THDA Great Choice Home Loan

Administered by: Tennessee Housing Development Agency (THDA) · State · Government-Insured Mortgage

Funding status: Active

How much assistance

30-year fixed-rate mortgage at below-market interest rates (Government-Insured Mortgage)

Eligibility

  • Income limits: Varies by county. Davidson County: $119,760 for 1-2 person household, $139,720 for 3+ persons
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years. Veterans and buyers in targeted areas are exempt from first-time buyer requirement.
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within Tennessee.
  • Homebuyer education required: Yes

How to Apply for THDA Great Choice Home Loan

Step 1: Contact a THDA-approved lender to apply. Complete required homebuyer education course through a THDA-certified counselor. Visit GreatChoiceTN.com for participating lenders.

Visit program website

Notes

Purchase price limits vary by county, typically up to $400,000. Check GreatChoiceTN.com for current county-specific limits.

Available Statewide In