City of Clarksville First Time Home-Buyers Program

The City of Clarksville’s Office of Housing and Community Development recognizes that many first-time homebuyers need help paying initial, upfront costs in a mortgage transaction. That’s why the Office established the First Time Home-Buyers Program, which is designed to help income-eligible applicants with down payment and closing cost assistance to purchase their first home within the City of Clarksville. Down Payment funds are provided as a second mortgage, fully forgiven as long as the borrower lives in the house for at least five years and one month. Closing costs provided are due upon sale or other transfer.

Income Limits
There are a number of requirements that eligible applicants must meet to avail the First Time Home-Buyers Program. The program is designed to assist families that fall within and 50 percent to 80 percent area median income for Clarksville. 

1 person household: $19,000-$30,350
2 person household :$21,700-$34,700
3 person household: $24,400-$39,050
4 person household: $27,100-$43,350
5 person household: $29,300-$46,850
6 person household: $31,450-$50,300
7 person household: $33,650-$53,800

Note: these figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.

Eligibility Requirements
The program is only available for first-time homebuyers; those who have not owned a primary residence in the last three years. There are exceptions made for displaced homemakers (adults who owned homes with their spouse or resided in a home owned by a spouse) or single parents (individuals who are unmarried and have one or more minor children for whom the individual has custody or joint custody).

Property Guidelines
Properties eligible under the First Time Home-Buyers Program are single family homes, townhouses and or condominiums located anywhere within the City of Clarksville with a maximum purchase price of $271,050. Home inspections are also required, and all properties must meet the City of Clarksville Housing Maintenance Code. In the case of homes built before 1978, an assessment for lead-based paint is also mandatory.