First-time Homebuyers

You have a choice in a home loan.

Make it a Great Choice.

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Great Choice Home Loans

This is a 30-year, fixed interest rate home loan available through private banks and lenders. These loans focus on first-time homebuyers, U.S. military veterans, and homebuyers in targeted areas.

Tennessee Housing Trust Fund


Part of THDA's support of Tennessee's most under-served citizens.

The Tennessee Housing Trust Fund, financed by proceeds from THDA's mortgage loan program, serves the needs of low- and very low-income elderly and special needs Tennesseans. Grants are awarded to and administered by cities, counties, development districts, public housing authorities, and nonprofit organizations. The fund supports several initiatives.

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From displaced by Hurricane Katrina to new home owner

Dawn Fears and her daughters lost their home in the aftermath of Hurricane Katrina. They lived with family for nine years, during which Dawn worked hard to save money to have the ability to buy a home herself and her kids in her native Nashville. Dawn was especially concerned about a down payment, but her mortgage lender suggested she apply for one of our THDA Great Choice home loans, which offers down payment assistance to qualified applicants. Dawn was also concerned about finding the time to complete homebuyer education classes, but she says they were extremely helpful - and now she recommends them to others who are looking to buy a home. Check out what Dawn was able to do with do help from our Great Choice Mortgage Program, and check out what we can do for you by clicking on the Buy a Home tab at the top of this page!