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Tennessee First Time Home Buyer Grants

Are you considering the purchase of a home in Tennessee? Purchasing a home in any state is an exciting prospect!

Exciting and sometimes daunting! However, don't let yourself become overwhelmed with the process. It is my plan to give you some useful information in this article about first time home buyer grants which will help in this exciting adventure.

Before we get to the topic of first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to Tennessee, I don't want you to look too much like a tourist!) These facts were obtained from the State of Tennessee's official website.

Tennessee was admitted to the Union on June 1, 1796, as the sixteenth (16th) state.

The state name of Tennessee is derived from "Tanasi", which was a Cherokee town name that later became the name of the region.

Tennessee's nickname is "'The Volunteer State' - which originated during the War of 1812 when thousands of Tennesseans enlisted in response to Governor Willie Blount's call for volunteers."

Tennessee's state slogan is "Tennessee - America at Its Best".

The state horse of Tennessee is…that's right, the Tennessee Walking Horse. "The Tennessee Walking Horse was named the official state horse in 2000. The Tennessee Walking Horse is bred mainly from Standardbred, Morgan, Thoroughbred, and American Saddlebred stock. The three, easy-riding gaits of this breed: the flat-foot walk, the running walk, and the canter, are all natural, inherited characteristics, making this breed one of the smoothest riding horses in the world. This breed was a practical utility horse in the beginning and evolved into a pleasure horse with its gentle ride. Tennessee Walking Horses generally range from 14.3 to 17 hands and weigh 900 to 1,200 pounds."

Sounds like a good place to put down some roots (and do some horseback riding in the beautiful Tennessee countryside)!

If Tennessee is your choice, read on for information related to the Tennessee first time home buyer grants program.

To begin with, the State of Tennessee does offer a Tennessee first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers. The state agency which maintains Tennessee first time home buyer grants is the Tennessee Housing Development Agency. One first time home buyer grant program is offered and it is called the "American Dream Downpayment Initiative". Applicants who are first time home buyers can obtain a $5,000 cash grant to help with a down payment and closing costs. The amount of assistance you are likely to receive depends upon your income. To maintain the grant, you must remain in your home for at least five (5) years. You should visit this website to determine your eligibility and obtain additional information.

In addition, the federal government offers grant assistance for first time home buyers in Tennessee. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a grant you may qualify for down payment assistance. They are sometimes easier to obtain.

Lastly, if you would like to leave Tennessee First Time Home Buyer Grants and return to our First Time Home Buyer Grants main page, click here.

Or return to First Time Home Buyers home page.

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on Tennessee First Time Home Buyer Grants.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

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Happy House Hunting!!