Mississippi Easy8
Mississippi Home Corporation offers Easy8 to first-time buyers in Mississippi: up to $8,000, as a deferred loan.
- Amount
- As much as $8,000
- Type of support
- Loan with deferred repayment
- Only first-time buyers
- Yes, but there are exceptions
- Course for homebuyers
- Required
In what way is Mississippi Easy8 repaid?
It's a 0% loan with deferred repayment. When you sell, refinance, leave the home or pay your main home loan off, you repay it.
With a deferred loan there's no monthly payment, but the full balance comes due if you sell, refinance or finish paying your first mortgage.
Mississippi Easy8: who is eligible?
- MHC programs have income limits that change from county to county.
- Yes: first-time buyers only, with exceptions.
- Before you buy: a homebuyer education course.
- This help comes paired with a fixed-rate MHC 30-year loan through FHA, VA, Rural Development, or Fannie Mae/Freddie Mac.
Your county and household size set most of the limits. Our HUD income limits tool tells you the median income for your area and where your household falls.
Applying for Mississippi Easy8
- This help is paid out through lenders approved by Mississippi Home Corporation, so you apply through one of them along with your mortgage.
- After comparing your credit, income and the home with the program's rules, the lender sets the money aside for you.
- At closing, the money goes toward your down payment and closing costs.
Check the complete rules and see if applications are open at Mississippi Home Corporation's page for Easy8.
Talk to a lender about Mississippi Easy8
Tell us where you're buying and a lender that works with Mississippi's programs can tell you whether Mississippi Easy8 fits you, and what you could combine with it.
Prefer not to call? Share your details and the lender will get in touch.
More first-time buyer programs in Mississippi
- Mississippi Smart7:
A deferred loan of up to $7,000.
- Mississippi Trusty10:
A repayable loan of up to $10,000.
- Mississippi Housing Assistance for Teachers (HAT):
A forgivable loan of up to $6,000.
- Mississippi Home4All:
A grant of up to $25,000.
Every Mississippi first-time home buyer program · Down payment assistance in each state