Skip to content
Purchase Mortgage Loan
Get Pre-Approved

THDA Great Choice Plus (Deferred)

Quick answer

THDA Great Choice Plus (Deferred) is a Tennessee down payment assistance program from Tennessee Housing Development Agency. It provides Up to $6,000 or up to $10,000 as a forgivable loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Who qualifies for THDA Great Choice Plus (Deferred)?

No payments; repaid only on sale or refinance before the 10-year term ends. Homebuyer education is required.

DetailProgram terms
AssistanceUp to $6,000 or up to $10,000
TypeForgivable loan
Minimum creditNot published on the program page
First-time buyerNot required
Income limitsSee official page

How does THDA Great Choice Plus (Deferred) work with an FHA loan?

Tennessee's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $10,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://thda.org/homeownerships/great-choice-loan-program-advantages/. Programs can pause when funds run out, so confirm availability with a participating lender.

“the deferred no payment option of up to $6,000 or up to $10,000” — Tennessee Housing Development Agency

← All Tennessee down payment assistance programs

Frequently asked questions

Up to $6,000 or up to $10,000, according to Tennessee Housing Development Agency.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

Sources

Data last updated October 23, 2026.

Find a lender that offers THDA Great Choice Plus (Deferred)

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

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.