THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

THDA Great Choice Home Loan is available in Collierville, TN.

THDA provides below-market interest rate mortgages and down payment assistance for first-time homebuyers in Tennessee. Down payment assistance is available as a grant that does not need to be repaid if you stay in the home 15 years.

Down payment assistance amount based on THDA Great Choice Plus program maximum

Official source site checked live on 2026-06-22.

Data last verified 2026-06-09. How we verify our data.

In Collierville, TN, you can combine this program with other local help to cut your cost:

Key Details

  • Down payment assistance up to $15,000 as a grant
  • Must be first-time homebuyer or not owned home in 3 years
  • Below-market interest rate mortgage available
  • Income limits apply (varies by county)
  • Forgiven after 15 years of homeownership

How to Apply

Get free help applying Visit Official Program Page Track this program

(615) 815-2200

A grant-savvy contractor in Collierville, TN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing, subject to funding availability

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

How much can THDA Great Choice Home Loan provide in Collierville, TN?

Down payment assistance up to $15,000.

How do I apply for THDA Great Choice Home Loan in Collierville, TN?

Apply directly with Tennessee Housing Development Agency using the official program link on this page or call (615) 815-2200. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Collierville, TN contractors

Find More Programs in Collierville, TN

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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