Good If You...

  • Require Government-Backed Assistance with a Mortgage for Your Primary Residence
  • Are a First-Time Homebuyer, Veteran or Live in a Rural Area
  • Would Like Assistance from an Experienced, Local Mortgage Lender Who Understands Federal Assistance Programs
 

Features

  • Assistance Options through a Variety of Permanent and Limited-Time Programs
  • Lower Down Payment Requirements and Repayment Terms than Traditional Mortgages
  • Banker Guidance through the Application, Approval and Closing Process
 
 

FHA

Federal Housing Authority

THDA

TN Housing Development Authority

USDA

Rural Development

VA

Veterans Administration
Available To ... First-time homebuyers or repeat homebuyers who want down payment on a primary residence below 20% and/or who have recovering credit. Low-to-moderate income home buyers financing a primary residence in Tennessee with a 30-year fixed rate mortgage Low-to-moderate income home buyers financing a primary residence in a qualified rural area Qualified military veterans, spouses of service members who died on active duty or as a result of a service-related disability or spouses of an MIA or POW
Down Payment as Low as ... 3.5% 0% 0% 0%
Requires Mortgage Insurance

No

No
 
 
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THDA Special Incentive Programs

THDA Great Choice
Home Loan

  • Structured as 30-Year Fixed Rate Mortgage
  • 640 Credit Score Minimum
  • Qualifying Income Requirements
  • Purchase Price Requirements
See Details

THDA Great Choice Plus
Home Loan

  • Two options for down payment / closing costs assistance
  • Deferred Option
  • Amortizing Option
See Details

THDA Down Payment Assistance

  • 6% or $6,000
  • Deferred Option
  • Amortizing Option
See Details

THDA Homeownership
for Heroes

  • Available to Military, Police, EMTs/Paramedics and Firefighters
  • Reduce Interest Rate by 0.5%
  • Can Be Used in Tandem with VA, FHA or USDA Approved Loans
See Details