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Opportunity Home Loan Fund

Home Loan Program

The Works, Inc. can act as a mortgage lender for homes costing up to $50,000. Some general criteria for potential borrowers include:

  • Households at 80% or below the area median income
  • First time homebuyer (or first time buying a home within the past three years)
  • Decent credit history, though no minimum credit score is required
  • Interest in purchasing a home in zip codes 38106, 38108, 38109, 38114, 38126, or 38127

However, in some cases The Works can be flexible with these criteria.

If you are interested in applying for the Opportunity Home Loan Fund, the first step is to request an application from our office by calling (901)946-9675. An application may be emailed or mailed to you at your request, or you may pick one up from our offices during regular office hours. You can email the completed application, mail it to our offices, or bring it to our offices in person. The Works will then review your application to begin to determine your qualification for the loan and contact you at that point in time. As we proceed, The Works will need access to a credit report and will need to have an information and counselling session with you in person at our offices.

Please note that this program is a home loan fund. The Works, Inc. will not be involved in helping applicants find an appropriate home.

For more information on the Opportunity Home Loan Fund, you may call our office at (901)946-9675.