Tennessee Housing Development Agency

Browse all grants to compare opportunities across agencies.

Keyword

Latest opportunities (3)

Great Choice Home Loan – First-Time Homebuyers

Open

Tennessee Housing Development AgencyTNFirst-Time HomeownerTennessee Housing Development Agency 30 year fixed rate first mortgage product for first-time and certain repeat buyers, available with FHA, VA, USDA RD or conventional financing and designed to be paired with Great Choice Plus down payment assistance when needed.

Updated: Dec 6, 2025

THDA’s flagship Great Choice Home Loan offers a predictable 30-year fixed mortgage for Tennessee first-time buyers, often paired with down payment assistance to reduce cash-to-close.

Eligible for: Primarily first-time homebuyers (or buyers who have not owned in the past three years) who meet THDA income and purchase-price limits, quali…

Funding: Provides a predictable 30 year fixed rate mortgage platform that can be combined with Great Choice Plus second loan assistance covering up to roughly 5 percent of the purchase price, but the first mortgage itself does not have a single flat assistance amount.Deadline: Rolling; available year-round via participating THDA-approved lenders.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerlow-income homebuyerTennessee residentaffordable mortgagefixed-rate mortgagedown payment assistance eligiblestate HFA loanhomebuyer education required

View details →

Great Choice Homebuyer Programs

Open

Tennessee Housing Development AgencyTNFirst-Time HomeownerStatewide Tennessee Housing Development Agency platform that delivers 30 year fixed rate Great Choice first mortgages and companion Great Choice Plus down payment assistance second loans, along with related products for first-time and repeat buyers.

Updated: Dec 6, 2025

THDA’s Great Choice homebuyer portal is the statewide hub for affordable 30-year fixed-rate loans and companion down payment assistance options for Tennesseans.

Eligible for: Tennessee homebuyers who meet THDA income and purchase-price limits, minimum credit and debt-to-income requirements, and complete a THDA-app…

Funding: Down payment assistance through Great Choice Plus can generally provide up to about 5 percent of the purchase price, capped near 15000 dollars, as a subordinate loan to help cover required down payment and closing costs when paired with a Great Choice Home Loan.Deadline: Rolling; statewide, subject to program funding and current rate sheets.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerlow-income homebuyerTennessee residentdown payment assistanceclosing cost assistanceaffordable mortgagefixed-rate mortgagestate HFA loanhomebuyer education required

View details →

Great Choice Plus – Down Payment Assistance

Open

Tennessee Housing Development AgencyTNFirst-Time HomeownerTennessee Housing Development Agency subordinate second mortgage that rides alongside a Great Choice first mortgage and provides up to around 5 percent of the home purchase price, typically capped near 15000 dollars, to cover down payment, closing costs and certain prepaid items.

Updated: Dec 6, 2025

Great Choice Plus is THDA’s companion down payment assistance loan, adding a low-cost second mortgage so income-eligible buyers can close with far less cash.

Eligible for: Borrowers who qualify for a Great Choice Home Loan, meet THDA income and purchase-price limits, complete required homebuyer education/counse…

Funding: Can provide up to about 5 percent of the home's purchase price, generally capped near 15000 dollars, as a structured second mortgage that helps cover down payment, reasonable closing costs and prepaid expenses when paired with a Great Choice first mortgage.Deadline: Rolling; only available in conjunction with an eligible Great Choice Home Loan while THDA DPA funds remain.RollingStatewidehomebuyerfirst-time homebuyerrepeat homebuyerlow-income homebuyerTennessee residentdown payment assistanceclosing cost assistancesecond mortgagestate HFA loanhomebuyer education required

View details →