Can Self-Employed Buyers Get Down Payment Assistance in Tennessee?
Self-employed or 1099 in Tennessee? Which THDA and local down payment programs you can use, the 2-year rule, the documents and how lenders count income.
Homebuyer guides
First-time homebuyer guides for Tennessee teachers and first responders
Plain answers for Tennessee teachers, first responders and veterans on cash to close, credit, income rules, loan types and THDA's Heroes program.
I Drive for Uber or DoorDash. Do I Qualify for Down Payment Assistance in Tennessee?
Drive for Uber, Lyft or DoorDash in Tennessee? Which THDA and city down payment programs you can use, the 2-year rule and how mileage cuts your income.
How much money do you need to buy a house in Tennessee?
Cash to close in Tennessee by loan type: FHA, VA and USDA down payments, closing costs, and how THDA Heroes Plus and local help can cover the gap.
What credit score do you need to buy your first home in Tennessee?
THDA needs a 640 score for everyone on a Heroes or Great Choice loan. How that compares with FHA, VA, USDA and conventional rules, and how to raise yours.
Can you get a mortgage with student loans in Tennessee?
How FHA, Fannie Mae and Freddie Mac count student loans, including $0 income-driven payments and PSLF, for Tennessee teachers and first responders.
Does overtime and shift pay count toward a mortgage in Tennessee?
How lenders count overtime, shift pay and second jobs for Tennessee police, firefighters, EMTs and dispatchers on THDA Heroes loans, and when pay drops.
How do lenders count a Tennessee teacher's contract and summer pay?
How lenders count 10-month teacher contracts, summer pay and new-hire offer letters for Tennessee K-12 teachers using THDA Homeownership for Heroes.
Is Tennessee down payment assistance a grant, a forgivable loan or a loan you repay?
Which Tennessee down payment programs are grants, forgivable loans or repayable loans, from THDA Heroes Plus to Chattanooga, Murfreesboro and FHLB grants.
FHA, conventional, VA or USDA: which loan fits a Tennessee first-time buyer?
Compare FHA, VA, USDA and conventional loans for Tennessee first-time buyers: down payment, mortgage insurance, and which work with THDA Heroes.
What are the steps to buy your first home in Tennessee?
The steps to buy a first home in Tennessee with THDA Homeownership for Heroes: eligibility, pre-approval, homebuyer education, rate lock, closing and move-in.
What mistakes delay or kill a down payment assistance approval in Tennessee?
The mistakes that delay or sink a THDA Heroes Plus or local down payment assistance approval in Tennessee, from price and income limits to job changes.
How do Good Neighbor Next Door and other hero home discounts work in Tennessee?
How HUD's Good Neighbor Next Door 50% discount works for Tennessee teachers, police, firefighters and EMTs, how it compares with THDA Heroes, what to avoid.
