First Time Homebuyers
New Start Loan Program
Flexible Home Concepts
Lenders / Servicers
Current Interest Rates
BUILD Loan Program
THDA Mortgage Products
THDA offers 30-year, fixed rate mortgages and down payment assistance to
. The programs are designed for low and moderate income borrowers with satisfactory credit history buying moderately priced homes.
Great Choice Loan Program
The Great Choice loan offers a 30-year, fixed rate mortgage to first time homebuyers. For borrowers needing down payment assistance, a Great Choice Plus loan is available as a second loan. THDA approved lenders are able to assist first time homebuyers with qualification and application for a THDA loan. Contacting a THDA approved lender is one of the first steps in the homebuying process.
Current Interest Rates
Great Choice Plus: Down Payment/Closing Cost Assistance Loan
This is a second mortgage loan offering down payment and closing cost assistance at no interest in conjunction with a Great Choice or Homeownership for the Brave loan. This is a second loan equal to 4% of the sales price of the home and is paid in full over the first ten years of the mortgage or upon sale of the home. Homebuyer Education is required for this loan and is an eight hour training session.
Homeownership for the Brave Loan Program
THDA is very proud of the service that military veterans have provided to our state and country. In honor of their service, a special interest rate has been designated to help ensure that veterans have access to affordable homeownership opportunities. This loan program offers a below market interest rate to qualified members of the United States military, National Guard, Veterans and some spouses. A 50 basis point rate reduction (1/2%) will apply to the Great Choice loan and may be used in conjunction with a Great Choice Plus downpayment assistance loan. First Time Homebuyer requirement is waived for this loan.
for more information.
Great Choice Plus:
Great Choice Brave:
Andrew Jackson Building Third Floor | 502 Deaderick St. | Nashville, TN 37243
General Information: 615-815-2200 | Toll Free: 800-228-THDA
Housing Discrimination Complaints - TN Human Rights Comm.: 800-251-3589
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