THDA Great Choice Home Loan

Tennessee Housing Development Agency

Available Down Payment

About This Program

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

Low-interest mortgage loan combined with optional down payment and closing cost assistance for first-time homebuyers in Tennessee. Programs include Great Choice, Great Choice Plus, and Great Advantage options with varying income limits and assistance levels.

Down payment assistance varies by program tier; Great Advantage offers up to $15,000

Verified against Tennessee Housing Development Agency's official page on 2026-06-17.

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

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

Key Details

  • Down payment assistance up to $15,000
  • Below-market interest rates on home loans
  • First-time homebuyer requirement (some exceptions)
  • Income and purchase price limits apply
  • Must complete homebuyer education course

How to Apply

A grant-savvy contractor in Mountain Home, 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).

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 Mountain Home, TN?

Up to $15,000 down payment assistance.

How do I apply for THDA Great Choice Home Loan in Mountain Home, 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.

Find More Programs in Mountain Home, TN

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

See All Programs