Mississippi · Deferred 0% loan

MHC Smart6 (Mississippi)

$6,000

Up to $6,000 at 0% interest. No monthly payments. Open to first-time AND repeat buyers statewide.

Mississippi Home Corporation's Smart6 program provides 6% of the loan amount in DPA. On a $150,000 home, that's $9,000 — covering the full FHA down payment plus closing costs in Mississippi's affordable market.

The program pairs with MHC's competitive first mortgage rates. Mississippi has some of the lowest home prices in the nation, and 6% DPA in this market can effectively eliminate all out-of-pocket costs for qualifying buyers.

Amount$6,000
TypeDeferred 0% loan
Available inMississippi
First-time buyer requiredNo
Minimum credit score640
Multi-unit eligibleYes — 1-4 units

House-hack eligible

Repeat buyers welcome. Pairs with conventional 97%, FHA, VA, USDA. Duplexes eligible.

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 Smart7 (Mississippi) $6,000
Mississippi · Deferred 0% loan
MHC Easy8 (Mississippi) $8,000
Mississippi · Deferred 0% loan
MHC Trusty10 (Mississippi) $10,000
Mississippi · Low-interest loan
All Mississippi programs →

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