THDA serves Tennesseans through four roles: Administrator, Leader, Resource and Facilitator of Partnerships. We look forward to working with you to promote affordable housing opportunities.
THDA Homeownership Partners
November is the beginning of the holiday season and THDA’s office will be closed November 11th in observance of Veterans Day and November 26th and 27th for Thanksgiving. THDA will guarantee that all loan files received on or before 12:00 noon on November 16, 2009 will be reviewed by our underwriters within 3-5 days based on volume. The 12:00 noon deadline on November 16, 2009 also applies to files received electronically and should include all data as well as images. As you forward conditions to the underwriters, please allow sufficient time for review. We will continue to accept and review loan files received after November 16th, however, due to the holiday schedule and the anticipated increase in loan volume, we cannot guarantee you that our underwriters will be able to review and issue a commitment for month end closings.
New THDA Stimulus Second Mortgage Program
THDA has implemented a new second mortgage program, THDA Stimulus Loan Program, for downpayment and closing cost assistance. This program complements THDA’s existing Homeownership Choices incorporating the tax credit.
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The purpose of NSP is to provide emergency assistance to state and local governments to acquire and redevelop foreclosed properties that might otherwise become sources of abandonment and blight within their communities.
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In conjunction with public/private partnerships, THDA has implemented a new home improvement loan program. Preserve loans are available to eligible low- and moderate- income homeowners whose primary residence is located in Middle Tennessee and Madison County in West Tennessee for eligible rehabilitation and home improvement activities. Please click
HERE to find a participating Preserve Loan Partner.
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