THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

State-funded down payment and closing cost assistance for first-time homebuyers in Tennessee. Combines below-market interest rate mortgage with forgivable second loan for down payment and closing costs.

Down payment assistance amount based on purchase price and borrower need

Key Details

  • Down payment assistance up to $15,000
  • Below-market interest rate mortgage
  • First-time homebuyer or qualified repeat buyer
  • Income and purchase price limits apply
  • Second mortgage forgiven after 15 years

How to Apply

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

Deadline: Ongoing, subject to fund availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Johnson City, TN

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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