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-Taylor Hill - 615-243-7590

THDA Great Advantage Program

Posted on | October 4, 2008 | 1 Comment

I recently blogged about the THDA Great Start Program which allows you to receive up to 4% grant money to put down on house.  Today I am going to write about the Great Advantage program, which is very similar to the Great Start program with two very important exceptions.

  • 1. You can receive a grant for up to 2% so you will have to have at least 1% of your own money in the down payment transaction and either have money for closing costs and prepaid items or negotiate with the seller for these items and
  • 2. The interest rate is normally .500% less than the Great Start program. You are rewarded with a lower interest rate for having a little of your own money at risk in the deal.

All the other requirements are the same as far as income and price as well as you will be required to attend the First Time Home Buyers Education class.

Category: THDA News
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Comments

One Response to “THDA Great Advantage Program”

  1. interest rates on home loans
    August 26th, 2009 @ 9:45 am

    i love this blog.. thanks for sharing..

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"I was very nervous since this was my first house. Taylor was great! I never had to call him because he kept me informed through the entire process. I don't think I could have had a better experience." - Al K.

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