City of Jackson · Deferred 0% loan

Jackson DPA (Mississippi)

$15,000

Up to $15,000+ as 0% deferred second mortgage. No monthly payments. For buyers under 80% AMI.

The City of Jackson provides up to $15,000 in DPA for buyers purchasing within city limits. Jackson's housing market is among the most affordable in the country, with median home prices around $120,000 — meaning $15,000 can cover more than 12% of a typical purchase.

The city-level DPA can potentially be stacked with MHC's state programs, creating a combined package that could approach or exceed $30,000. For buyers in Jackson, this level of assistance means homeownership is accessible even with minimal savings.

Amount$15,000
TypeDeferred 0% loan
Available inMississippi
First-time buyer requiredYes
Minimum credit score640
Multi-unit eligibleSingle-family only

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down
Federal · Subsidized loan
VA Loan $0 down + no monthly mortgage insurance
Federal · Federal benefit
NACA Program $0 down + $0 closing + $0 PMI + below-market rate
National · Nonprofit program
MHC Smart6 (Mississippi) $6,000
Mississippi · Deferred 0% loan
MHC Smart7 (Mississippi) $6,000
Mississippi · Deferred 0% loan
MHC Easy8 (Mississippi) $8,000
Mississippi · Deferred 0% loan
All Mississippi programs →

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