Home4All

Home4All is a grant for homebuyers in Mississippi, administered by Mississippi Home Corporation. Home4All is a HOME Investment Partnerships-funded homebuyer assistance program providing up to $25,000 in down payment and closing cost assistance to low-income buyers. Buyers must work with a HUD-approved housing counseling agency and complete homebuyer education before a loan can be reserved. Up to $25,000 in homebuyer assistance toward down payment and closing costs; subject to an affordability period. Funding comes from HUD HOME Investment Partnerships Program.

Home4All offers up to $25,000 in assistance. Amounts are the program's published maximums, not an offer — Mississippi Home Corporation determines any individual award.

Home4All is structured as a grant, so it is not repaid. Repayment is triggered by Subject to an affordability period; details determined by MHC/HOME requirements. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Home4All is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Cannot have owned or had an interest in a principal residence within the past three years. A homebuyer education course is required, through HUD-approved housing counseling agencies. Citizenship or immigration status: Must be a U.S. citizen. Buyer MUST contact the area housing counseling agency and complete homebuyer education BEFORE any loan can be reserved; a certificate of completion is required. Down payment assistance cannot exceed 50% of the purchase price. Grant amount is based on documented need and is subject to an affordability period. Property must be in an eligible area and meet local housing quality standards / Section 8 Housing Quality Standards. Purchase price limits vary by county.

Home4All limits household income to 80% of the area median income, which varies by county and household size. Household income must be below 80% of area median income, adjusted for family size. 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.

Home4All caps the purchase price as follows: Purchase price limits vary by county (see Home4All acquisition limits). Eligible property types include Single Family, Condominium, Townhome, and Manufactured Home. New construction is eligible. Manufactured homes are eligible.

Home4All serves homebuyers purchasing anywhere in Mississippi. The program targets specific areas: Must be in an eligible area as defined by the program.

Applications for Home4All go through Mississippi Home Corporation, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.