Homebuyer Education is the first step to owning your own home!
Buying a new home is a complex process. Do you need help with the down payment and closing costs?
We want to help you!
New Level CDC has received a grant from First Horizon Bank to assist families with down payment assistance to purchase their first home.
Households must have:
- Household income of 80% (Area Median Income) or less to participate.
- A minimum credit score of 640 or the ability to reach that score.
- A steady monthly income that will enable them to purchase a home.
- A debt-to-income ratio of 43% or less.
Participants are required to open a First Horizon Bank savings account
Save up to $2,000 within 3-12 months.
The maximum amount of the match is $2,000.
If you are interested in participating in this program, please call our office today at 615-627-0347.