The Tennessee Housing Development Agency (THDA) was created by state government in 1973 to promote affordable housing options for low and moderate income home buyers. It also exists to promote the rehab of existing-construction homes and stabilize the local housing market.
This program is funded through bonds, but THDA is not a lender or a financial institution; instead the agency purchases “qualified home loans originated through its private-sector lending partners,” according to the official site.
THDA mortgage loans feature 30-year terms with fixed interest rates and down payment assistance. Veterans Can Buy a Home with $0 Down
The VA Home Loan offers $0 Down with no PMI. Find out if you’re eligible for this powerful home buying benefit. Prequalify today!
THDA Homeownership for the Brave
Homeownership for the Brave is part of the THDA Great Choice Home Loan program.