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City of Memphis

Memphis police homebuyer incentive (HIPP)

Uniformed City of Memphis police officers with at least one year on the job can get up to 10% of the sales price, to a $25,000 cap, with no income limit.

Homebuyer Incentive Program - Police (HIPP)

Funds limited

City of Memphis

For
Uniformed City of Memphis police officers with at least 1 year of service
How much
Up to 10% of sales price, max $25,000 (City DPA cap)

No income limit; buy anywhere in Memphis city limits; HUD HOME value price limit; through approved DPA lender.

Checked against the source November 2026 · how we check

Could I use this?
Want a heads-up? Homebuyer Incentive Program - Police (HIPP) runs on a limited pot of money that can run dry. We'll tell you when a new round is funded.

Who HIPP is for

HIPP is the City of Memphis incentive for its own uniformed police officers. You need at least one year of service with the Memphis Police Department. Deputies with the Shelby County Sheriff's Office and officers from suburban departments are not named, so they would look to THDA instead.

What it pays and where

The award is up to 10% of the sales price, capped at $25,000, and that cap counts all City of Memphis DPA programs together. There is no income limit, which sets HIPP apart from the city's 80% AMI citywide program. You can buy anywhere inside Memphis city limits, as long as the price fits current HUD HOME value limits. Funding varies year to year. The city has not posted whether HIPP is forgiven or repaid, so read the note your lender gives you.

HIPP plus Homeownership for Heroes

Memphis officers also qualify for THDA's Homeownership for Heroes as state and local law enforcement, which brings a rate 0.5% below Great Choice and a Heroes Plus down payment option. On a home within both limits, the THDA loan could handle the rate while HIPP covers cash to close. Whether the two combine is not stated by the city, so a participating lender confirms whether they combine. THDA needs a 640 score and proof of current Tennessee employment plus your license or certification; see law enforcement eligibility and how lenders count overtime and shift pay.

Plan around shifts: MPD officers often work rotating schedules and pick up extra shifts, and lenders decide how much of that pay to count based on its history. Your base pay alone may be what qualifies you, so ask the lender to run numbers both ways before you set a price range. HIPP money can then close the gap between what you have saved and what the deal needs.

Applying

  1. Gather proof of at least one year of MPD service.
  2. Choose a City of Memphis approved DPA lender, ideally one also approved by THDA.
  3. Get pre-approved and shop inside city limits under the HOME value limit.
  4. Ask HCD (901-636-7300) about current funding before you sign a contract.

The Shelby County guide covers the rest of the area. Check your eligibility in a few minutes.

Questions about Homebuyer Incentive Program - Police (HIPP)

Is there an income limit for the Memphis police homebuyer incentive?

No. HIPP has no income limit, though the home must be inside Memphis city limits and under HUD HOME value limits.

How long must I be on MPD to use HIPP?

At least one year of service as a uniformed City of Memphis police officer.

Do Shelby County deputies qualify for HIPP?

The program names uniformed City of Memphis police officers. Sheriff's deputies can look at THDA's Homeownership for Heroes, which covers state and local law enforcement.

Could I use this program?

Other programs worth a look

Summarized from the program's official page as of November 2026. Money and rules change, so check current terms with the program or a lender who takes part. Tennessee Down Payment Assistance has no connection to this program.