Down Payment Assistance: Memphis Firefighters & 1st Responders

Updated: Jan 29

In Memphis, where our company is headquartered, we have many resources for buyers to gather money for a Downpayment, called DPAs or Down Payment Assistance programs. All kinds of people at all different stages of life have taken advantage of these local and statewide programs: Memphis City DPA for Teachers, Police, Firefighters, & 1st Responders **Teachers' program is refunded this summer** State wide DPA from THDA called, Great Choice Even our Friends in North Mississippi have Mississippi Home Corp, Smart Solutions Oh, also Arkansas has the ADFA Dream DPA Community Mortgage Loan Officers are very familiar with all of these DPA. Contact one of your favorite LOs for more info on these. For this post we are going to focus on the City of Memphis DPA for Firefighters and First Responders

Up To $10,000 For Memphis Fire Fighters, EMTs, & Paramedics

10% of Sales Price, not to Exceed $10,000 1. Property must be located in the City of Memphis. 2. Must be employed by the Memphis Fire Department for 1 year. 3. Maintain employment for 5 years after closing. 4. Must take an 8 hour homebuyers' course if you are a first time homebuyer or if you haven't owned a home in 3 years. 5. No Income Restrictions

***Borrower must meet the Agency guidelines for qualifying as well (credit, employment, etc.). Approval by City of Memphis DPA does not guarantee qualification for the first mortgage.

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