Mississippi Smart7
Mississippi Home Corporation offers Smart7 to home buyers in Mississippi: up to $7,000, as a deferred loan.
- Amount
- Up to $7,000
- Kind of help
- Deferred loan
- First-time buyers only
- No
How is Mississippi Smart7 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 Smart7?
- Your household's yearly income must be $132,770 or less.
- You don't have to be a first-time buyer.
- It comes with this first mortgage: MHC 30-year fixed rate first mortgage.
- Price limit: $413,610.
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 Smart7
- Mississippi Home Corporation pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- 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 Smart7.
Ask a lender about Mississippi Smart7
Tell us where you're buying and a lender that works with Mississippi's programs can tell you whether Mississippi Smart7 fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Mississippi
- Mississippi Easy8: up to $8,000, 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