If you’ve been dreaming of owning a home but are worried about the costs, THDA (Tennessee Housing Development Agency) grants can be a game-changer. These grants, particularly for first-time homebuyers, can help with down payment and closing costs, making homeownership more attainable. But navigating the process can be overwhelming if you don’t know where to start — that’s where I come in!
With my experience and understanding of THDA’s programs, I can guide you through every step. Here’s how THDA grants work and why you should reach out to me for help:
1. Eligibility: You may qualify for assistance if you’re a first-time buyer or haven’t owned a home in the last three years. Let me help you determine if you’re eligible and explain how income and purchase price limits apply to your situation.
2. Grant Types: THDA can cover a significant portion of your down payment and closing costs, but understanding the different options (like forgivable second mortgages) can be tricky. I’ll break it down for you so you can make the best decision for your future.
-
Down Payment Assistance (DPA): THDA offers DPA grants to assist with down payments and closing costs. The assistance is often in the form of a forgivable second mortgage, which means the loan is forgiven after a certain number of years (usually 5 to 30), provided the homeowner stays in the home.
-
Great Choice Plus Program: This program provides 100% financing (covering the full loan amount and down payment) for eligible buyers. It comes with a low, fixed-rate mortgage and an optional second mortgage for down payment assistance.
3. Income and Purchase Price Limits: Both household income and the purchase price of the home must fall within certain limits set by the THDA, which vary depending on the county and family size.
4. Approved Lenders: Not all lenders are approved to offer THDA programs. I work with trusted, THDA-approved lenders who can provide you with the right mortgage options and ensure you’re taking full advantage of the assistance available.
5. Homebuyer Education: Most THDA programs require completing a homebuyer education course, and I can point you to the best resources to get that done quickly and easily, so it doesn’t hold you back from your dream of homeownership.
6. Expert Guidance: The terms and conditions of THDA grants can vary, but I’ll make sure you understand all the important details, like how long you need to stay in the home for the grant to be fully forgiven. You’ll have peace of mind knowing you’re making informed decisions.
If you’re ready to explore how much THDA grants can help you, contact me today! I’ll make the entire process easier to understand and guide you through it step by step, so you can achieve homeownership without the stress.
© 2026 MoxiWorks
© Better Homes and Gardens Real Estate 2023 – 2024. All rights reserved. Better Homes and Gardens®, BHGRE® and the Better Homes and Gardens Real Estate Logo are registered service marks owned by Meredith Operations Corporation and licensed to Better Homes and Gardens Real Estate LLC. Franchisee Legal Entity Name (not the dba) fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with, or related to Better Homes and Gardens Real Estate LLC nor any of its affiliated companies.
