THDA Home Loans | Leaders Credit Union Skip to main content

THDA Home Loans

THDA Home Loan Highlights

Below are highlights of the Tennessee Housing Development Agency (THDA) Great Choice Plus Loan programs.


Up to $7,500 Down Payment/Closing Cost Assistance

Qualified applicants may receive $7,500 in assistance for homes with a purchase price of $150,000 or greater. Homes with a purchase price under $150,000 are eligible for $6,000 in assistance.

Available Anywhere in Tennessee

All qualified residences of Tennessee may take advantage of this program.

15-Year Second Mortgage

Assistance through the program is in the form of a 15-year term second mortgage with an interest rate equal to that of the first mortgage.*

Household Income and Purchase Price Limits

While relevant limits are generous, eligibility requires current income and home purchase price to be under certain maximum amounts which vary by county and household size. You can check your county's limits here.

*Repayment of the second mortgage balance is required if home is sold or refinanced.


Contact Our Mortgage Champions


Apply Online


35 Stonebridge Blvd | Jackson