Down Payment Assistance
Thinking About Buying a Home?
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