{"id":321,"date":"2018-06-19T12:14:45","date_gmt":"2018-06-19T16:14:45","guid":{"rendered":"https:\/\/volunteerhomemortgage.com\/?page_id=321"},"modified":"2022-09-12T15:58:05","modified_gmt":"2022-09-12T19:58:05","slug":"tennessee-housing-development-agency","status":"publish","type":"page","link":"https:\/\/volunteerhomemortgage.com\/loan-information-center\/tennessee-housing-development-agency\/","title":{"rendered":"THDA Programs"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; fullwidth=&#8221;on&#8221; custom_padding_last_edited=&#8221;on|tablet&#8221; _builder_version=&#8221;4.18.0&#8243; background_color=&#8221;#ffffff&#8221; custom_padding_tablet=&#8221;&#8221; custom_padding_phone=&#8221;&#8221; transparent_background=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_fullwidth_header title=&#8221;Tennessee Housing Development Agency&#8221; subhead=&#8221;Learn about THDA loans at our Loan Information Center&#8221; text_orientation=&#8221;center&#8221; background_overlay_color=&#8221;rgba(0,0,0,0.56)&#8221; content_max_width=&#8221;none&#8221; admin_label=&#8221;Fullwidth Header&#8221; _builder_version=&#8221;4.18.0&#8243; title_font_size=&#8221;50px&#8221; subhead_font=&#8221;|600|||||||&#8221; subhead_font_size=&#8221;24px&#8221; background_color=&#8221;rgba(255, 255, 255, 0)&#8221; background_image=&#8221;https:\/\/volunteerhomemortgage.com\/volunteer\/uploads\/2016\/08\/Smoky-Entrance.jpg&#8221; custom_padding=&#8221;8vh||8vh||true|false&#8221; custom_padding_tablet=&#8221;6vh||6vh||true|false&#8221; custom_padding_phone=&#8221;3vh|12px|3vh|12px|true|true&#8221; custom_padding_last_edited=&#8221;on|phone&#8221; subhead_font_size_tablet=&#8221;&#8221; subhead_font_size_phone=&#8221;20px&#8221; subhead_font_size_last_edited=&#8221;on|phone&#8221; background_url=&#8221;https:\/\/volunteerhomemortgage.com\/volunteer\/uploads\/2016\/08\/Smoky-Entrance.jpg&#8221; button_one_letter_spacing_hover=&#8221;0&#8243; button_two_letter_spacing_hover=&#8221;0&#8243; global_module=&#8221;932&#8243; saved_tabs=&#8221;all&#8221; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221; button_one_text_size__hover_enabled=&#8221;off&#8221; button_two_text_size__hover_enabled=&#8221;off&#8221; button_one_text_color__hover_enabled=&#8221;off&#8221; button_two_text_color__hover_enabled=&#8221;off&#8221; button_one_border_width__hover_enabled=&#8221;off&#8221; button_two_border_width__hover_enabled=&#8221;off&#8221; button_one_border_color__hover_enabled=&#8221;off&#8221; button_two_border_color__hover_enabled=&#8221;off&#8221; button_one_border_radius__hover_enabled=&#8221;off&#8221; button_two_border_radius__hover_enabled=&#8221;off&#8221; button_one_letter_spacing__hover_enabled=&#8221;on&#8221; button_one_letter_spacing__hover=&#8221;0&#8243; button_two_letter_spacing__hover_enabled=&#8221;on&#8221; button_two_letter_spacing__hover=&#8221;0&#8243; button_one_bg_color__hover_enabled=&#8221;off&#8221; button_two_bg_color__hover_enabled=&#8221;off&#8221;][\/et_pb_fullwidth_header][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;section&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h3 style=\"text-align: center;\">Down Payment Assistance Programs Through THDA<\/h3>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=&#8221;1_2,1_2&#8243; _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.18.0&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; hover_enabled=&#8221;0&#8243; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<\/p>\n<ul>\n<li>Eligible Programs for THDA &#8211; Conventional, FHA, VA &amp; RD<\/li>\n<li>640 Minimum Score<\/li>\n<li>45% Max DTI (No Credit Score option allowed &#8211; 36% DTI &amp; 2 months reserves)<\/li>\n<li>First Time Home Buyer *(exemptions for targeted counties)<\/li>\n<li>Household Income Limits<\/li>\n<li>Acquisition Cost Limits<\/li>\n<li>Single Family Residence<\/li>\n<li>Owner Occupied Property<\/li>\n<li>Land Limit: 5 acres<\/li>\n<li>THDA-Specific Documents<\/li>\n<li>First Time Homebuyer&#8217;s Education Requirement<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][et_pb_column type=&#8221;1_2&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; use_border_color=&#8221;off&#8221; border_color=&#8221;#ffffff&#8221; border_style=&#8221;solid&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>Active Duty and Military Veterans<\/li>\n<li>THDA underwriters review the pay stub, VOE and tax return for the household income calculation.<\/li>\n<li>The DPA must be repaid if the home is no longer owner-occupied; within 30 years for the 5% Great Choice Plus.<\/li>\n<li>THDA&#8217;s servicing department is Volunteer Mortgage Loan Servicing, or VMLS for short.<\/li>\n<li>Targeted Areas &#8211; Repeat Homebuyers<\/li>\n<li>THDA Guidelines<\/li>\n<li>Eligibility Requirements &amp; Conditions<\/li>\n<\/ul>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.16&#8243; text_orientation=&#8221;center&#8221; global_colors_info=&#8221;{}&#8221;]<strong>THDA Home Link: <a href=\"https:\/\/thda.org\/homeownership-partners\/lenders\" target=\"_blank\" rel=\"noopener noreferrer\">THDA.org\/business-partners\/lenders<\/a><\/strong><\/p>\n<p><strong>THDA Link: <a href=\"http:\/\/greatchoicetn.com\" target=\"_blank\" rel=\"noopener noreferrer\">GreatChoiceTN.com<\/a><\/strong><\/p>\n<p><strong>Learn about &#8220;Mortgage with a Heart&#8221; with THDA<\/strong><br \/>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Down Payment Assistance Programs Through THDA Eligible Programs for THDA &#8211; Conventional, FHA, VA &amp; RD 640 Minimum Score 45% Max DTI (No Credit Score option allowed &#8211; 36% DTI &amp; 2 months reserves) First Time Home Buyer *(exemptions for targeted counties) Household Income Limits Acquisition Cost Limits Single Family Residence Owner Occupied Property Land [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":87,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/pages\/321"}],"collection":[{"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/comments?post=321"}],"version-history":[{"count":5,"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/pages\/321\/revisions"}],"predecessor-version":[{"id":1147,"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/pages\/321\/revisions\/1147"}],"up":[{"embeddable":true,"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/pages\/87"}],"wp:attachment":[{"href":"https:\/\/volunteerhomemortgage.com\/wp-json\/wp\/v2\/media?parent=321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}