New Start Loan Program
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 Declaration
- Affidavit of Affixation (Manufactured Homes)
- Seller Declaration
- 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 Declaration
- New Start Assumption Checklist
- Intent to Allow Assumption
New Start Program Guide
New Start Lending Partner Notices
- NS Notice 2025-1: Renewals and Income Limit Changes
- NS Notice 2024 2: Income Limit Changes
- NS Notice 2024-1: Renewals
- NS Notice 2023-2: Income Limits Increase
- NS Notice 2023-1: Annual New Start Renewal and Loan Amount Increase
- NS Notice 2022-2: Income Increases & HOME Program Reminder
- NS Notice 2022-1: Renewals
Program Guide Revisions
- August 1, 2021- Revision 29
- May 1, 2021- Revision 28
- February 1, 2021 -Revision 27
- March 27, 2019 - Revision 26
- March 1, 2019 - Revision 25
- January 9, 2019 - Revision 24
Old New Start Memo Updates
- September 6, 2021 Implementation of IRS Rev. Ruling 86-124
- August 1, 2021 Mortgage Loan Program Maximum Loan Amount
- May 1, 2021 Recapture Reimbursement
- February 2, 2021 Submission Checklists
- 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 Payments
For further information, please contact sfask@thda.org .