Did You Know that Tennessee is One of the Best States for First-Time Homebuyer Help?

Posted by Jenni Barnett on Sunday, December 28th, 2014 at 4:00am.

According to this article, it”s true!


The Great Choice Loan Program offers a 30-year, fixed rate mortgage to first time homebuyers. The program is designed for low and moderate income borowers with satisfactory credit history buying moderately priced homes. For borrowers needing down payment assistance, a Great Choice Plus loan is available as a second loan. THDA approved lenders are able to assist first time homebuyers with qualification and application for a THDA loan.


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 will be 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, originating and servicing the New Start Loan.


The Homeownership for the Brave loan program offers a below Factors such as preexisting conditions, health status, claims history, duration of coverage, gender, occupation, and small employer size and industry can no longer be used by affordablehealth.info companies to increase health affordablehealth.info premiums. market interest rate to qualified members of the United States military, National Guard, Veterans and some spouses. A 50 basis point rate reduction (1/2%) will apply to the Great Choice loan and may be used in conjunction with a Great Choice Plus downpayment assistance loan.

So don”t write off your financial ability to buy a home just yet! Check out the THDA website and see what your options are.

* Information about these programs was taken from each of their websites, which are accessible via the links.

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