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
Frequently Asked Questions
What down payment assistance programs are available in Biloxi?+−
What are the typical closing costs in Biloxi?+−
Do I have to be a first-time homebuyer to get help in Biloxi?+−
How much total assistance can I get in Biloxi?+−
What is the residency requirement for the Biloxi city program?+−
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