Great Save Program to Assist Homeowners with Adjustable-Rate Mortgages

As was discussed at our regional meetings, the Tennessee Housing Development Agency is now offering assistance to homeowners who are struggling with adjustable rate mortgage loans. As of October 1, THDA began administering "Great Save," a refinance program for certain homeowners who have ARM loans. The Great Save program provides a below market fixed rate mortgage to qualified homeowners. For information about this program and the other services offered by THDA, visit www.thda.org. More information about this program will be shared at the TCSA conference in Memphis.