Down Payment Assistance Program

Program Overview

Shelby County’s Down Payment Assistance (DPA) Program assists low and moderate income individuals in covering a portion of their down payment and closing costs associated with purchasing a home.

The home that you buy may be either an existing home or a newly constructed home anywhere within the boundaries of Shelby County as long as the purchase price does not exceed $200,160.

Up to $3,500 is available as a 5% loan and repayment terms can extend up to 10 years (120 months).

Program Requirements

  • The purchaser must invest a minimum of $500.00 of his/her own funds.
  • The home being purchased must be located within Shelby County.
  • Purchasers must be able to qualify for either THDA, FHA, VA,or Conventional Financing.
  • 1 to 2 member households may earn up to $60,100 annually.
  • 3 or more member households may earn up to $69,115 annually.

Are There Any Other Requirements?

You also need a good credit history, stable employment, and you must complete a certified Homebuyer Counseling Class.  

Who Can Answer My Questions About The DPA Program?

For more information contact the Shelby County Department of Housing at 901-222-7600 weekdays between 8:00 a.m. and 4:30 p.m.

Ask to speak with a Down Payment Assistance Loan Counselor.  A Counselor can answer any questions that you may have and will be able to provide you with further information on the Down Payment Assistance Program.

For any other questions please see our FAQ page here.