THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

Low-interest mortgage loan combined with optional down payment and closing cost assistance for first-time homebuyers in Tennessee. Programs include Great Choice, Great Choice Plus, and Great Advantage options with varying income limits and assistance levels.

Down payment assistance varies by program tier; Great Advantage offers up to $15,000

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

Key Details

  • Down payment assistance up to $15,000
  • Below-market interest rates on home loans
  • First-time homebuyer requirement (some exceptions)
  • Income and purchase price limits apply
  • Must complete homebuyer education course

How to Apply

A grant-savvy contractor in Mountain Home, 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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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 Mountain Home, TN

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