Wondering if you can use a THDA loan to buy in Thompson’s Station? You are not alone. Many buyers want the low, fixed payment and down payment help these programs offer, but they are unsure how it works in Williamson County. In this guide, you will learn what THDA is, who qualifies locally, and how to check a specific home. Let’s dive in.
Quick answer for Thompson’s Station
Yes, you can use THDA programs in Thompson’s Station because the town sits in Williamson County, a THDA-served county. Program eligibility is based on the county where the property is located, your household income, purchase price, credit, and loan underwriting. Thompson’s Station is in ZIP 37179 within Williamson County, which confirms the county rules apply here. You can review THDA’s program family on the Great Choice pages for a full overview.
- Thompson’s Station location reference: Thompson’s Station, TN
- Program overview: THDA Great Choice Home Loan
- Local context on recent limit changes: Williamson County income-limit coverage
How THDA works
THDA’s primary option is the Great Choice Home Loan, a 30-year fixed mortgage delivered through approved lenders. It can pair with FHA, VA, USDA, or certain conventional products, and standard underwriting for those products still applies. You apply through a THDA-approved lender that handles the approval and closing process. Learn more on the Great Choice program page.
Great Choice Plus down payment help
If you qualify for Great Choice, you may also be eligible for Great Choice Plus down payment assistance. This typically comes as either a forgivable second loan or an amortizing second. Exact options and amounts change over time, so you should confirm current details with a THDA-approved lender.
Homeownership for Heroes
Qualified service members and first responders may receive an interest-rate benefit through THDA’s Homeownership for Heroes. Down payment assistance may be paired with this option when available. See details on Homeownership for Heroes.
Who qualifies in Williamson County
THDA eligibility is county-based and changes periodically. In Williamson County, the main factors are:
- Income limits and purchase price caps set by THDA at the county level. See eligibility rules in THDA’s requirements overview.
- Credit and underwriting. THDA guidance commonly references a minimum credit score for many products, and FHA/VA/USDA/conventional rules still apply. Review the THDA FAQ and confirm current lender minimums.
- Homebuyer education. To receive down payment assistance, you must complete a THDA-approved homebuyer education class. Details are in the THDA FAQ.
- First-time buyer rule. THDA generally requires you to be a first-time buyer, defined as no ownership in the past 3 years, unless your property is in a targeted area. See targeted-area notes in THDA’s eligibility overview.
Thompson’s Station price reality
Williamson County is one of the higher-priced markets in Tennessee. That means THDA’s purchase-price cap can be the binding limit for many homes here. You will likely find the best fit among lower-priced listings, some townhomes or attached homes, select entry-level new construction, or by expanding your search to nearby areas where prices align with THDA caps. Always match a specific home’s price to the current county cap before you tour.
Shop smart with a plan
- Get preapproved with a THDA-approved lender early to verify your income, credit, and county limits.
- Focus your home search on list prices that fall under THDA’s current purchase-price cap for Williamson County.
- Ask builders about product lines priced for workforce buyers that may be structured to meet program caps.
- If it fits your plans, consider nearby areas where prices may align more easily with program limits.
- Compare USDA if the address is eligible, since parts of Williamson County may qualify. Use the official USDA property eligibility map to check an address.
Step-by-step checklist
- Confirm the property is in Williamson County (Thompson’s Station, ZIP 37179).
- Review THDA county income and purchase-price limits and their effective date. Confirm with a THDA-approved lender.
- If you need down payment assistance, complete a THDA-approved homebuyer education class before closing.
- Work with a THDA-approved lender to verify program availability, rates, and whether a specific property fits program rules. Start with THDA’s Find a Lender.
- If USDA might work, check the address on the USDA eligibility map and compare terms to THDA.
Property types and loan limits
THDA works with multiple loan types. Condo, manufactured, and new construction eligibility must meet both THDA and the relevant insurer’s rules. You can review program scope on the Great Choice overview. Also remember that FHA, VA, USDA, or conventional loan limits and rules apply in addition to THDA’s caps, so confirm the property and loan amount fit all layers with your lender.
Work with a local guide
If you want to use THDA in Thompson’s Station, the key is aligning your search with the current county caps and your financing plan. A local, program-savvy team can help you target the right price points, compare options like USDA where eligible, and move fast when the right home hits the market. If you are ready to explore, we would love to help. Reach out to The Luxe Collective TN to start a tailored plan for your move.
FAQs
Can you use a THDA loan in Thompson’s Station?
- Yes. Thompson’s Station is in Williamson County, and THDA programs apply county by county. Eligibility depends on income limits, purchase-price caps, credit, and underwriting. See the Great Choice overview.
What credit score and education do you need for THDA?
- THDA guidance commonly references a minimum credit score for many products, and you must complete approved homebuyer education to receive down payment assistance. Confirm current requirements in the THDA FAQ.
Can repeat buyers use THDA in Williamson County?
- Possibly. THDA’s first-time buyer rule can be waived in targeted areas. Check the targeted-area details in THDA’s eligibility overview.
How does THDA down payment assistance work?
- Great Choice Plus typically offers either a forgivable second loan or an amortizing second. Amounts and terms can change, so confirm current options with a THDA-approved lender and review the program overview.
Is USDA a good alternative around Thompson’s Station?
- It can be for some addresses. Use the official USDA property eligibility map to verify an address, then compare the terms and payment to your THDA option with your lender.
