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City of Vicksburg Down Payment Assistance for First Time Homebuyers

City of Vicksburg Housing Office · Vicksburg, Mississippi

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See what you qualify forOfficial program site →
Assistance

$25,000

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 5 years

What is City of Vicksburg Down Payment Assistance for First Time Homebuyers?

City of Vicksburg Down Payment Assistance for First Time Homebuyers is down payment assistance for homebuyers in Vicksburg, Mississippi, administered by City of Vicksburg Housing Office.

  • The City of Vicksburg Housing Office administers down payment assistance for first-time homebuyers with low to moderate incomes by facilitating access to multiple programs. These include the Mississippi Home Corporation Smart Solutions Premium (4% of loan amount grant with no repayment or deed restrictions), Home Loan Plus ($25,000 forgiven over 5 years with deed restriction), and the Federal Home Loan Bank of Dallas Affordable Housing Program (up to $7,500). The Housing Office provides comprehensive counseling services including credit counseling, financial preparation, and homebuyer education workshops.
  • Multiple DPA products: up to $25,000 Home Loan Plus (5-yr forgivable).
  • 4% Smart Solutions Premium grant with no repayment.
  • Up to $7,500 FHLB AHP grant.
  • 8-hour homebuyer education.
  • Individual financial and credit counseling.
  • Annual Housing Education Fair.
  • Funding comes from Mississippi Home Corporation (MHC); Federal Home Loan Bank of Dallas Affordable Housing Program.

How much assistance does it provide?

City of Vicksburg Down Payment Assistance for First Time Homebuyers offers up to $25,000 in assistance.

  • Award tiers: Smart Solutions Premium: 4% of loan amount grant, no repayment, no deed restrictions. Home Loan Plus: up to $25,000 forgivable over 5 years with deed restriction. FHLB Affordable Housing Program: up to $7,500 in down payment and closing cost assistance.
  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — City of Vicksburg Housing Office determines any individual award.

Do you have to pay it back?

City of Vicksburg Down Payment Assistance for First Time Homebuyers is forgiven after 5 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Home Loan Plus has a 5-year deed restriction and is forgiven after 5 years. Smart Solutions Premium grant has no repayment and no deed restrictions. FHLB AHP grant has a 5-year deed restriction.
  • 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 Vicksburg Down Payment Assistance for First Time Homebuyers is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Acceptable credit score required; specific minimum not published
  • A completed homebuyer education course, through City of Vicksburg Housing Office sponsors 8-hour homebuyer education class; Housing Education Fair held annually
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. The City of Vicksburg Housing Office primarily facilitates access to MHC and FHLB programs rather than funding its own city-sourced DPA; confirm whether the city also provides direct city-funded assistance. Smart Solutions Premium and Home Loan Plus are MHC products; FHLB AHP grant amounts subject to annual allocation change. Carolyn Harrison is listed as Housing Director at (601) 634-4528. Website is live and confirmed active. City-specific income limit used from 2024 HUD HOME limits for Warren County.

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 Vicksburg Down Payment Assistance for First Time Homebuyers limits household income to 80% of the area median income, which varies by county and household size.

  • First-time homebuyers with low to moderate income not to exceed Area Median Income. 2024 HUD HOME Low Income limit for Warren County, MS is $58,300 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 Vicksburg Down Payment Assistance for First Time Homebuyers caps the purchase price as follows: Not specified; contact housing office.

  • Eligible property types include Single Family.

Where does it apply?

City of Vicksburg Down Payment Assistance for First Time Homebuyers serves buyers purchasing in Vicksburg, Mississippi.

How do you apply?

Applications for City of Vicksburg Down Payment Assistance for First Time Homebuyers go through City of Vicksburg Housing Office, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through City of Vicksburg Housing Office sponsors 8-hour homebuyer education class; Housing Education Fair held annually.

  2. Contact City of Vicksburg Housing Office 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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