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Get Matched Free →City of Chattanooga First-Time Homebuyer Grant and Loan Program
Funding status: Active
How much assistance
Up to $10,000 grant plus up to $50,000 zero-interest loan (below 80% AMI) or $40,000 loan (80-100% AMI)
Loan is due and payable in full at the time of resale or cash-out refinance.
Eligibility
- Income limits: At or below 100% AMI. Below 80% AMI qualifies for highest assistance ($50,000 loan). 80-100% AMI qualifies for $40,000 loan.
- Purchase price limit: $300,000
- First-time buyer required: Yes — First-time homebuyer.
- Geographic restrictions: City of Chattanooga, Tennessee.
- Homebuyer education required: Yes
How to Apply for City of Chattanooga First-Time Homebuyer Grant and Loan Program
Contact Chattanooga Neighborhood Enterprise (CNE) to apply. Must contribute a minimum of $500 toward the purchase. Must use the home as a primary residence. Must attend homebuyer education classes.