Memphis Industry Practitioner Toolkit
CONVERGENCE Memphis provides reliable information to support affordable housing opportunities for renters and first-time homebuyers. Our industry practitioner partners are well-positioned to provide resources to the Memphis community. Please utilize the below resources while connecting with potential homebuyers, bringing them through the homebuying process and ensuring their ability to stay in their home to preserve and build generational wealth.
Mortgage Programs & Products
- Fannie Mae HomeReady® Mortgage
- Fannie Mae 97% Loan to Value Options
- Fannie Mae MH Advantage® Mortgage
- Fannie Mae Shared Equity Programs
- Fannie Mae Condo Buyer's Guide
- Fannie Mae 3% Down Payment Mortgage for First-Time Homebuyers
- Fannie Mae HFA Preferred™ Mortgage
- Freddie Mac Community Land Trust Mortgages
- Freddie Mac Home Possible®
- Freddie Mac HomeOne™
- Freddie Mac HFA Advantage®
- FHA 203(b) Mortgage
Down Payment Assistance Finder
Customer Outreach
Hire and train diverse loan officers
Partner with organizations with ties to minority communities
- Memphis Urban League
- National Association of Real Estate Brokers Memphis Chapter
- NAACP Memphis
- BLDG Memphis
Engage Homebuyer Education/Housing Counseling Organizations
- 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.
Sustaining Homeownership
- City of Memphis Weatherization Assistance Program
- Download the Fannie Mae Mobile App
- Fannie Mae Disaster Relief
- Fannie Mae Here to Help
- Fannie Mae Know Your Options
- Freddie Mac Step-by-Step Mortgage Guide
- Freddie Mac Overcoming Today's Homeownership Challenges for Current and Future Buyers Interactive Digital Guide
- Freddie Mac Sustaining Homeownership in a Crisis Interactive Digital Guide
- Green and Healthy Homes Initiative
- Habitat for Humanity Aging in Place Program
- My Home® by Freddie Mac
- Neighborhood Preservation Inc.
- Shelby County Homeownership Rehabilitation Program
- 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
- Fannie Mae HomeStyle® Renovation
- Fannie Mae HomeStyle® Energy
- Fannie Mae HomePath
- Freddie Mac CHOICERenovation Mortgage
- Freddie Mac GreenCHOICE Mortgage®
- Resources for 203(k) Rehabilitation Loans
- Shelby County Land Bank
- United Housing Inc. Home Improvement Loan Program
- THDA Home Repairs
- Tennessee Renovation Loans FHA 203k Loans
Links to Key Partners and Resources
- BLDG Memphis
- Chamber of Commerce: Report on Cities with the Most “House Poor” Homeowners
- City of Memphis
- CoreLogic
- Down Payment Resource
- eHome America
- Fannie Mae
- FHLB Cincinnati
- First Story
- Freddie Mac
- Habitat for Humanity of Greater Memphis
- Homeownership Council of America
- Housing Finance Strategies
- Memphis Area Association of REALTORS®
- Memphis Housing Authority
- Mortgage Bankers Association
- National Association of Real Estate Brokers Memphis
- National Association of Real Estate Brokers National
- Neighborhood Preservation, Inc.
- Shelby County Government
- Tennessee Housing Development Agency
- The Works CDC
- United Housing Inc.
- U.S. Department of Housing and Urban Development
- Zillow Group
COVID-19-Related Local Memphis Resources
MBA and the Tennessee Housing Development Agency have partnered together to increase African American homeownership in Memphis, Tennessee - referred to as CONVERGENCE Memphis. CONVERGENCE Memphis is moving the needle on African American home ownership in specific communities by amplifying existing local resources and deploying additional national and state resources.
These websites are equipped with information on available resources for those working in the housing and community development sector in Memphis as well as the homeowners and renters who reside there.
- Tennessee Housing Development Agency (Information on state programs and resources)
- Shelby County Health Department (Comprehensive information on Covid-19 in the community)
- City of Memphis (Information on city programs and resources)
- High Ground News (Memphis coronavirus resource guide)
- Epicenter (Small business focus)
- Welcome Home Memphis (Housing resources for families)