Mississippi Down Payment Assistance
Mississippi Down Payment Assistance Programs
A guide to current down payment assistance options in Mississippi, including the state Housing Finance Agency, well-known city and county programs, and live DPA mortgage pricing for Mississippi homebuyers.
Mississippi Housing Finance Agency
Mississippi Home Corporation (MHC)
MHC administers the primary DPA programs for Mississippi. Program details below are current as of October 17, 2026 - confirm current terms directly with MHC before applying.
Statewide DPA Programs in Mississippi
Smart7
Mississippi Home Corporation
$7,000 at 0% interest as a second mortgage toward down payment and/or closing costs; due at sale, refinance, non-owner occupancy, or payoff of the first mortgage.
Paired with: Conventional, FHA, VA, RD
- First-time homebuyer: Not required
- Primary residence only
- Income: Household income up to $137,870.
Available to first-time and repeat homebuyers. Purchase price up to $413,610. No liquid asset limit. Credit score based on servicer guidelines. Single-family, townhouse, condo, or manufactured home (subject to servicer overlays). Replaced Smart6.
Source: www.mshomecorp.com
Easy8
Mississippi Home Corporation
$8,000 at 0% interest as a second mortgage toward down payment, closing costs, or prepaids; due at sale, refinance, non-owner occupancy, or payoff of the first mortgage.
Paired with: Conventional, FHA, VA, RD
- First-time homebuyer: Required
- Primary residence only
- Income: MHC county income limits apply; vary by household size and target area.
- Homebuyer education required
First-time homebuyer means no ownership interest in a principal residence in the past 3 years; waived in target areas and for veterans. Purchase price limit $382,590 (target areas) / $316,373 (non-target areas).
Source: www.mshomecorp.com
Trusty10
Mississippi Home Corporation
$10,000 second mortgage at 2% interest, repaid over 15 years, toward down payment, closing costs, or prepaids.
Paired with: Conventional, FHA, VA, RD
- First-time homebuyer: Required
- Primary residence only
- Income: MHC county income limits apply; vary by household size and target area.
- Homebuyer education required
First-time homebuyer requirement waived in target areas and for veterans. Purchase price limit $382,590 (target areas) / $316,373 (non-target areas). Trusty10 Plus 2 adds $2,000 for eligible borrowers through a partnership with Mississippi REALTORS.
Source: www.mshomecorp.com
Home4All
Mississippi Home Corporation
Up to $25,000 forgivable grant for down payment and closing costs, based on need and subject to an affordability period. Cannot exceed 50% of the purchase price.
Paired with: Conventional, FHA, VA, RD
- First-time homebuyer: Required
- Primary residence only
- Income: Household income below 80% of area median income, adjusted for family size.
- Homebuyer education required
HOME-funded. No ownership interest in a principal residence in the past 3 years. Must be in an eligible area; county purchase price limits apply. Property must meet housing quality standards. Conventional loans must carry private mortgage insurance.
Source: www.mshomecorp.com
2026 Loan Limits in Mississippi
Conforming (Conventional)
$832,750 baseline
FHA
$541,287
Standard FHA limit, applies to most Mississippi counties.
Live DPA Pricing for Mississippi
Pricing below is sourced live from hundreds of wholesale lenders for a Mississippi scenario. Edit the inputs to match your situation.
FHA Down Payment Assistance
Up to 5% assistance; repayable second at first rate + 2% over 10 years
▸Program details
- ✓Minimum credit score: 580
- ✓Non-traditional credit also possible
- ✓Assistance up to 2.5%, 3.5%, or 5% of the lesser of purchase price or appraised value
- ✓Assistance can be used for down payment, closing costs, or both
- ✓Second lien: 10-year fixed, repayable
- ✓Second lien rate is 2% higher than the first mortgage rate
- ✓No first-time homebuyer requirement
- ✓No income cap
- ✓Purchase of primary residence only
- ✓Eligible properties: 1-unit residences, PUD, 2-4 units, FHA-approved condos, manufactured (single/double-wide)
- ✓DTI per AUS and FHA manual underwriting guidelines
- ✓First lien: FHA 30-year fixed
Assistance amount
Compare DPA options for Mississippi with live pricing
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