What is the Mississippi Home Corporation?
The Mississippi Home Corporation (MHC) is the state housing finance agency for Mississippi. It doesn't lend to you directly. Instead, it works through approved lenders across the state, who offer its home buying programs alongside a regular first mortgage.
How MHC helps buyers
MHC's homeownership help generally falls into these groups. Names and amounts change, so check mshomecorp.com or ask an approved lender for the current lineup.
- Down payment assistance paired with a qualifying FHA, VA, USDA or conventional loan.
- A Mortgage Credit Certificate (MCC), a federal tax credit for part of the mortgage interest you pay each year.
- Homebuyer education, which some programs require and which helps any buyer.
Who may qualify
Programs usually have income limits and purchase price limits that vary by county and household size. Some require that you haven't owned a home in the past three years, with exceptions in certain areas and for veterans. You'll also need to meet the loan's credit and debt rules.
How to use MHC in Hattiesburg
Start with a lender approved to offer MHC programs. They'll check eligibility, include the assistance in your pre-approval, and handle the program paperwork. Then Travis helps you find a home within the price limit and writes an offer that fits the program's timeline.
How Travis helps buyers get ready
Travis DeLoach is a licensed Mississippi real estate agent with Luxury Southern Realty in Hattiesburg. He isn't a lender or credit counselor, but he works with local lenders who handle FHA, VA, USDA and Mississippi Home Corporation loans every week, and he'll connect you with one who fits your situation.
- A free first conversation about your goal, timeline and budget
- Introductions to Pine Belt lenders who know first-time buyer and down payment programs
- A home search kept inside the budget your lender approves
- Help asking sellers for closing cost help when the market allows it
Before you rely on any number
Program rules, income limits and credit minimums change. Confirm current details with a lender, the Mississippi Home Corporation (mshomecorp.com) or HUD (hud.gov) before you rely on them.
Frequently asked questions
Does the Mississippi Home Corporation give loans directly?+
No. MHC programs are offered through approved lenders, who make the first mortgage and add MHC's assistance.
What is a Mortgage Credit Certificate?+
An MCC is a federal tax credit for a portion of the mortgage interest you pay each year, which can lower your tax bill. A tax professional can tell you how it affects your return.
Do I need to take a homebuyer class?+
Some MHC programs require homebuyer education. It's worth doing either way; it covers budgeting, credit and what to expect at closing.
Can I use MHC with an FHA or USDA loan?+
MHC assistance is usually paired with FHA, VA, USDA or conventional loans. Your lender will confirm which combinations are allowed now.
Where do I find an MHC approved lender near Hattiesburg?+
MHC lists approved lenders on its website, and Travis can introduce you to Pine Belt lenders who use its programs often.
Talk it through with Travis
No pressure. Tell Travis your goal and he'll connect you with a local lender who fits your situation.
Related guides
This guide is general information, not lending, credit or tax advice. Travis is not a lender; loan approval and program eligibility are decided by lenders and program administrators. Travis DeLoach is a licensed real estate agent in Mississippi (MS License # S62442) with Luxury Southern Realty.