Up to 5% of sales price, max $15,000. 30-year second mortgage at same rate as first.
THDA's 5% DPA option provides the maximum assistance level — 5% of the purchase price. On a $300,000 Nashville home, that's $15,000. The higher DPA comes with a slightly higher first mortgage rate, creating a trade-off between upfront assistance and monthly cost.
$15K covers most FHA down payments on properties up to $430K.
We'll show you how to combine THDA Great Choice Plus (5%) with other programs to maximize your free money — personalized to your ZIP code and income.