Low Rate THDA Home Loans | West Tennessee

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THDA Home Loans

Buy a home with down payment or closing cost assistance from the THDA.

Homeownership Made Simple

Leaders Credit Union is proud to partner with the Tennessee Housing Development Agency (THDA) to make the dream of homeownership achievable for our members.

View Loan Highlights

THDA Loans Put the Dream of Homeownership Within Reach

Get the assistance you need to buy a home. Are you:

Worried about depleting your savings to make a down payment? Concerned about closing costs? Seeking assistance to become a homeowner? In search of simple tools to help manage your mortgage experience?

First-time and repeat home buyers may qualify for assistance

Receive up to $6,000 or 5% of the home price

Deferred and amortized options available

Highlights

THDA Down Payment and Closing Cost Assistance

Repeat home buyers in 43 counties plus designated areas of 15 additional counties can qualify

Work directly with one of our Mortgage Champions

First-time and repeat home buyers may qualify for assistance

Receive up to $6,000 or 5% of the home price

Deferred and amortized options available

Repeat home buyers in 43 counties plus designated areas of 15 additional counties can qualify

Work directly with one of our Mortgage Champions

Get Assistance Today

Easy online application process

Testimonials

What Our Members Are Saying About Leaders

We’ve purchased several homes, and working with Leaders has been, by far, the best experience we’ve had. The staff is so helpful and knowledgeable.

Ben Home Loans

Leaders Mortgage Champions were by far the most pleasant, efficient, and professional lenders we have ever dealt with.

Mr. and Mrs. Coach Home Loans

After this experience, I will always call Leaders first. I received prompt attention, accurate info, and FAST completion. My loan officer spoke in plain English, not jargon.

Anonymous Home Loans

The mortgage portal was so easy to use. There was never a question of what I needed to do next. It simplified the process so much.

Sheri Home Loans

From loan application to processing to underwriting, I was totally impressed with how quickly and professionally Leaders handled my loan experience.

Donna Home Loans Previous Next

Frequently Asked Questions About Home Loans

How much money can I get toward a down payment or closing costs?

If you choose the Deferred Option, you can get up to $6,000 in assistance. With the Amortized Option, you can qualify for up to 5% of your home’s price.

If I choose the deferred option, do I need to pay it back?

Deferred assistance is provided in the form of a 30-year second mortgage. If you remain in your home until the end of your mortgage term, your second mortgage will be forgiven and you will not owe anything. If you choose to sell or refinance your home before your term ends, you will be required to repay it.

How long do I have to repay assistance if I choose the amortized option?

If you opt for amortized assistance from the THDA, it will be in the form of a second mortgage with a 30-year term. You will be required to make monthly payments just as you would with any other mortgage.

Which counties qualify for THDA assistance for repeat home buyers?

THDA down payment and closing cost assistance is available to repeat home buyers in 43 counties across Tennessee as well as in parts of 15 additional counties. You can find more information here.

What are the income limitations for THDA assistance?

While relevant limits are generous, eligibility requires current income and home purchase price to be under certain maximum amounts which vary by county and household size. You can check your county's limits here.

Still have questions? Visit our Help Center.

Do You Have THDA Loan Questions?

Schedule a free appointment with one of our Mortgage Champions and we’ll help you choose the best home loan for your needs.

Contact Mortgage

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