CNE Down Payment Assistance Program

Administered by: Chattanooga Neighborhood Enterprise (CNE) · Nonprofit · Repayable Loan

Funding status: Active

How much assistance

Up to $15,000 (Repayable Loan)

Eligibility

  • Income limits: Qualification depends on household size and income.
  • First-time buyer required: No
  • Geographic restrictions: Available in Hamilton, Bledsoe, Bradley, Grundy, Marion, McMinn, Meigs, Polk, Rhea, and Sequatchie counties.
  • Homebuyer education required: Yes

How to Apply for CNE Down Payment Assistance Program

Step 1: Contact CNE to apply. The DPA acts as a second mortgage loan that begins amortizing in year one at the rate of the first mortgage but no less than 3%, paid off in a maximum of 15 years.

Visit program website

Notes

CNE also offers FHA, USDA, VA, HomeReady, and ITIN mortgage products. Has been strengthening the Chattanooga housing market for four decades.

Cities Where This Program Is Available