Loan limitations

Tenn. Code Ann. § 13-23-305, under Homebuyers' Revolving Loan Fund Pool.

Tenn. Code Ann. § 13-23-305

(a) The amount of any loan to any borrower made by the loan fund pool created by this part shall not exceed sixty-five percent (65%) of the total loan amount, plus any permissible closing costs eligible for financing.

(b) Loan agreements for repayment under this part shall not exceed thirty (30) years.