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Home loans through THDA If you are looking to buy your first home, the Tennessee Housing Development Agency is promoting the Great Choice Loan Program. It offers 30-year, fixed rate mortgages to qualified first-time, repeat and military veteran homebuyers. Great Choice is used in conjunction with FHA, VA, USDA-Rural Development and uninsured conventional loans. Cocke and Jefferson County borrowers must meet the minimum qualifications: satisfactory credit history, income that does not exceed maximun income limit for one or two persons of $67,320 or $78,540 for families with three or more members. The home also must have a purchase price that does not exceed the maximum acquisition price limits. Additionally homebuyers must participate in a THDA-approved homebuyer education course. THDA currently requires a 640 minimum FICO credit score. If your score is too low, homebuyer education counselors can help with strategies to raise your credit score. A Great Choice Loan is designed to help low to moderate income Tennesseans purchase modest homes. It provides a 30-year, fixed rate loan, and provides homebuyers with down payment assistance up to 4% of the purchase price.
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Return to Today's News Stories - Front PageThursday, April 29, 2021
US 411 Project News
Mill Creek Wildfire Update
More Bad News For Smokies' Fans
Wednesday, April 28, 2021
Mill Creek Wildfire doubles in size
Goodbye Smokies?
Keep Cocke County Beautiful
Cocke Co. High School Remote Learning today!
Tuesday, April 27, 2021
The fireflies are coming!
Burnout Operations on MillCreek wildfire today
Gas prices drop
Tennessee keeps all US House seats
Monday, April 26, 2021
Boat accident victim ID'd
Traffic stop yields drug arrest
Cocke County Wildfires
Friday, April 23, 2021
Leaving WNPC
Mathis announces candidacy
Newport drug roundup
Cruise Against Cancer
Jobless numbers
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