THDA Loans

Tennessee Housing Development Agency (THDA) offers 30-year fixed-rate mortgages and down payment assistance to first-time homebuyers. A first-time homebuyer is considered anyone who has not owned his or her principal residence in the last three years, anyone buying in targeted areas, or an honorably discharged or re-enlisted veteran and spouse.

Not every borrower is eligible for a THDA mortgage. Borrowers must have satisfactory credit and the home must meet certain conditions. Income limits and acquisition costs limits do apply. THDA’s homeownership programs are designed for low and moderate income borrowers. The Great Rate Mortgage Program offers a below market interest rate secured by a first mortgage. The Great Advantage and Great Start programs offer loans at slightly higher interest rates but offer assistance with down payment and closing costs.

No matter where you are in your journey to home, we’re here to help you. From conventional loans to THDA home loans, we can find the right fit for you. If you’re not sure what to choose, start the quick application, and we’ll get in touch with you.

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Why Guaranty Trust


Since 1986, Guaranty Trust has been a leader in residential mortgage lending. Locally owned and operated in Tennessee, we service loans in 32 states. That means you receive friendly personal service from a hometown team, plus the deep resources of a large organization. From Conventional, Jumbo, FHA, VA, Rural Development, and THDA loans, our experts can guide you through the process with speed and ease.