Bootcamp For Buyers

First Time Homebuyer Programs in Mississippi

Mississippi provides a variety of first-time homebuyer programs through the Mississippi Home Corporation (MHC). These programs offer financial assistance and competitive loan options to make homeownership more attainable.

Smart Solution Program

The Smart Solution Program offers affordable fixed-rate mortgages with down payment assistance.

  • Provides up to 3.5% of the home’s purchase price in assistance.
  • Assistance is structured as a forgivable loan after 10 years.
  • Available for FHA, VA, USDA, and conventional loans.

Mortgage Revenue Bond (MRB) Program

The MRB Program provides low-interest loans for first-time buyers with flexible terms.

  • Features 30-year fixed-rate mortgages with below-market interest rates.
  • Income and purchase price limits apply based on household size and location.
  • Must complete a homebuyer education course.

Home Buyer Advantage Program

The Home Buyer Advantage Program offers additional assistance for eligible buyers.

  • Provides funds for down payment and closing costs.
  • Designed to reduce upfront costs for low- to moderate-income households.
  • Can be combined with other MHC loan products.

Mississippi’s first-time homebuyer programs provide the financial tools and resources needed to make homeownership more affordable. Explore these options to find the perfect fit for your needs and take the first step toward owning your dream home in the Magnolia State.