Grants, forgivable loans, and subsidized mortgages — many Mississippi buyers qualify for $84,000+ in assistance and don't even know it.
Find your programs →Click any program for full details, eligibility, and how to apply.
Up to $6,000 at 0% interest. No monthly payments. Open to first-time AND repeat buyers statewide.
Deferred 0% loanHouse-hack eligibleUp to $6,000 at 0% interest second mortgage. No first-time buyer requirement. Statewide.
Deferred 0% loanHouse-hack eligibleUp to $8,000 at 0% interest. Deferred until sale, refinance, or payoff. First-time buyers.
Deferred 0% loanHouse-hack eligible$10,000 as a 15-year second mortgage at just 2% interest. For first-time buyers statewide.
Low-interest loanHouse-hack eligibleUp to $25,000 grant for first-time buyers. Need-based. Requires HUD-approved homebuyer education.
GrantHouse-hack eligible4% of loan amount as a grant — no repayment, no deed restrictions. True free money.
GrantHouse-hack eligible$14,000 total: $7K forgivable loan + $7K grant. Tunica and Washington counties. Ends April 2026.
Grant + forgivableTax credit of up to 40% of annual mortgage interest, capped at $2,000/year. Highest MCC rate nationally.
Annual tax creditUp to $15,000+ as 0% deferred second mortgage. No monthly payments. For buyers under 80% AMI.
Deferred 0% loan3.5% down payment with 580+ credit. The most popular first-time buyer loan in America.
Subsidized loanHouse-hack eligibleZero down payment, no PMI for eligible veterans and active-duty service members.
Federal benefitHouse-hack eligibleZero down payment for rural and suburban areas. 97% of US land qualifies.
Subsidized loan3% down with reduced mortgage insurance for low-to-moderate income buyers.
Subsidized loanHouse-hack eligible3% down with flexible funding sources including gifts and employer assistance.
Subsidized loanHouse-hack eligibleNo down payment, no closing costs, no PMI, below-market rate. Character-based lending.
Nonprofit programHouse-hack eligible50% off purchase price for teachers, law enforcement, firefighters, and EMTs.
GrantThere are 9 state-specific programs and 7 federal programs available in Mississippi, totaling 16 programs.
Not all programs require first-time buyer status. Several Mississippi programs are available to repeat buyers. 'First-time buyer' means you haven't owned a home in the past 3 years.
Yes. Many DPA programs allow 1-4 unit properties. Live in one unit and rent the others — this is called house-hacking.