THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

THDA's Great Choice program offers down payment and closing cost assistance for first-time homebuyers in Tennessee. Provides a 30-year fixed-rate mortgage with a second loan for down payment assistance that is forgiven after 15 years of owner occupancy.

Down payment assistance loan forgiven after 15 years of occupancy

Key Details

  • Up to $15,000 for down payment and closing costs
  • Available to first-time homebuyers
  • Forgiven after 15 years of occupancy
  • 30-year fixed-rate mortgage
  • Income limits apply by county

How to Apply

Get free help applying Visit Official Program Page Track this program

(615) 815-2200

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Deadline: Rolling, subject to funding availability

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