Finance
Tennessee's first-time homebuyer programs through THDA are designed to help:
AAll Tennessee homebuyers regardless of income
BPrimarily low-to-moderate income buyers with below-market rates and down payment assistance✓ Correct
COnly buyers purchasing in rural counties
DOnly veterans and active military personnel
Explanation
THDA programs target low-to-moderate income first-time homebuyers who cannot easily qualify for or afford conventional market-rate financing. Programs include the Great Choice Home Loan (below-market rate) and Great Choice Plus (down payment assistance).
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