Tennessee · Rate discount

THDA Homeownership for Heroes

Rate discount + FTB waiver for heroes

0.5% rate reduction for veterans, active military, firefighters, EMTs, and law enforcement. Waives FTB requirement.

THDA's Homeownership for Heroes provides up to $10,000 in DPA for first responders, teachers, healthcare workers, and military members. Nashville's explosive growth has made this program particularly important for essential workers in the metro area.

AmountRate discount + FTB waiver for heroes

TypeRate discount

Available inTennessee

First-time buyer requiredNo

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

THDA Great Choice Home Loan Below-market 30-year fixed rate

Tennessee · Subsidized loan

THDA Great Choice Plus (Forgivable) $6,000

Tennessee · Forgivable loan

THDA Great Choice Plus (5%) $15,000

Tennessee · Second mortgage

All Tennessee programs →

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