On March 20, the Tennessee Housing Development Agency (THDA) unveiled a new program offering down payment/closing cost assistance to first-time buyers qualifying for the federal tax credit. The program uses a second mortgage loan to assist a first-time buyer with down payment and/or closing costs with principal and interest deferred until July 1, 2010, by which time it is assumed that the buyer will have received funds through the first-time buyer tax
credit. THDA plans to begin accepting applications for this new program on April 1. To find out more go to www.THDA.org
Posts Tagged ‘First Time Home Buyers’
Get down payment & closing cost assistance!
Wednesday, April 1st, 2009Tags: Add new tag, Buying a Home, closeing cost assistance, down payment assistance, First Time Home Buyers, real estate, THDA
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