The New Start Loan Program is designed to promote the construction of new homes for low and very low income Tennesseans. The New Start Loan Program is delivered through non-profit organizations (the “New Start Program Partner” or “Program Partner”) with established programs for the construction of single family housing for low and very low income households. The New Start Program Partner is responsible for selecting the homebuyer, determining eligibility, constructing the home, providing homebuyer education, and originating the New Start Loan.
In order to be eligible to participate, the non-profit must first complete, sign and return the THDA New Start Program Partner Application, New Start Loan Program Partner Disclosure and Certification, accompanied by all required documentation listed in Section 2 of the New Start Program Guide. Upon review of these documents by THDA you will be notified of your approval status, provided an identifying Program Partner number assigned to your respective agency/affiliate office, and copies of executed documents will be returned to you.
Becoming a New Start Loan Program Partner:
Allocation Request
New Start Mortgage Loan Program Forms:
- Buyer Profile
- Application Affidavit
- Affidavit of Affixation (Manufactured Homes)
- Seller Affidavit
- THDA Rider
- Notice of Recapture Disclosure
- New Start Details of Purchase
- New Start Underwriting Submission Checklist
- New Start Closed Loan Submission Checklist
- Request for Loan Purchase
- Veteran Exemption Application Affidavit
- New Start Assumption Checklist
- Intent to Allow Assumption
New Start Program Guide
Program Guide Revisions
March 27, 2019 - Revision 26
March 1, 2019 - Revision 25
January 9, 2019 - Revision 24
New Start Memo Updates
May 6, 2020 - New Program Guide and Allocation
March 27, 2019 - Middle TN Market Acquisition
March 1, 2019 - Servicing Process
January 9, 2019 - New Servicer
September 14, 2018 - Social Security Pmts
For further information, please contact sfask@thda.org .