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Down payment assistance for Tennessee

One program listed below can help with the cost of buying a home in Tennessee, and it can sit inside a riba-free structure.

Freddie HFA Advantage DPA logo

Freddie HFA Advantage DPA

THDA offers a down payment assistance program that pairs well with the Freddie Mac HFA Advantage® loan. Covers 3% down payment requirement, as well as the closing costs for the sale.

Learn more about the program here
Requirements
Minimum FICO score of 640
Total household qualifying income limits based on county and family size
Available for first-time homebuyers, repeat buyers in targeted areas, or military veterans
Must complete Pre-Purchase Homebuyer Education Course
DPA Funding Options
Deferred Plus
  • Flat $6,000 amount
  • 0% interest with zero monthly payments
  • 100% forgiven if used as primary residence for the full duration of term
Amortizing Plus
  • Up to 6% of the home's total price
  • 15-year term
  • Fully repayable loan
Available programs

Features of Sharia-compliant programs

Through partnerships with investors, ijaraCDC offers a diverse list of programs that will fit the needs of any Muslim home buyer.

No Credit Program

Get a home even without established credit history.

Low Credit Program

Low credit score? No problem!

VA Program

Take advantage of VA housing offers for veterans.

Down Payment Assistance

Get up to 3.5% grant for your down payment.

USDA 100% Financing

100% financing for homes in USDA-designated areas.

Physician Program

Helping residents reside in their forever homes the sharia way.

Frequently asked questions

Tennessee down payment questions

Our team answers by phone or email during business hours, and confirms what is available where you are buying.

Is down payment assistance available in Tennessee?

Yes. The program listed above can help with the cost of buying in Tennessee, and ijara CDC can pair it with a riba-free structure.

Can DPA be used with Sharia-compliant financing?

Yes. The assistance covers your contribution to the co-ownership, and the agreement itself stays free of riba.

How much can I receive?

It depends on the program and your household income. Contact us for the current position where you are buying.

How long does pre-qualification take?

About ten minutes, and it does not affect your credit.

What can I finance in Tennessee?

Residential and commercial property, plus residential and auto conversions from an existing riba-bearing loan.