Homebuyer Programs in Jackson, MS (2026)
Jackson is the capital and most populous city in Mississippi, situated along the Pearl River in Hinds County. With a median home price around $130,000, Jackson offers some of the most affordable homeownership opportunities in the Southeast. Buyers here can access significant assistance through programs like the City of Jackson Homebuyer Assistance Program offering up to $15,000 in forgivable loans, the 100 Homes Program providing $25,000 in down payment grants, and the Grow Homeownership Mississippi program from Renaissance Community Loan Fund offering $10,000 in deferred assistance. State programs from the Mississippi Home Corporation add another $6,000 to $10,000 in potential assistance through the Smart6, Easy8, and Trusty10 programs. By stacking city, nonprofit, and state programs, eligible Jackson buyers could receive $35,000 or more in combined down payment and closing cost assistance.
Top Homebuyer Programs in Jackson
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Jackson 100 Homes Program | Grant | $25,000 | No | View → |
| City of Jackson Homebuyer Assistance Program | Forgivable Loan | Up to $15,000 or more | No | View → |
| 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 → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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 → |
| Grow Homeownership Mississippi (RCLF) | Deferred Loan | $10,000 | No | View → |
| Habitat for Humanity Mississippi Capital Area Homeownership | Zero-Interest Loan | Affordable home with 0% interest mortgage | No | View → |
| 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:
- Grant
- Amount:
- $25,000
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 or more
- First-time only:
- No
- 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:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- 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
- Type:
- Deferred Loan
- Amount:
- $10,000
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home with 0% interest mortgage
- First-time only:
- No
- 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
How to Apply
- Step 1:
Check your eligibility. Most Jackson programs require household income at or below 80% of the Area Median Income (AMI), though the 100 Homes Program allows up to 120% AMI. State programs through Mississippi Home Corporation have income limits up to $122,000 depending on the program.
- Step 2:
Complete homebuyer education. The City of Jackson requires an approved 8-hour homebuyer education course. Contact Mississippi Housing Partnership at 601-969-1895 or Voice of Calvary Ministries at 601-969-3088 to enroll in a local course.
- Step 3:
Contact a local housing partner. Reach out to the City of Jackson Office of Housing and Community Development at 601-960-2155 to learn about the Homebuyer Assistance Program and 100 Homes Program. For the Grow Homeownership Mississippi program, contact Renaissance Community Loan Fund directly.
- Step 4:
Get pre-approved for a mortgage. Work with a Mississippi Home Corporation participating lender to get pre-approved and determine which state DPA programs you qualify for. For the RCLF program, you must get pre-approved through Renaissance Community Loan Fund or Gum Tree Mortgage.
- Step 5:
Find a home within program limits. The City of Jackson Homebuyer Assistance Program caps the purchase price at $156,000, while the 100 Homes Program has a fixed price of $178,000. State programs allow up to $275,000 or more in targeted areas.
- Step 6:
Submit your application and close. Work with your lender and housing counselor to submit applications for each program you qualify for. The City of Jackson programs require the home to be within Jackson city limits and used as your primary residence.