Which loan fits: Great Choice or Freddie Mac HFA Advantage?

Ask a lender

Which loan fits starts with your ownership history and the area, so a THDA-approved lender is the one to compare Great Choice and Freddie Mac HFA Advantage for you.

What this rests on

• A buyer who has not lived in a home they owned in the last 3 years may be a first-time buyer under THDA's rule. Repeat buyers may also be eligible in a targeted county or area, or as qualified military and spouse. THDA lists 43 counties as targeted, and designated areas in additional counties. As of 10-28-2026.
• Income and purchase price limits depend on the county and the size of the household. As of 10-28-2026.

May fit

Great Choice may not fit a repeat buyer outside the routes THDA allows. Freddie Mac HFA Advantage has its own rules for repeat buyers and may be the one to ask about.

What this rests on

• A buyer who has not lived in a home they owned in the last 3 years may be a first-time buyer under THDA's rule. Repeat buyers may also be eligible in a targeted county or area, or as qualified military and spouse. THDA lists 43 counties as targeted, and designated areas in additional counties. As of 10-28-2026.

Ask a lender

Land size can change which of the two loans fits, so a THDA-approved lender is the one to compare them for you.

What this rests on

• Income and purchase price limits depend on the county and the size of the household. As of 10-28-2026.

Limits vary by county and change. Ask a THDA-approved lender. THDA's own limits page.

Ask a lender

Manufactured homes have extra rules under both loans, such as a permanent foundation and proper title, and they differ between the two. Verify with THDA and Freddie guidelines.

What this rests on

• Income and purchase price limits depend on the county and the size of the household. As of 10-28-2026.

Ask a lender

A 2 to 4 unit building has its own rules under each loan, so a THDA-approved lender is the one to compare them.

What this rests on

• Income and purchase price limits depend on the county and the size of the household. As of 10-28-2026.

May fit

Great Choice may fit, and Freddie Mac HFA Advantage may be worth comparing. A THDA-approved lender can put the two side by side for you.

What this rests on

• A buyer who has not lived in a home they owned in the last 3 years may be a first-time buyer under THDA's rule. Repeat buyers may also be eligible in a targeted county or area, or as qualified military and spouse. THDA lists 43 counties as targeted, and designated areas in additional counties. As of 10-28-2026.
• Income and purchase price limits depend on the county and the size of the household. As of 10-28-2026.