Home Loan Plus Program

The Mississippi Development Authority(MDA), Community Services Division will provide Mississippi Home Corporation (MHC) HOME funds to provide grants to qualified low income individuals to purchase homes.

Important Facts

  • Property must meet local housing quality standards in areas with local building codes or written clearance from either a licensed Home Inspector or US HUD approved appraiser, that the property meets Section 8 Housing Quality Standards.
  • May be used with FHA, VA, USDA-RHS, Rural Development Direct or Guaranteed loans, Habitat for Humanity loans and approved Fannie Mae or Freddie Mac 30-year conventional loans with Private Mortgage Insurance.
  • The City of Jackson, City of Hattiesburg and a consortium that includes the City of Gulfport, City of Biloxi and unincorporated areas of Harrison County are not eligible to use Home Loan Plus.
  • Can be used if constructing a new home.
  • May be used with the following MHC programs: Mortgage Revenue Bond with no cash advance (MRB), Mortgage Credit Certificate (MCC)
  • No Reservation Fee to participate