See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated March 27, 2026
Homebuyer Programs in Biloxi, MS (2026)
Biloxi is a Gulf Coast city in southeastern Mississippi known for its beaches, casinos, and military heritage as home to Keesler Air Force Base. With a population of approximately 48,000 and a median home price around $225,000, Biloxi offers a coastal lifestyle at prices well below other Gulf communities. First-time homebuyers in Biloxi have access to one of the strongest city-funded programs in Mississippi — the City of Biloxi Homebuyer Assistance Program provides up to $30,000 in forgivable assistance through HOME funds. On top of that, Mississippi Home Corporation offers statewide programs including Smart6 ($6,000), Easy8 ($8,000), and Trusty10 ($10,000) in down payment help. Nonprofit options include the Grow Homeownership program through the Renaissance Community Loan Fund ($10,000 deferred loan), FHLB Dallas HELP grants of up to $20,000, and Habitat for Humanity of the Mississippi Gulf Coast. With closing costs typically ranging from $4,500 to $7,000, combining the city program with state and nonprofit assistance can cover most or all upfront costs for eligible buyers.
City Programs in Biloxi
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Biloxi Homebuyer Assistance Program | Forgivable Loan | Up to $30,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $30,000
- First-time only:
- Yes
State Programs in Mississippi
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| MHC Easy8 Program | Deferred Loan | Up to $8,000 | Yes | View → |
| MHC Housing Assistance for Teachers (HAT) | Forgivable Loan | Up to $6,000 | No | View → |
| MHC Smart6 Program | Deferred Loan | Up to $6,000 | No | View → |
| MHC Trusty10 Program | Zero-Interest Loan | Up to $10,000 | No | View → |
| Mississippi Mortgage Credit Certificate (MCC) | Grant | Up to $2,000 per year (tax credit) | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Up to $8,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $6,000
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to $6,000
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Up to $10,000
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $2,000 per year (tax credit)
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLB Dallas HELP Program | Grant | Up to $20,000 | Yes | View → |
| Grow Homeownership Mississippi (RCLF) | Deferred Loan | $10,000 | No | View → |
| Habitat for Humanity MS Gulf Coast Homeownership | Zero-Interest Loan | Affordable home with below-market financing | No | View → |
- Type:
- Grant
- Amount:
- Up to $20,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- $10,000
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home with below-market financing
- First-time only:
- No
How to Apply
Step 1: Check your eligibility for Mississippi Home Corporation statewide programs including Smart6, Easy8, Trusty10, and the Housing Assistance for Teachers program at mshomecorp.com
Step 2: Contact the City of Biloxi Community Development Department to learn about the city's $30,000 forgivable homebuyer assistance program and confirm current income limits and residency requirements
Step 3: Complete a homebuyer education course through a HUD-approved counseling agency, which is required for most programs
Step 4: Get pre-approved for mortgage financing from a bank or participating lender, which is required for the Biloxi city program
Step 5: Contact the Renaissance Community Loan Fund at rclfms.com about the Grow Homeownership program ($10,000 deferred loan) and ask about accessing FHLB Dallas HELP grants of up to $20,000
Step 6: If you are interested in a Habitat for Humanity home, contact Habitat for Humanity of the Mississippi Gulf Coast at (228) 678-9100
Step 7: Work with your lender to combine the programs you qualify for and submit your mortgage application with assistance funds applied at closing