THDA Homeownership Programs for Existing Homeowners
Great Save (Refinance)
This program is designed for low- and moderate-income borrowers who currently have an adjustable rate mortgage loan on their principal residence that was made after December 31, 2001, and before January 1, 2008, that, as determined by THDA, would be reasonably likely to cause a financial hardship to the borrower if not refinanced (“Qualified Adjustable Rate Mortgage Loan”). More . . .New Multi-Million Dollar Housing Rehabilitation Loan Program for Homeowners in Middle Tennessee and Madison County in West Tennessee - Preserve Loan Mortgage Program (Home Improvement)
This new affordable-cost loan program has been developed by Tennessee Housing Development Agency (THDA) to help low- and moderate-income homeowners make necessary home repairs. The Preserve Loan Program offers a 4% interest rate on home repair loans, and joins a long list of housing programs and services that THDA has offered to Tennesseans since the agency was established 35 years ago. "This new loan program is good news for homeowners in Middle Tennessee and Madison County in West Tennessee who need to fix a roof, replace a heating system, or undertake other major household repairs,” said Ted R. Fellman, Executive Director of THDA. In a difficult economic time for so many low and moderate income homeowners, THDA -- with the support of its financial partners -- is stepping up to offer help. More . . .Foreclosure Prevention Counseling
Are you anticipating a change to your mortgage that will be too expensive for you? Do not ignore the situation, act now. THDA has provided training to many organizations across Tennessee that will provide free and confidential counseling about your options. Please do not delay. Start with the company that made the mortgage with you. Mortgage lenders can offer services to persons who are facing unaffordable payments. More options are available. Contact one of the certified counselors for more information.If you have any questions or need additional information, please contact Ed Lozier by email or at 615-815-2082.