Tennessee Housing Development Agency

Learn about THDA loans at our Loan Information Center

Down Payment Assistance Programs Through THDA

  • Eligible Programs for THDA – Conventional, FHA, VA & RD
  • 640 Minimum Score
  • 45% Max DTI (No Credit Score option allowed – 36% DTI & 2 months reserves)
  • First Time Home Buyer *(exemptions for targeted counties)
  • Household Income Limits
  • Acquisition Cost Limits
  • Single Family Residence
  • Owner Occupied Property
  • Land Limit: 5 acres
  • THDA-Specific Documents
  • First Time Homebuyer’s Education Requirement
  • Active Duty and Military Veterans
  • THDA underwriters review the pay stub, VOE and tax return for the household income calculation.
  • The DPA must be repaid if the home is no longer owner-occupied; within 30 years for the 5% Great Choice Plus.
  • THDA’s servicing department is Volunteer Mortgage Loan Servicing, or VMLS for short.
  • Targeted Areas – Repeat Homebuyers
  • THDA Guidelines
  • Eligibility Requirements & Conditions
THDA Home Link: THDA.org/business-partners/lenders

THDA Link: GreatChoiceTN.com

Learn about “Mortgage with a Heart” with THDA