DPA 14
The Mississippi Home Corporation in conjunction with the Board of Supervisors from Coahoma, Tunica, and Washington counties are able to assist borrowers with homeownership by offering a competitive mortgage rate through the proceeds of the sale of Mortgage Revenue Bonds. Total assistance of $14,000 to borrowers with upfront costs associated with their mortgage purchase. This program will end April 30, 2026.
PROGRAM BENEFITS
- 30-year fixed rate mortgage
- FHA insured, VA Rural Development, & Fannie Mae/Freddie Mac Loans
- $7,000 deferred 10-year second with 0% interest (forgivable after 10 years)
- $7,000 grant from Board of Supervisors
ELIGIBILITY & REQUIREMENTS
- Must be within the income guidelines
- Property must be owner-occupied
- Property must be principal residence
- Acquisition Limit - $332,000
- Must meet eligibility requirements
PROGRAM FLYERS
INCOME LIMITS
*5 or more persons in the household cannot exceed the MRB7 income limit amount.