Mississippi Home Corporation SmartSolution

Mississippi Home Corporation (MHC)

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Mississippi. Provides up to $8,000 as a forgivable second mortgage that is forgiven after 15 years of occupancy. Must be combined with MHC first mortgage loan.

Forgivable loan amount varies by household income and purchase price

Official source site checked live on 2026-06-17.

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Up to $8,000 forgivable loan for down payment
  • Must be first-time homebuyer or not owned home in 3 years
  • Income limits apply based on county median income
  • Forgiven after 15 years of owner occupancy
  • Must use MHC first mortgage loan

How to Apply

Get free help applying Visit Official Program Page Track this program

(601) 718-4642

A grant-savvy contractor in Oxford, MS can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • Household income proof (recent pay stubs, last year's tax return, or benefit award letters for everyone in the home).
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Ongoing program

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