Tennessee First-Time Homebuyer Programs | The Lenders Network

Get Pre-Approved and Check Today’s Rates


Great Choice Home Loan Program

The Great Choice Loan Program offers 30-year, fixed-rate mortgages to qualified first-time, repeat, and military veteran homebuyers. Great Choice is used in conjunction with FHA, VA, USDA-RD, and uninsured conventional loans. The Great Choice Loan Program consists of two parts: Great Choice and Great Choice Plus. Great Choice is the 30-year, fixed-rate mortgage loan referenced above.

Great Choice Plus-Amortizing is a 15-year second mortgage to provide homebuyers with down payment assistance of 6% of the purchase price of the home. Great Choice Plus-Deferred is a 30-year second mortgage to provide homebuyers with down payment assistance in the amount of $6,000. If you purchase your home for less than $150,000, then you can use up to $6,000 toward the down payment. When the purchase price exceeds $150,000, you can use up to $7,500 for down payment assistance. Read more


  • Minimum 640 credit score
  • Must attend a homebuyer education class
  • Meet the household income limit
  • Home price does not exceed the purchase price limit

Statewide and Regional Programs

Get Pre-Approved and Check Today’s Rates

Tennessee Home Contacts


Don Watt, Director
State of Tennessee
Tennessee Housing Development Agency
502 Deaderick St., Third Floor
Andrew Jackson Building
Nashville, TN 37243
Phone: (615) 815-2032
Fax: (615) 532-5069


City of Chattanooga
Ms. Sandra H. Gober, Manager
Department of Community Development
100 E. 11th St.
City Hall Annex, Suite 104
Chattanooga, TN 37402
Phone: (423) 757-5133
Fax: (423) 425-6447

City of Clarksville
Keith D. Lampkin, Housing and Community Development Director
Housing and Community Development
One Public Square
Clarksville, TN 37040
Phone: (931) 648-6133
Fax: (931) 503-3092

City of Jackson
Mr. David L. Ralston, Director
Jackson Housing Authority
125 Preston St.
Jackson, TN 38301
Phone: (731) 422-1671
Fax: (731) 425-4617

City of Kingsport
Community Development Manager
P.O. Box 44
Kingsport, TN 37662
Phone: (423) 378-2933
Fax: (423) 392-2530

City of Knoxville
Becky Wade, Director
Department of Community Development
P.O. Box 1631
Knoxville, TN 37901
Phone: (865) 215-2120
Fax: (865) 215-2962

City of Memphis
Ms. Debbie Singleton, Interim Administrator
Department of Compliance and Reporting
701 N. Main St.
Memphis, TN 38107
Phone: (901) 576-7304
Fax: (901) 576-7427

City of Nashville/County of Davidson
Metropolitan Development and Housing Agency
Joe Cain, Director of Development
P.O. Box 846
Nashville, TN 37202-0846
Phone: (615) 615-252-8508
Fax: (615) 252-8559


County of Knox
Grant Rosenberg, Director
Department of Community Development
400 Main Street, Suite 345
Knoxville, TN 37902
Phone: (865) 215-3980
Fax: (865) 215-3997

County of Shelby
Mr. James Vazquez, Administrator
Department of Housing
1075 Mullins Station Rd.
Memphis, TN 38134-7725
Phone: (901) 379-7102
Fax: (901) 379-7129


Consortia Detail

City of Bristol, TN
HOME Consortium: Jan Detrick, Director
Community Development Department of Planning, Economic, and Community Development
P.O. Box 1189
Bristol, TN 37621-1189
Phone: (423) 989-5521
Fax: (423) 989-5717

Getting Started

Buying a Home

Owning and Maintaining Your Home

Other Tennessee Resources

Source link

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous post Finding the Best Small Business Loans for Veterans
Next post Best Veterinary Practice Financing in 2022