Memphis Consumer Toolkit
First time homebuyer? CONVERGENCE Memphis provides resources for helping you achieve your dream of homeownership. Explore resources to help you work with a housing counselor, learn about the homebuying process, get down payment assistance, manage your credit, get post-closing support, sustain your homeownership, and calculate your mortgage.
Mortgage Programs & Products
Housing Counseling and Homebuyer Education programs provide education on seeking, financing, owning, and maintaining a home. These programs also assist homeowners in need of foreclosure assistance. Counseling is provided by HUD-approved housing counseling
agencies.
- eHome America
- Frayser CDC
- Habitat for Humanity of Memphis
- Life of Victory International Christian Ministries
- Memphis Area Association of Governments
- Orange Mound CDC Homebuyer Education
- Southwest Human Resources Agency
- THDA (Tennessee Housing Development Agency) STEP IN Online Pre-Purchase Homebuyer Education Course
- United Housing Inc.
Down Payment Assistance
If you are ready to purchase a home but would like extra help, information is available to help you determine which down payment assistance program may fit your needs. Please click on the links below to learn more about the various local, state, and national programs available.
- City of Memphis Down Payment Assistance
- Down Payment Resources Flyer
- Freddie Mac Sweat Equity
- Memphis Housing Authority
- Section 8 Homeownership Program
- Targeted Area DPA
- Shelby County Down Payment Assistance
- THDA (Tennessee Housing Development Agency) Down Payment Assistance
- The Works CDC Opportunity Home Loan Fund
- United Housing Inc. Home Plus Down Payment Assistance Loan
Down Payment Assistance Finder
Managing Your Credit
Money management courses help teach how to pay your bills on time every month. The programs will also work to reduce the amount you owe, especially on revolving debt like credit cards.
- eHome America Money Management
- Free One-on-One Financial Counseling at Greater Memphis Financial Empowerment Center
- Financial Literacy at Memphis Public Library
- Freddie Mac CreditSmart®
- Greater Memphis Financial Empowerment Center One-on-One Counseling
- RISE Memphis Matched Savings Program
- United Housing Inc.
How to Navigate the Purchase Transaction
Already finished the Housing Counseling and Homebuyer Education courses and ready to start the purchasing process? Check out the resources for Working with a Real Estate Agent below.
Post-Closing Support
Homeownership education doesn't stop after closing. Learn more at the sites below.
Sustaining Homeownership
Bought a home but need help with small rehabilitation and repairs? Check out the links below.
- Freddie Mac CHOICERenovation® Mortgage
- Fannie Mae HomeStyle® Renovation
- Fannie Mae HomePath
- Freddie Mac CHOICERenovation® Mortgage
- Freddie Mac Step-by-Step Mortgage Guide
- Freddie Mac Overcoming Today's Homeownership Challenges for Current and Future Buyers Interactive Digital Guide
- Habitat for Humanity Aging in Place Program
- My Home® by Freddie Mac
- Neighborhood Preservation Inc.
- Shelby County Homeownership Rehabilitation Program
- Shelby County Land Bank
- THDA Home Repair Loan Program
- Tennessee Renovation Loans FHA 203k Loans
- United Housing Inc. Home Improvement Loan
- United Housing Inc. COVID-19 Housing Assistance Program
Weatherizing your Home
Learn about energy efficiency, disaster recovery, and preserving your home.
- City of Memphis Weatherization Assistance Program
- Download the Fannie Mae Mobile App
- Fannie Mae Disaster Relief
- Fannie Mae Know Your Options
- Fannie Mae HomeStyle® Energy
- Freddie Mac GreenCHOICE Mortgage®
- Freddie Mac Sustaining Homeownership in a Crisis Interactive Digital Guide
- Green and Healthy Homes Initiative