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Tennessee program

THDA Great Choice Home Loan

Tennessee route through Tennessee Housing Development Agency (THDA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

State-backed first mortgage Check official rules 2026-04-22
Agency Tennessee Housing Development Agency (THDA)
Support type State-backed first mortgage
Amount highlight THDA Great Choice Home Loan is a 30-year fixed statewide first mortgage rather than a cash grant. Buyers who qualify for Great Choice may also use the separate Great Choice Plus second-loan path for down payment and closing costs, but that companion assistance is not the main product on this page.
Last verified 2026-04-22

Open questions

Keep Great Choice Plus separate

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

Great Choice Home Loan is detail-safe as the statewide first mortgage. Public copy should mention Great Choice Plus only as a companion second-loan option and should not merge the companion product's repayment terms into this page.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to Tennessee program hub if you need the wider state context.

Amount

THDA Great Choice Home Loan is a 30-year fixed statewide first mortgage rather than a cash grant. Buyers who qualify for Great Choice may also use the separate Great Choice Plus second-loan path for down payment and closing costs, but that companion assistance is not the main product on this page.

Type

State-backed first mortgage

Repayment

Standard first-mortgage repayment applies because Great Choice is the statewide primary mortgage product. Great Choice Plus, when layered in separately, uses its own second-loan repayment or forgiveness terms and should be treated as a companion product rather than as the main repayment structure of Great Choice Home Loan.

First-time buyer

Varies

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

Tennessee homebuyers using a THDA approved lender, First-time homebuyers under THDA's prior-three-years rule, Repeat buyers purchasing in a targeted county or targeted area, Qualified military borrowers, veterans, and eligible spouses using the Homeownership for Heroes exception

What support do you get?

THDA Great Choice Home Loan is a 30-year fixed statewide first mortgage rather than a cash grant. Buyers who qualify for Great Choice may also use the separate Great Choice Plus second-loan path for down payment and closing costs, but that companion assistance is not the main product on this page.

Do you repay it?

Standard first-mortgage repayment applies because Great Choice is the statewide primary mortgage product. Great Choice Plus, when layered in separately, uses its own second-loan repayment or forgiveness terms and should be treated as a companion product rather than as the main repayment structure of Great Choice Home Loan.

How do you apply?

Work with a THDA approved lender, choose the Great Choice 30-year fixed mortgage, confirm county-level acquisition-cost and household-income limits, complete THDA-required homebuyer education, and document any targeted-area or military and veteran eligibility exception used on the file.

Official source evidence

Current THDA materials show Great Choice Home Loan as a 30-year fixed first mortgage delivered through approved lenders, with county-based income and acquisition-cost limits and repeat-buyer exceptions for targeted areas and qualified military or veteran borrowers.

View official source

Last verified

2026-04-22

Current THDA Homebuyer Handbook and 2025 acquisition-income-limits sheet verified 2026-04-22

Paid preview

What paid access adds for THDA Great Choice Home Loan

See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.

Example paid output for this program. The free page stays visible either way.

Comparison preview

THDA Great Choice Home Loan

Amount: THDA Great Choice Home Loan is a 30-year fixed statewide first mortgage rather than a cash grant. Buyers who qualify for Great Choice may also use the separate Great Choice Plus second-loan path for down payment and closing costs, but that companion assistance is not the main product on this page.

Repayment: Standard first-mortgage repayment applies because Great Choice is the statewide primary mortgage product. Great Choice Plus, when layered in separately, uses its own second-loan repayment or forgiveness terms and should be treated as a companion product rather than as the main repayment structure of Great Choice Home Loan.

First-time buyer: Varies

Risk checks preview

What gets flagged before you call a lender

  • THDA Great Choice Home Loan requires a participating lender.
  • THDA Great Choice Home Loan must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate THDA Great Choice Home Loan for this household and loan setup?
  • Which first-mortgage product must be paired with THDA Great Choice Home Loan, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official THDA first-time homebuyers page for THDA Great Choice Home Loan
  • Ask whether your lender is approved for this exact program and loan structure.
Open the full Tennessee board

Paid research preview

What paid research already covers in Tennessee

Paid research already tracks city and county programs, employer-assisted paths, specialty and conditional paths for Tennessee.

4 tracked deeper records

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

1 tracked

employer-assisted paths

Employer-linked housing incentives and workforce programs that matter only if they fit your job or agency.

2 tracked

specialty and conditional paths

Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.

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What paid access adds after the free facts

This page stays free for public facts. Paid access turns this program into a shortlist item, a related-path decision layer, risk checks, lender-call prep, and a next-step queue.

If the public facts still look relevant, paid access is where you decide whether this path is stronger than your fallback and what to do next.

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