Mississippi Bond Programs

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Mississippi Home Corporation

NOLA Lending offers a variety of programs with competitive interest rates and down payment/closing cost assistance to first-time homebuyers¹ or low-to-moderate income homebuyers² for properties located in Mississippi.

Housing Assistance for Teachers (HAT)

The Housing Assistance for Teachers Program (HAT) was designed to assist with funding to help teachers buy homes. Forgivable grant assistance if requirements are satisfied. Applicants who agree to render service as a teacher in the district for three years starting with the beginning of the school year.

Smart6

The Smart6 program offers assistance in the amount of $6,000 for down payment or closing costs. Repayment will be required at sale, refinance, non-owner occupied, or 1st mortgage paid in full.

Easy8

The Easy8 program offers assistance in the amount of $8,000 for down payment or closing costs. Repayment will be required at sale, refinance, non-owner occupied, or 1st mortgage paid in full.

Trusty10

The Trusty10 program offers assistance in the amount of $10,000 for down payment or closing costs with a monthly payment option. Repayment will be required at sale, refinance, non-owner occupied, or 1st mortgage paid in full.

¹Individual program requirements vary. First Time Homebuyer generally means that the borrower has not had an ownership interest (sole or joint) in a residential property during the 3 year period prior to application. ²Income varies per county, family and target area. Homeowner education may be required via an approved HUD counselor/vendor to qualify for specific programs, additional fees may apply.

HELP Grant Program

NEW! HELP Grant Program

The purpose of the Homebuyer Equity Leverage Partnership (HELP) Program is to provide down payment and closing cost assistance for qualified, first-time homebuyers.

Some Requirements Include:

Must be a first-time homebuyer
Household income must not exceed 80% of the area median income (AMI)
Must contribute at least $500
Homebuyer may not receive cash back at closing
Must complete Homebuyer Counseling Course

For more requirements or to see if you qualify contact your NOLA Lending Loan Officer today.

NOTE: As of May 1st, 2024 all HELP Grant funds have been depleted. The program will open again in January 2025 with a new round of funds.

The HELP Grant is offered by Federal Home Loan Bank of Dallas (FHLB) to assist low-income, first-time homebuyers in Louisiana, Arkansas, Mississippi, New Mexico and Texas with down payment and closing cost assistance. Eligible borrowers can receive up to $11,000.00 in assistance on a first-come, first-served basis. HELP funds are available until the funds are exhausted or until December 31st, whichever comes first; new rounds of funds open every January. For greater utilization, FHLB allows Help Grant funds to be combined with LHC products.

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