Down payment assistance may be available from MSHDA to help you purchase your home. This program is for low- to moderate-income homebuyers, depending on the home location and your family size. The program includes a homebuyer education class that will give you valuable information as you take that first step toward homeownership.
Available with MSHDA's FHA or Rural Development first mortgages
Funds may be used for down payment, closing costs, prepaid/escrow expenses and a home inspection performed by a qualified home inspector
Zero-interest, non-amortizing loan with no monthly payments
The loan is due upon sale or transfer of the property or if the first mortgage is refinanced or paid in full