Grow Homeownership Mississippi (RCLF)
Funding status: Active
How much assistance
$10,000 (Deferred Loan)
Deferred for the life of ownership. The loan is due upon sale, refinance of the first mortgage, or when the borrower no longer occupies the home as primary residence.
Eligibility
- Income limits: Household income at or below 80% AMI, or 81-100% AMI if the household is African American or the property is in a qualified census tract.
- First-time buyer required: No
- Geographic restrictions: Covers Hinds County, Forrest County, Harrison County, and Lee County, MS.
- Homebuyer education required: No
How to Apply for Grow Homeownership Mississippi (RCLF)
Step 1: Must first receive mortgage pre-approval from Renaissance Community Loan Fund or Gum Tree Mortgage. Contact RCLF to begin the application process.
Notes
RCLF is a CDFI (Community Development Financial Institution). Funds secured as a subordinate lien on the home. Home must be primary residence and owner-occupied for the life of ownership.