Mississippi Easy8

How is Mississippi Easy8 paid back?

Deferred loan: 0% loan. You repay it when you sell, refinance, move out or pay off your main home loan.

A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.

Who qualifies for Mississippi Easy8?

• Income limits apply and vary by county for MHC programs.
• First-time buyers only: yes, with exceptions.
• A homebuyer education course before you buy.
• It comes with an MHC 30-year fixed-rate FHA, VA, Rural Development, or Fannie Mae/Freddie Mac loan.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for Mississippi Easy8

1. Mississippi Home Corporation pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Mississippi Home Corporation's page for Easy8.

Other first-time buyer programs in Mississippi

• Mississippi Smart7: up to $7,000, deferred loan.
• Mississippi Trusty10: up to $10,000, repayable loan.
• Mississippi Housing Assistance for Teachers (HAT): up to $6,000, forgivable loan.
• Mississippi Home4All: up to $25,000, grant.

All Mississippi first-time home buyer programs · Down payment assistance in every state