Homeownership for Heroes
Homeownership for Heroes for Tennessee EMTs and paramedics
EMTs and paramedics working in Tennessee qualify for THDA Homeownership for Heroes: 0.5% off the Great Choice rate plus a choice of down payment help.
Who qualifies
EMTs and paramedics currently employed in Tennessee qualify. Have your EMT or paramedic license or certification ready along with proof of current Tennessee employment.
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.
Low cash to close
With a VA or USDA loan you can finance up to 100% of the price; FHA goes up to 96.5%. Pair that with a Heroes Plus option and closing cash can drop a lot. Lender fees on the first mortgage are capped at $1,800, and the down payment loan settlement fee is up to $200.
Education first
Every borrower must finish homebuyer education. If shifts make a class hard, the eHomeAmerica online course plus a one-hour one-on-one session counts.
Documents to have ready
- Your EMT or paramedic license or certification
- Proof of current employment in Tennessee
- Pay stubs and tax returns
- Homebuyer education certificate
Common questions
Do private ambulance EMTs qualify?
THDA's rule names EMTs and paramedics currently employed in Tennessee without limiting it to public employers. Your lender confirms your situation.
How much lower is the rate?
0.5% below THDA's Great Choice rate on the day you lock.
Can I buy a duplex?
Yes, 1-4 unit homes are allowed if you live in one unit.
