Get Your THDA Loan Started

Get Your THDA Loan Started

The Tennessee Housing Development Agency (THDA) was created in 1973 to help low income individuals and families acquire affordable home loans.THDA is the primary financing agency for the state of Tennessee and is accountable for the administration of many federal and state housing programs. This unit consists of a 16 member board of directors who are liable to both legislative and executive branches of the government.

THDA is not a direct lender, but instead,THDA buys qualified home loans from private lenders. Some of the goals of the THDA include:

  • Promote the manufacturing of affordable housing for those with very low and low to moderate income
  • Promote long term homeownership
  • Bring stability to Tennessee’s residential construction industry
  • Provide socio-economic growth for businesses and social programs related to the residential construction industry
  • Preserve and revive existing housing units for individuals with low to moderate income
  • Help qualify citizens with rental assistance 


Advantages of a THDA Loan

  • Promotes stable housing costs. THDA loans are designed to help stimulate the economy by stimulating the real estate industry. Fixed-rate mortgages can provide long-term, predictable housing costs.
  • Tax Benefits. Property taxes and loan interest you pay on your mortgage are tax deductible, decreasing income tax expenses.
  • Equity. Homeownership is a great way to build equity. Many experts believe that owning a home is the best way to build long-term wealth. If the market increases, so will the value of your home. If you decide to sell your home at any time, you may be able to profit from the equity in your home.
  • Own your own home. Why rent when you can pay a comparable price to own your own home? Owning the home means you define the rules and can make changes or have privileges that renting would not permit.

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