This is a loan that must be repaid upon sale, refinance, or other transfer of title. It is not a grant or gift.
Borrowers must contribute at least 1% of the sales price from their own funds to the purchase
Loan includes a variable recording fee
Enrollment:
Interested borrowers should call THF at (615) 780-7000 to enroll in homebuyer education classes and for additional information
Borrower must complete a THF Borrower Application. This can be completed at THF or at the Homebuyer Education Agency.
Lenders should fill out the Request for Loan Approval Form and the Underwriting Guidelines; send the form to THF along with the backup documentation requested; and tell the client to call THF to begin the homebuyer education
The Housing Fund cannot begin underwriting until we have received both a completed Borrower Application and Lender Loan package.
THF will work with the client's closing attorney to fund the loan and funds will be wired at the time of closing
Assistance outside Davidson County: For information regarding ADDI funds outside Davidson County call THDA at (615) 815-2200 or The Housing Fund at (615) 780-7000.