First-time Homebuyers
A 30-year fixed interest rate home loan created by THDA to make homeownership more affordable to qualified Tennesseans.
A 30-year fixed interest rate home loan created by THDA to make homeownership more affordable to qualified Tennesseans.
Great Choice offers a 1/2% interest rate reduction for qualified military, police officers, EMT/paramedics and firefighters and their spouses through Homeownership for Heroes.
Repeat homebuyers in over 50 Tennessee counties can take advantage of Great Choice's downpayment assistance to buy their next home.
If you qualify for a Great Choice Home Loan, you also have the option of financial assistance with your down payment and/or closing costs.
THDA encourages homebuyer education for all homebuyers and requires it for all of the THDA mortgage loan programs.
THDA works with a select network of lenders across Tennessee to offer our mortgage loans to eligible first time and repeat homebuyers.
THDA works with REALTORS® across the state who are trained and approved for the Great Choice Home Loan program.
Purchasing an off-site construction home is an option for new homebuyers using THDA’s Great Choice Mortgage.