Tennessee Down Payment Assistance Programs (2026, Verified)

Tennessee down payment assistance programs

Quick answer

Tennessee buyers can get down payment help from Tennessee Housing Development Agency. We verified 2 statewide programs, including THDA Great Choice Plus (Amortizing) (Up to 5% of the sales price (maximum $15,000)). Most programs require using the agency's first mortgage, meeting income limits and completing homebuyer education. Details below come from the official agency site.

What down payment assistance does Tennessee offer?

Program	Amount	Type	Min. credit	First-time only?
THDA Great Choice Plus (Amortizing)	Up to 5% of the sales price (maximum $15,000)	Repayable second mortgage	Not stated	No
THDA Great Choice Plus (Deferred)	Up to $6,000 or up to $10,000	Forgivable loan	Not stated	No

How do I apply for Tennessee down payment assistance?

Find a participating lender approved by Tennessee Housing Development Agency.
Get pre-approved for the agency's first mortgage and confirm you meet income and price limits.
Complete the required homebuyer education course.
Your lender reserves the assistance when you go under contract.

Cities in Tennessee

Nashville Memphis Knoxville Chattanooga Clarksville Murfreesboro Franklin Johnson City Jackson Hendersonville

Other states with verified programs

Alabama Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Idaho Illinois

Frequently asked questions

THDA Great Choice Plus (Amortizing): Up to 5% of the sales price (maximum $15,000); THDA Great Choice Plus (Deferred): Up to $6,000 or up to $10,000.

Not always — THDA Great Choice Plus (Amortizing) and THDA Great Choice Plus (Deferred) are open to repeat buyers too.

The agency sets credit requirements with its participating lenders; most require at least a 620–640 score.

Sources

Tennessee Housing Development Agency — THDA Great Choice Plus (Deferred) (verified October 23, 2026)

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.