UP TO $15,000 Down Payment Assistance Available

If you qualify for a Great Choice Home Loan, you can also apply for down payment assistance in the form of a Great Choice Plus second loan to help with your down payment and/or closing costs. There are two options for down payment assistance.

Deferred Option (No Payments)

• Down payment assistance is $6,000 in the form of a forgivable second mortgage loan.
• 0% interest rate
• Loan is forgiven at the end of 30-year term. If the home is sold or refinanced prior to 30-year term, the loan is due in full.

Amortizing Option (Payment)

• Down payment assistance is up to 5% of the sales price with a maximum assistance amount of $15,000.
• 30-Year term amortizing
• Interest rate is the same as the first mortgage.

Homebuyer Education

To qualify for down payment assistance, you must complete a pre-purchase Homebuyer Education course from a THDA-approved instructor. You can take this course online or in a classroom style (virtual/in-person) with other homebuyers like yourself.

To learn more or to enroll in one of these courses contact one of the trusted Real Estate agent in Tennessee, Aj Bhattarai at 443-301-8007 or send us your inquiry at contact@dream27homes.com.

Thank You.