Active Duty Military & Veterans

You have a choice in a home loan. Make it a Great Choice.

As a state agency, THDA celebrates and honors the men and women who serve in our country’s military with the Homeownership for the Brave program.

Homeownership for the Brave is a type of Great Choice Home Loan that offers financial assistance along with these added benefits:

  • Reduced interest rate by half percentage point (0.5%)
  • Waive requirements to be a first-time homeowner in all areas of Tennessee
  • Borrow up to 100% of home’s purchase price with a VA-backed loan or 96.5% with FHA or USDA-RD loans

The Homeownership for the Brave program is available to:

  • Active duty service members, including the National Guard
  • Veterans (unless dishonorably discharged)
  • Reservists with at least 180 days of active duty service
  • Spouses of qualified service members, reservists, and veterans (including surviving spouses)

About Great Choice Home Loans:

  • 30-Year Term - Your monthly payments are spread out across 30 years to keep them affordable.
  • Fixed Interest Rate - The interest rate never changes throughout the entire life of the loan.
  • Minimum Credit Score - The credit score of everyone on your loan application must be at least 640. If you do not know your credit store, your lender can check for you. If your credit score is too low, you can work with a THDA-certified counselor to improve your score.
  • Down Payment Assistance - Homeownership for the Brave includes the option for our Great Choice Plus financial assistance with your loan-related expenses, including down payment (if borrowing less than 100%) and/or closing costs

Next Steps:

If the Homeownership for the Brave program sounds like it might be right for you, we encourage you to start by attending a homebuyer education class. This class is required if you plan to apply for down payment assistance. THDA manages a network of approved homeownership counselors who teach homebuyer education classes.

A homebuyer education class can teach you:

  • How to determine your budget
  • What makes a home right for you
  • What questions to ask when looking at a home
  • How to qualify for a home loan
  • What’s involved in maintaining a home once you’re a homeowner


THDA works with Lenders and REALTORS® across the state who are trained and approved for the Homeownership for the Brave program.

Find an approved lender in your area.

Find an approved REALTOR in your area.