of these has their own specific definitions: a first-time homebuyer is someone who has not owned a house in the past three years; displaced homemakers are those who previously owned a home with a spouse or lived in a home owned by a spouse; and single parents are unmarried individuals with minor children with full or joint custody.

Only single-family homes, townhouses and condominiums are allowed to be purchased using this program, and all properties must be located in Clarksville, Tennessee. As of 2020, the purchase price limit for this program is $271,050. Properties must be inspected and fulfill the City of Clarksville Housing Maintenance Code. Older properties (built in 1978 or before) must additionally be inspected for lead-based paint.

Other programs in Tennessee:

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