Tennessee First-Time Home Buyer Programs 2026
$6,000 DPA available through Tennessee Housing Development Agency (THDA). THDA Great Choice Plus program offers $6K at 0% — deferred until sale or refi.
Max Assistance
$6,000 DPA
Type
0% deferred loan (Great Choice Plus)
Min Credit
640+
Max Home Price
$375,000
Ready to apply for Tennessee assistance?
Get pre-approved in minutes — your lender will connect you with THDA programs automatically.
Tennessee First-Time Buyer Programs Comparison
| Program | Max Assistance | Type | Min Credit | Income Limit |
|---|---|---|---|---|
| THDA Great Choice Plus Best statewide program | $6,000 | 0% deferred loan | 640+ | $80K–$100K |
| THDA Hardest Hit Fund Selected counties only | Up to $15,000 | Forgivable grant | 640+ | Same |
Eligibility Requirements
- ✓640+ credit score
- ✓Income within THDA limits
- ✓Homebuyer education required
- ✓Primary residence in Tennessee
Pro Tip
Available statewide: Memphis, Nashville, Knoxville, Chattanooga, Clarksville.
How to Apply for Tennessee Programs
Get Pre-Approved
Work with a THDA-approved lender. They handle the state program paperwork for you.
Complete Education
Take the required homebuyer education course (online, ~6 hours, ~$75). Required by most state programs.
Close & Get Funds
The 0% deferred loan (Great Choice Plus) is applied at closing — you don't pay extra at the table.
Official Agency
Tennessee Housing Development Agency
THDA — Tennessee official housing finance authority
Frequently Asked Questions
What is the best first-time home buyer program in Tennessee?
The best program in Tennessee is the THDA Great Choice Plus, which offers $6,000 as a 0% deferred loan. Minimum credit score: 640. Income limit: $80K–$100K.
How much down payment assistance is available in Tennessee?
Tennessee offers up to $6,000 DPA through Tennessee Housing Development Agency (THDA). The assistance is structured as a 0% deferred loan (Great Choice Plus). Income limits are $80,000–$100,000 depending on household size and county.
What credit score do I need for Tennessee first-time buyer programs?
Most Tennessee programs through THDA require a minimum credit score of 640. Some programs may accept lower scores with compensating factors. Check with an THDA-approved lender for your exact score requirements.
What is the income limit for Tennessee first-time buyer programs in 2026?
In 2026, Tennessee income limits are $80,000–$100,000 depending on household size and county. The home price limit is $375,000. These limits are set by Tennessee Housing Development Agency.
Don't Leave $6,000 DPA on the Table
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