Housing Assistance for Teachers

In rural Mississippi there exists a critical shortage of qualified teachers. In order to move Mississippi forward, our children must have the benefits of a quality education.

In response to this need, the Mississippi Legislature passed the “Mississippi Critical Teacher Shortage Act of 1998”, which offers attractive incentives for qualified teachers.

The Housing Assistance for Teachers Program (HAT) was designed to assist with funding to help teachers buy homes. Making homeownership easier will certainly encourage teachers to move to these shortage areas.

Eligible Residential Counties

CountySchool District
AdamsNatchez-Adams SD
AlcornCorinth SD
AmiteAmite County SD
AttalaAttala County SD
BentonBenton County SD
BolivarNorth Bolivar Consolidated SD
West Bolivar Consolidated SD
ChickasawOkolona Separated SD
ClaiborneClaiborne County SD
ClayWest Point Consolidated SD
CoahomaClarksdale Municipal SD
Clarksdale Collegiate
Coahoma County SD
Coahoma Agricultural High School
CopiahHazlehurst City SD
CovingtonCovington County SD
HindsJoel E. Smilow Collegiate
Reimagine Prep
Jackson Public SD
Midtown Public Charter School
Smilow Prep
HolmesHolmes Consolidated SD
HumphreysHumphreys County SD
JasperEast Jasper Consolidated SD
JeffersonJefferson County SD
Jefferson DavisJefferson Davis County SD
KemperKemper County SD
LauderdaleLauderdale County SD
Meridian Public SD
LeakeLeake County SD
LefloreLeflore County SD
Greenwood Public SD
MarshallHolly Springs SD
MontgomeryWinona-Montgomery Consolidated SD
NewtonNewton Municipal SD
NoxubeeNoxubee County SD
PanolaNorth Panola SD
Pearl RiverPicayune SD
Pike South Pike SD
McComb SD
QuitmanQuitman County SD
ScottScott County SD
Forest Municipal SD
SharkeySouth Delta SD
SunflowerSunflower County Consolidated SD
TallahatchieEast Tallahatchie SD
West Tallahatchie SD
UnionNew Albany Public Schools
WalthallWalthall County SD
WashingtonWestern Line SD
WilkinsonWilkinson County SD
YalobushaCoffeeville SD
YazooYazoo City Municipal SD


Who is eligible:

  • Applicants who agree to render service as a teacher in the district for three years starting with the beginning of the school year
  • Applicants meeting the credit eligibility requirements

Program Requirements:

  • 25 or 30-year fixed loan rate
  • Fannie Mae conventional products
  • Maximum Loan-to-Value (LTV) - 97%
  • Credit score dependent upon LTV
  • Mortgage Insurance required (depending on LTV)

Features of the HAT Program:

  • Grant assistance is forgiven if the approved licensed teacher satisfies a required executed Loan Agreement. The Loan Agreement requires the applicant to be employed for a period of no less than three (3) years in a school district where a critical shortage of teachers exist. Your participating lender has access to this document.
  • MS Dept. of Education assistance will cover the amount of borrower funds needed to close on a home up to and not to exceed $6,000.
  • MS Dept. of Education assistance can be used to cover required down payment (less borrower’s 1% required contribution), borrower paid closing costs, prepaid expenses, and Private Mortgage Insurance (PMI), if applicable, depending upon the amount of additional down payment paid over the required amount (contact your lender).
  • Homebuyer(s) must provide a minimum down payment from one’s own funds of 1% of the sales price and one month’s reserves.  Reserves requirement may be gifted from a relative, but not the 1% down payment contribution.
  • No income limits unless using with another MHC loan product (see other program guidelines).
  • Residential property must be located within the county where the teacher is employed and is designated by the MS Department of Education as a critical shortage county.
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