First-time home buyers in Tennessee just got some encouraging news.
The Tennessee Housing Development Agency, commonly known as THDA, recently increased the acquisition cost limit for its Great Choice Home Loan program from $400,000 to $500,000. For many buyers in Middle Tennessee, this change could make a meaningful difference when trying to purchase a home in today’s market.
As local real estate professionals, we know how challenging it has become for first-time buyers to find a single-family home under $400,000, especially in Nashville and the surrounding areas. With average home prices across Middle Tennessee often sitting around the $470,000 to $480,000 range, this new limit gives buyers more flexibility and access to a wider range of
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