1% Down Home Loan for First-Time Buyers in Middle Tennessee

If you’re a first-time homebuyer in Tennessee, you might be closer to owning a home than you think. Thanks to a our down payment assistance program, you can now buy a home with just 1% down and NEXA Mortgage LLC will help cover the rest.

Whether you're renting in Smyrna, Murfreesboro, Nashville, or Mt. Juliet, this program could be the key to getting into your first home with less money upfront and a lower interest rate than most traditional conventional mortgages.

What Is the 1% Down Conventional Loan Program?

This special loan is designed for first-time homebuyers who meet low to moderate income guidelines. Instead of needing a full 3% down payment, you only need to bring 1% to the table and NEXA Mortgage LLC covers the other 2% (up to $7,000) as a lender-paid grant.

That’s real money saved right at the start.

New Enhancements Make It Even More Affordable

Lower interest rates:
A recent change in the program means buyers in Middle Tennessee now benefit from lower monthly payments than standard conventional loans.

Smaller down payment:
Instead of the typical 3%, you’ll only need 1% out of pocket to get started.

Who’s Eligible in Middle Tennessee?

This program is a perfect fit for hardworking Tennesseans who might not qualify for other options due to income or savings limits.

Here’s what you’ll need:

• You must be a first-time homebuyer (or haven’t owned a home in 3+ years)
• A credit score of at least 620
• Income at or below 80% of the Area Median Income for your location
• The home must be a primary residence (1-unit only)
• Homebuyer education is required if all borrowers are first-time buyers

Not sure what 80% of the median income is for your area? I can help you look it up based on your county.

Why This Matters for Middle Tennessee Buyers

In markets like Nashville, Smyrna, Mt. Juliet, and Murfreesboro, rising prices and limited inventory make it tough for new buyers to compete. This program levels the playing field by giving income-qualified families a real shot at owning without draining their savings.

It also follows Fannie Mae and Freddie Mac guidelines, which help keep costs lower and approvals more flexible; especially for buyers in underserved areas of Tennessee.

Let’s See If You Qualify

Helping local families become homeowners is about more than getting a set of keys. It’s about building net worth, generational wealth, and creating financial security for the long haul.

If you’re looking to buy a home in the Middle Tennessee area or know someone who is, let’s talk. It only takes a few minutes to find out if this program is a fit.

📅 Schedule your free consultation here