What is MSHDA?

How MSHDA Down Payment Assistance Program Works

• Up to $10,000 in assistance applied toward your down payment.
• Available to first-time and repeat homebuyers (depending on location).
• Works with Conventional, FHA, VA, and Rural Development loans.
• Fixed-rate, 30-year mortgage terms for predictable home financing.
• Down payment assistance funds are limited—don’t miss your opportunity!

Who Qualifies?

To be eligible for MSHDA Down Payment Assistance, you must meet the following criteria:

• Credit Score: Minimum 640 (660 for manufactured homes).
• Income Limits: Varies by location and family size.
• Eligible Properties: Single-family homes, condos, or multiple-section manufactured homes.
• Maximum Acreage: 2 acres (exceptions up to 5 acres may apply).
• Homebuyer Education Class: Required to receive assistance.
• Available Statewide: For first-time homebuyers and repeat buyers in designated areas.

Income Limits and Home Purchase Price adjust annually.