Big News with THDA’s Down Payment Assistance programs. THDA made a few changes to the Great Choice Loans. The big one is receiving 6% on the sales price towards down payment and closing costs. Since the maximum price in Rutherford County is $375,000, the buyer would receive $22,500, secured by a 2nd mortgage with the same interest rate as the 1st mortgage. The other option is $6,000 loan at 0% interest, deferred payment until the home is refinanced or sold. Find out more here or feel free to call me anytime. I would love to help.
Crystal Ragan, Realtor with Keller Williams