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Reduction in THDA Loan Interest Rates

Effective Monday, November 27, 2017, the interest rate on all THDA Great Choice Mortgage Loan applications will be reduced to 4.25%. Based on this rate, the Homeownership for the Brave Loan Program will be reduced to 3.75%. All loan applications, including electronic submissions, received by THDA on or after November 27, 2017 must be submitted at the new rate.

All Great Choice applications received by THDA prior to November 27, 2017, and outstanding commitments at the rate of 4.625% for Great Choice and 4.125% for Homeownership for the Brave, remain in effect and the respective loan must close at those rates.

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