First-Time Homebuyer Programs in Tennessee

Tennessee offers robust homebuyer assistance through the Tennessee Housing Development Agency (THDA). The Great Choice Home Loan program provides 30-year fixed-rate mortgages with down payment assistance of up to $6,000 as a forgivable second mortgage or up to $15,000 as a repayable loan. The Homeownership for Heroes program gives veterans, active military, and first responders a 0.5% reduced interest rate and waives first-time buyer requirements.