FIRST-TIME HOMEBUYERS
For first-time homebuyers, one of the greatest obstacles in the home-ownership process is saving the money to cover the down-payment and closing costs. The Great Choice Loan Program provides qualified Tennesseans up to 4% down-payment assistance to be used with FHA, VA, USDA-Rural Development and uninsured conventional loans.

SPECIAL OFFER FOR REPEAT HOME-BUYERS

THDA mortgage products were designed for first-time homebuyers. However, in over 50 counties and certain neighborhoods across Tennessee, the first-time homebuyer restriction has been removed, and families that are currently homeowners may qualify for the Great Choice Loan Program if purchasing a new home in one of these areas.

GREAT CHOICE SPECIAL MILITARY DISCOUNT PROGRAM
“Homeownership for the Brave,” provides a ½% rate reduction on the current interest rate for Great Choice loans. In addition to the rate reduction, "Home-ownership for the Brave" applicants are eligible for optional down-payment and closing cost assistance through the Great Choice Plus second mortgage loan at a 0% interest rate.

A HUD APPROVED, HOME OWNERSHIP CENTER AFFILIATED WITH:
Tennessee Housing Development Agency & HOME FREE USA
www.LifeofVictoryMinistries.com

Brendal.lifeofvictory@comcast.net

615 213-1468
Life of Victory Ministries serves Middle Tennessee
Located in industrial park just off Waldron Road
144 Bain Drive, Suite 200, La Vergne, TN 37086.

The Tennessee Housing Development Agency (THDA) encourages the following action steps depending on your level of familiarity with the homebuying process:

1- Homebuyer Education Course: For those just starting out on the homeownership journey, THDA recommends you take a homebuyer education course. For THDA loans providing downpayment assistance, homebuyer education is a requirement, and courses are offered in two formats - classroom style and online. Both formats are offered by Life of Victory International Christian Ministries and cover the following:

• Steps to homeownership
• Clarify common, but confusing, mortgage concepts like title insurance and PMI
• Outline various mortgage types, including THDA’s Great Choice Loan Program
• Develop an understanding of budgeting and credit scores
• Connect you with a trainer who can act as a resource throughout the homeownership process