THDA Homeownership for Heroes

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

Funding status: Active

How much assistance

0.5% reduced interest rate plus up to $15,000 or 5% of purchase price in DPA (Government-Insured Mortgage)

Eligibility

  • Income limits: Varies by county. Same income limits as Great Choice Home Loan.
  • First-time buyer required: No
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within Tennessee.
  • Homebuyer education required: Yes

How to Apply for THDA Homeownership for Heroes

Step 1: Contact a THDA-approved lender and identify yourself as eligible for Homeownership for Heroes. Provide proof of military service or first responder employment. Complete homebuyer education course.

Visit program website

Notes

Available to active duty military, National Guard members, veterans, law enforcement officers, paramedics, EMTs, and firefighters. First-time buyer requirement is waived for all eligible borrowers statewide. Can borrow up to 100% with VA or USDA-RD loan.

Available Statewide In