If you’re a first time home buyer in Mississippi, you might be able to get help! We found down payment assistance in Mississippi and other programs that could help you get into your first home!
Get more help buying a house with low income here!
Down payment assistance in Mississippi is available!
The USDA direct loan might be a great option if you’re a first time home buyer in Mississippi! The program could help you finance a home without having to worry about down payment assistance in Mississippi because it provides you with 100% financing. You’ll need to meet the credit and income requirements. This loan is available for low income and very low income residents who also meet the other requirements. USDA provides the loan for rural housing so it is not available in all areas of Mississippi.
Mississippi’s Home Corporation provides down payment assistance in Mississippi. You could get help with a down payment grant that could cover your entire down payment. Residents will need to meet the requirements put into place by the MS home corporation department.
You can get help if you’re a first time home buyer in Mississippi!
While the USDA offers the direct home loan program, they also offer the USDA-guaranteed loan. This loan is different in that it does not provide direct funding through the USDA. Instead, it’s backed by the USDA. It is not a 100% financing loan so you might still need to find down payment assistance in Mississippi. The loan is for low and moderate income residents who qualify. You’ll still need to be in a rural area. It also has better terms than most traditional loans.
Residents struggling with safe and affordable housing might be able to get help through the Habitat for Humanity. While you don’t have to be a first time home buyer in Mississippi, you will need to meet other requirements from the Habitat for Humanity. The program requires you to put some work into building a new home. You must also show your need for a new home as well as your ability to afford a new home.
If you are in the beginning stages of purchasing a home, you might want to get some counseling to make sure you’re fully prepared for buying a home. The NFCC offers counseling to help you learn more about homeownership. The program could also prepare you for a home purchase by helping with your credit situation.
Mississippi offers homeownership vouchers to low income individuals who qualify for them. You’ll have to meet the qualifications for the program in addition to being ready to purchase a home. The vouchers could provide you with down payment assistance in Mississippi.
We found help if you’re a military buyer!
The VA-backed home loan might make it easier for you to purchase a home if you’re in the military or you’re a veteran. As a first time home buyer in Mississippi, you might be able to get the loan that could help you get a more affordable mortgage. The loan might also come with easier guidelines for credit and income.
Disability housing grants are available for veterans. If you’re disabled, you might be able to get help with down payment assistance in Mississippi. The assistance can be used for a variety of things and might make it easier for you to fund your home purchase.
We found down payment assistance in Mississippi counties!
There are some counties that might offer down payment assistance and other programs if you’re a first time home buyer in Mississippi. We found resources that might be able to help you make buying your first home possible!
Alcorn County
Are you a first time home buyer in Mississippi looking for a home in Corinth? You might be able to get down payment assistance through the HOME program. The program works to provide you with a grant that you can use for your down payment and your closing costs. You will need to meet income and residency guidelines to get help with the HOME grant.
Forrest County
If you’re in Hattiesburg, you might be able to get down payment assistance in Mississippi. The HOME down payment program could provide you with the funds you need to purchase your first home. Using these funds could make it possible for you to make your down payment. Grants come in different amounts and you might be able to use them to pay for a portion of your down payment or the entire down payment.
Harrison County
Biloxi offers a variety of programs if you’re a first time home buyer in Mississippi. They have programs that could help you with economic independence through their community development division. You might also be able to get help with your home purchase if you’re a veteran or if you’re active duty military. The Biloxi housing vouchers could help you afford to purchase a home if you’re low-income.
Jackson County
Buying a home in Jackson? You might qualify for down payment assistance in Mississippi! Jackson offers down payment assistance programs that could help low and very low income families get help with their home purchase!
