THDA (Tennessee Housing Development Agency) at thda.org provides the Great Choice Home Loan and Great Choice Plus DPA (0% deferred second) for qualifying TN buyers.

What is Great Choice Plus?

Great Choice Plus provides a 0% interest deferred second loan — no monthly payments until you sell, refinance, or pay off the first. Verify current terms at thda.org.

How competitive is the Nashville housing market?

Nashville is one of the most competitive markets in the Southeast. Pre-approval and strong offers are required. THDA program purchase-price caps are often exceeded in Nashville metro.

Does Tennessee have a state income tax?

Tennessee has no state income tax on wages (investment income tax was also eliminated). This significantly boosts take-home pay and effective affordability.

Where can I find a HUD counselor in Tennessee?

HUD lists approved housing counselors at hud.gov/states/tennessee.

Mortgages in Tennessee

Tennessee's housing market is highly varied: Nashville metro prices have risen sharply and competition is intense. Memphis and Knoxville offer more accessible entry-level markets. Chattanooga and the smaller cities present growing markets. Tennessee has no state income tax on wages — a meaningful affordability benefit.

More Tennessee guides

Personal Loans in Tennessee Auto Insurance in Tennessee Homeowners Insurance in Tennessee Renters Insurance in Tennessee Auto Loans in Tennessee Student Loans in Tennessee Life Insurance in Tennessee High-Yield Savings in Tennessee

Mortgages by state

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