Homeownership for Heroes
Homeownership for Heroes for Tennessee law enforcement
State and local law enforcement officers working in Tennessee can get THDA's Homeownership for Heroes rate, 0.5% below Great Choice, plus down payment help.
Who counts
State and local law enforcement officers currently employed in Tennessee qualify. That covers city police departments, county sheriff's offices and state agencies.
Your lender verifies current Tennessee employment and your law enforcement certification.
Homeownership for Heroes is a THDA Great Choice home loan (FHA, VA or USDA, 30-year fixed) priced 0.5% below the standard Great Choice rate. Through Heroes Plus you can add one down payment option: a repayable 5% loan up to $15,000, a forgivable 0% loan of $6,000 or $10,000, or up to $25,000 repaid at 0% on a new-build home. You apply through a THDA-approved lender, not through THDA.
Also a veteran?
If you're a qualified veteran, THDA waives the 3-year first-time buyer rule statewide, and a VA loan can finance up to 100% of the price. Bring your DD-214 as well as your department paperwork.
Picking a down payment option
The 5% option gives the most cash on most homes but adds a monthly payment for 30 years. The $6,000 and $10,000 options have no payment and are forgiven after 10 years, but they're due if you sell or refinance first. If a transfer or move could come within 10 years, weigh that.
Papers to have handy
- Your Tennessee law enforcement certification
- Proof of current employment with a Tennessee agency
- Pay stubs and tax returns
- DD-214 if you're also using veteran status
Things people ask
Do sheriff's deputies qualify?
Yes. THDA covers state and local law enforcement officers currently employed in Tennessee, which includes county sheriff's offices.
Do I have to be a first-time buyer?
Generally yes, unless you buy in a targeted county or tract or you're a qualified veteran. Officers get no separate waiver.
What's the price limit?
$500,000 in every county.
