THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

Below-market-rate mortgage program for first-time homebuyers in Tennessee, including Oak Ridge. Offers competitive interest rates and down payment assistance options. Must complete homebuyer education and meet income/purchase price limits.

Down payment assistance available up to 4% of loan amount as second mortgage

Verified against Tennessee Housing Development Agency's official page on 2026-06-17.

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

Key Details

  • Below-market-rate mortgages for first-time buyers
  • Down payment assistance up to 4% of loan
  • Must complete homebuyer education course
  • Income and purchase price limits apply
  • Available through participating lenders

How to Apply

Get free help applying Visit Official Program Page Track this program

(615) 815-2200

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

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing program

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Need a Contractor for This Grant?

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

Get matched with a pro, free Browse Oak Ridge, TN contractors

Find More Programs in Oak Ridge, TN

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

See All Programs