MHC Trusty10 Program
Funding status: Active
How much assistance
Up to $10,000 (Zero-Interest Loan)
Second mortgage at 2% interest repaid over 15 years with monthly payments.
Eligibility
- Income limits: Income limits vary by county. Contact MHC or a participating lender for current limits.
- First-time buyer required: No
- Geographic restrictions: Must purchase within Mississippi.
- Homebuyer education required: Yes
How to Apply for MHC Trusty10 Program
Step 1: Contact a Mississippi Home Corporation participating lender to apply. Complete an approved homebuyer education course. The lender will process your first mortgage along with the Trusty10 second mortgage.
Notes
Compatible with FHA, VA, USDA, and conventional loans backed by Freddie Mac or Fannie Mae. No asset limits. The 2% interest rate makes this a low-cost option for buyers who need more than $8,000 in assistance.