{"id":6246,"date":"2011-05-04T05:00:51","date_gmt":"2011-05-04T10:00:51","guid":{"rendered":"http:\/\/www.discoverclarksville.com\/articles\/?p=6246"},"modified":"2011-05-04T00:40:13","modified_gmt":"2011-05-04T05:40:13","slug":"thda-announces-special-rate-for-veterans","status":"publish","type":"post","link":"https:\/\/www.discoverclarksville.com\/articles\/2011\/05\/04\/thda-announces-special-rate-for-veterans\/","title":{"rendered":"THDA Announces Special Rate for Veterans"},"content":{"rendered":"

\"PlantersClarksville, TN<\/strong> – A special mortgage interest rate discount has been approved for active and retired members of the military by Tennessee Housing Development Agency\u2019s Board of Directors.<\/p>\n

Service members can apply for the \u201cHomeownership for the Brave\u201d discount which is a \u00bd-percent interest reduction on any of the three mortgage choices at lenders working with THDA. THDA offers 30-year fixed rate mortgages, with or without downpayment assistance, for persons of low to moderate income. The program began April 1st and is available through March 31st, 2012.<\/p>\n

\u201cWe recognize that many service members were deployed in 2010 while other Americans had access to the federal First-Time Homebuyer Tax Credit,\u201d said Lindsay Pully, director of THDA\u2019s Single Family Programs division. \u201cThat program is closed, but this is an extra incentive if they are ready for homeownership in Tennessee.\u201d<\/p>\n

For the purpose of the Homeownership for the Brave Program, the definition of veteran is: All members of the military including retired and reservists (at least 180 days), i.e. active duty, National Guard, spouses, and surviving spouses. If discharged or released, was done so under conditions other than dishonorable.<\/p>\n

\u201cThe \u2018Homeownership for the Brave\u2019 is a great program to allow our active and retired military access to 2%-4% in THDA grant funds for down payment assistance or the payment of closing costs, and can be coupled with the benefits of a traditional VA loan,\u201d explains Angie Smith, Planters Bank assistant vice president\/mortgage lending. \u201cTHDA grant funds, accompanied by a 0.50% discount in interest rate, are a great beginning on the road to home ownership for our local heroes.\u201d<\/p>\n

Generally THDA\u2019s targeted audience is first-time buyers or those who have not had ownership in a primary residence in the last three years. Veterans have a waiver for the first-time buyer requirement. Sales and income limits vary by county. The Homeownership for the Brave option is available across Tennessee, as are all THDA\u2019s mortgage programs.<\/p>\n

The three mortgage choices are Great Rate, Great Advantage and Great Start. Great Advantage and Great Start mortgages offer 2 or 4% downpayment assistance grants at slightly higher interest rates. The mortgage loan must be an FHA, VA, USDA, or a 78% or below Conventional. The discounted rate is for the full term of the loan. Full details on the mortgage program are found on THDA\u2019s website: www.thda.org<\/a>.<\/p>\n

For more information or assistance with the new THDA program, contact Angie Smith at Planters Bank at 931-648-7176 or email asmith@plantersbankonline.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Clarksville, TN – A special mortgage interest rate discount has been approved for active and retired members of the military by Tennessee Housing Development Agency\u2019s Board of Directors. Service members can apply for the \u201cHomeownership for the Brave\u201d discount which is a \u00bd-percent interest reduction on any of the three mortgage choices at lenders working […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[5],"tags":[7984,7985,7986,7987,2713,1711,7988,7989,7990,7991,7992,1547],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4xGYI-1CK","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/6246"}],"collection":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/comments?post=6246"}],"version-history":[{"count":1,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/6246\/revisions"}],"predecessor-version":[{"id":6247,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/posts\/6246\/revisions\/6247"}],"wp:attachment":[{"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/media?parent=6246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/categories?post=6246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.discoverclarksville.com\/articles\/wp-json\/wp\/v2\/tags?post=6246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}