Bootcamp For Buyers

First Time Homebuyer Programs in Tennessee

Tennessee provides a variety of first-time homebuyer programs through the Tennessee Housing Development Agency (THDA). These programs offer financial assistance, competitive mortgage rates, and resources to make homeownership more accessible.

Great Choice Home Loan Program

The Great Choice Home Loan Program offers fixed-rate mortgages for eligible buyers.

  • Provides 30-year fixed-rate loans with competitive interest rates.
  • Available for FHA, VA, USDA, and conventional loans.
  • Income and purchase price limits apply based on household size and location.

Down Payment Assistance (DPA) Program

The DPA Program helps buyers with upfront costs such as down payments and closing costs.

  • Offers up to $6,000 in down payment and closing cost assistance.
  • Structured as a 0% interest loan, repayable over 15 years.
  • Must be used with a Great Choice Home Loan.

Homeownership for the Brave

The Homeownership for the Brave program provides additional benefits for veterans and active-duty military personnel.

  • Offers reduced interest rates for qualified borrowers.
  • Can be combined with THDA down payment assistance programs.
  • Eligibility includes active-duty service members, veterans, and surviving spouses.

Tennessee’s first-time homebuyer programs are designed to make homeownership more affordable and attainable. Explore these opportunities to find the right fit for your needs and take the first step toward owning your dream home in the Volunteer State.