THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

THDA offers low-interest mortgages paired with down payment assistance for first-time homebuyers in Tennessee. The Great Choice loan includes up to $15,000 in down payment and closing cost assistance as a second, forgivable loan.

Down payment assistance estimate based on typical award for moderate-income buyers

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $15,000 down payment and closing cost assistance
  • Low fixed-rate 30-year mortgage
  • First-time homebuyer or not owned home in 3 years
  • Income and purchase price limits apply
  • Second lien forgiven over 15 years

How to Apply

A grant-savvy contractor in Maryville, 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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Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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