FHLB Dallas Homebuyer Equity Leverage Partnership (HELP)

What is FHLB Dallas Homebuyer Equity Leverage Partnership (HELP)?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) is a grant for homebuyers in Statewide, Mississippi, administered by Federal Home Loan Bank of Dallas.

• The FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) provides grants of up to $20,000 per Mississippi household for down payment and closing costs for first-time homebuyers at or below 80% AMI. Funds are disbursed through FHLB Dallas member institutions on a first-come, first-served basis. For 2026, $17 million was allocated across five offerings; $573,204 remained as of June 8, 2026.
• $20,000 grant (no repayment).
• No lien.
• 5-year retention agreement.
• First-Come-First-Served.
• Available through FHLB Dallas member banks.
• Funding comes from Federal.

How much assistance does it provide?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) offers up to $20,000 in assistance.

• The program asks buyers to contribute $500 of borrower's own funds toward required down payment or closing costs.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Dallas determines any individual award.

Do you have to pay it back?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) is structured as a grant, so it is not repaid.

• The assistance is recorded in No Lien (Grant) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% of HUD area median income. Varies by county and household size. See FHLB Dallas Median Incomes table.
• The limit applies to total household income, not only the borrower’s.
• 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?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) can be used for Single Family, Condo, and Townhouse.

• New construction is eligible.

Where does it apply?

FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) serves buyers purchasing in Statewide, Mississippi.

How do you apply?

Applications for FHLB Dallas Homebuyer Equity Leverage Partnership (HELP) go through Federal Home Loan Bank of Dallas, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved homebuyer counseling program.

2. 2

   Contact Federal Home Loan Bank of Dallas to reserve funds

   Funds are reserved through First-Come-First-Served, and are subject to availability.

3. 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.