THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

THDA provides below-market interest rate mortgages and down payment assistance for first-time homebuyers in Tennessee. Down payment assistance is available as a grant that does not need to be repaid if you stay in the home 15 years.

Down payment assistance amount based on THDA Great Choice Plus program maximum

Key Details

  • Down payment assistance up to $15,000 as a grant
  • Must be first-time homebuyer or not owned home in 3 years
  • Below-market interest rate mortgage available
  • Income limits apply (varies by county)
  • Forgiven after 15 years of homeownership

How to Apply

Get free help applying Visit Official Program Page Track this program

(615) 815-2200

A grant-savvy contractor in Collierville, TN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing, subject to funding availability

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