Mississippi Housing Assistance for Teachers (HAT)

How is Mississippi Housing Assistance for Teachers (HAT) paid back?

Forgivable loan: forgiven after teaching at least three years in a critical shortage school district.

A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.

Who qualifies for Mississippi Housing Assistance for Teachers (HAT)?

• Only for teachers who work in a critical shortage school district and buy a home in that county.
• No income limit, unless combined with another MHC loan product.
• You don't have to be a first-time buyer.
• It comes with a 25- or 30-year fixed-rate FHA, VA, RD Guaranteed, Fannie Mae or 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 Housing Assistance for Teachers (HAT)

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 Housing Assistance for Teachers (HAT).

Other first-time buyer programs in Mississippi

• Mississippi Smart7: up to $7,000, deferred loan.
• Mississippi Easy8: up to $8,000, deferred loan.
• Mississippi Trusty10: up to $10,000, repayable loan.
• Mississippi Home4All: up to $25,000, grant.

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