The Tennessee Housing Development Agency (THDA) offers qualified buyers money (5% of the purchase price of home) to put down on certain homes in Tennessee with the Great Choice Plus program.*
Qualified buyers can get 15% of the purchase price of the home to use as down payment with the HHF-DPA program, which targets specific areas and zip codes.*
If you qualify for a Great Choice Home Loan, you can apply for financial assistance with your down payment and/or closing costs.
Financial assistance comes in the form of a second mortgage loan on your home. There is no interest on this second loan, and you don’t have to make any monthly payments on it either. You only have to pay it back when you sell, move out of, or refinance your home. And in certain circumstances, this second loan can be forgiven, meaning you don’t have to pay it back at all.
Contact us today to learn more about this program.
Follow this link to learn more: https://thda.org/homebuyers/down-payment-assistance-1
*The amount of the sale price of the home is limited and depends on where you purchase.