Mississippi · Low-interest loan

MHC Trusty10 (Mississippi)

$10,000

$10,000 as a 15-year second mortgage at just 2% interest. For first-time buyers statewide.

Trusty10 provides 10% of the loan amount in DPA — the highest percentage in Mississippi's tiered DPA system. On a $150,000 home, that's $15,000 in assistance, covering a 10% down payment or a 3.5% FHA down payment with over $9,000 remaining for closing costs and reserves.

This level of assistance effectively enables zero out-of-pocket homeownership in Mississippi. The trade-off is a slightly higher first mortgage rate compared to Smart6 or Smart7, but for buyers with minimal savings, Trusty10 removes the biggest barrier to becoming a homeowner.

Amount$10,000

TypeLow-interest loan

Available inMississippi

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units