Community Homebuyer
Renasant Bank’s Community Homebuyer Program is designed for buyers with low-to-moderate household incomes or those purchasing in eligible designated areas. It offers 100% financing — meaning you can buy a home with no money down — and eliminates the cost of private mortgage insurance (PMI), making your monthly payment more affordable from day one.
Program Details
No Down Payment Required
100% financing available on primary residence purchases
No PMI
Skip the monthly private mortgage insurance premium entirely
Eligible Properties
Single-family homes, condos, and planned unit developments (PUDs)
Built for Your Community
Designed for low-to-moderate income households and buyers in designated areas
Credit-Reviewed
Some credit score and income restrictions may apply; a mortgage banker can walk you through eligibility
Primary Residence Only
Program applies to homes you’ll live in as your main home
Why the Community Homebuyer Program?
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Stop renting. Start building equity — without waiting years to save a down payment
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No PMI means a lower monthly payment compared to many low-down-payment loans
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Work with a local Renasant Mortgage Banker who knows your market
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Available on single-family homes, condos, and PUDs
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Designed specifically to help working families and community members achieve homeownership
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Part of a broader suite of affordable mortgage products from a trusted regional bank
3 Steps to Your New Home
Step 1
Connect With a Mortgage Banker
Reach out to a Renasant Mortgage Banker to discuss your situation, income, and goals. They’ll help determine if you qualify for the Community Homebuyer Program.
Step 2
Get Pre-Qualified
Submit basic financial information so Renasant can evaluate your eligibility. Pre-qualification gives you purchasing power and clarity before you shop.
Step 3
Find Your Home & Close
Once pre-qualified, shop for an eligible property (single-family, condo, or PUD as primary residence) and your Renasant team will guide you through to closing.
All loans subject to credit and underwriting approval. Other fees, conditions, and restrictions may apply. This is not a commitment to lend.
Frequently Asked Questions
Who qualifies for the Community Homebuyer Program?
The program is available to buyers with low-to-moderate household incomes, as well as buyers purchasing properties in designated community areas. A Renasant Mortgage Banker can confirm your specific eligibility.
Do I really need zero down payment?
Yes — the Community Homebuyer Program offers 100% loan-to-value (LTV) financing on primary residences, meaning no down payment is required. Conditions apply.
Is there a minimum credit score?
Some credit score restrictions may apply. Renasant reviews each application individually. The best first step is speaking with a mortgage banker to understand where you stand.
What types of properties are eligible?
Single-family homes, condominiums, and planned unit developments (PUDs) that will be used as your primary residence qualify for this program.
Is PMI (Private Mortgage Insurance) required?
No — one of the biggest advantages of this program is that monthly PMI is not required, which reduces your overall monthly payment.
Can I combine this with other assistance programs?
Renasant offers several affordable mortgage products and down payment assistance options. Ask your Mortgage Banker whether bundling programs makes sense for your situation.
Is this available in Tennessee and other states?
Renasant Bank operates in multiple states including Tennessee, Mississippi, Alabama, Georgia, Florida, and more. Contact a local mortgage banker to confirm availability in your area.
What if I’m not sure I qualify?
Don’t guess — just ask. There’s no cost or obligation to speak with a Renasant Mortgage Banker and find out where you stand.
Disclaimer
The information provided on this page is for general informational purposes only and does not constitute financial, legal, or mortgage advice. ROWE | WYSE Partners and Onward Real Estate are independent real estate brokerages and are not affiliated with, representatives of, or acting on behalf of Renasant Bank, Pinnacle Financial Partners, the City of Memphis, the Tennessee Housing Development Agency (THDA), or any other lending institution or government agency referenced on this page.
Down payment assistance program details, eligibility requirements, income limits, and availability are subject to change without notice. The eligibility results generated by this tool are based on publicly available geographic and census tract data and are intended as a starting point for research only — they do not constitute a guarantee of program approval or loan qualification.
All financing decisions should be made in consultation with a licensed mortgage lender or financial advisor. Contact the applicable program directly to confirm current terms before making any purchase decision.