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City of Biloxi HOME Program Homebuyer Assistance

City of Biloxi Community Development Federal Programs Division · Biloxi, Mississippi

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See what you qualify forOfficial program site →
Assistance

$30,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is City of Biloxi HOME Program Homebuyer Assistance?

City of Biloxi HOME Program Homebuyer Assistance is a forgivable loan for homebuyers in Biloxi, Mississippi, administered by City of Biloxi Community Development Federal Programs Division.

  • The City of Biloxi HOME Program Homebuyer Assistance Program provides up to $30,000 to eligible first-time homebuyers purchasing a home within Biloxi city limits. Funded through HUD's HOME Investment Partnerships Program, the assistance is provided as a forgivable loan with a 10-year owner-occupancy requirement. Applicants must have been Biloxi residents for at least one year, meet income eligibility (at or below 80% AMI), complete a homebuyer education course, and obtain lender pre-approval prior to receiving assistance.
  • Up to $30,000 toward home purchase.
  • 0% interest forgivable loan.
  • 10-year affordability/forgiveness period.
  • Homebuyer education through Visions of Hope or Mercy Housing.
  • Funding comes from HUD HOME Investment Partnerships Program.

How much assistance does it provide?

City of Biloxi HOME Program Homebuyer Assistance offers up to $30,000 in assistance.

  • Amounts are the program's published maximums, not an offer — City of Biloxi Community Development Federal Programs Division determines any individual award.

Do you have to pay it back?

City of Biloxi HOME Program Homebuyer Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Must reside in home as primary residence for 10 years; vacancy or failure to maintain primary residency triggers repayment.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Biloxi HOME Program Homebuyer Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: Has not owned a home in the last 3 years
  • The home is occupied as a primary residence
  • On credit: Must be pre-approved from a bank for mortgage financing before assistance can be approved
  • A completed homebuyer education course, through Visions of Hope Inc.; Mercy Housing
  • Residency: Must be a Biloxi resident for at least 1 year prior to application
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. Program PDF on file at biloxi.ms.us/pdf/dpaguidelines.pdf does not carry a publication date; the 2025 Consolidated Plan draft (June 2025) references the program as ongoing. Income limit example in PDF ($43,200 for 4-person) appears to be an older HUD figure; 2024 HUD HOME Low Income limit for the metro area is $60,800 — confirm current limit with administering agency. Lien position, exact forgiveness structure, and max purchase price not confirmed from available documents.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of Biloxi HOME Program Homebuyer Assistance limits household income to 80% of the area median income, which varies by county and household size.

  • Household income must be at or below 80% of Area Median Income (AMI). Example cited in guidelines: household of four must have income less than $43,200 (older figure); 2024 HUD HOME Low Income limit for Gulfport-Biloxi MSA is $60,800 for 4-person household.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Biloxi HOME Program Homebuyer Assistance caps the purchase price as follows: Not specified in program guidelines; must purchase a home in Biloxi.

  • Eligible property types include Single Family.

Where does it apply?

City of Biloxi HOME Program Homebuyer Assistance serves buyers purchasing in Biloxi, Mississippi.

How do you apply?

Applications for City of Biloxi HOME Program Homebuyer Assistance go through City of Biloxi Community Development Federal Programs Division, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Visions of Hope Inc.; Mercy Housing.

  2. Contact City of Biloxi Community Development Federal Programs Division to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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