THDA Great Choice Homebuyer Program

Tennessee Housing Development Agency

Available Down Payment

About This Program

Down payment assistance loan for first-time homebuyers in Tennessee. Offers low-interest mortgage financing plus up to $15,000 in down payment/closing cost assistance. Second mortgage is forgiven after 15 years of occupancy. Must complete homebuyer education.

Second mortgage for down payment, forgiven after 15 years

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

Key Details

  • Down payment assistance up to $15,000
  • Forgivable second mortgage after 15 years
  • Income limits apply (varies by county)
  • Must be first-time homebuyer
  • Homebuyer education required

How to Apply

A grant-savvy contractor in Mount Juliet, 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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