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Home4All

Mississippi Home Corporation · Mississippi

Last verified
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

Grant

Not repaid

What is 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.
  • This is a federal program, so it is available beyond a single state or city.
  • Funding comes from HUD HOME Investment Partnerships Program.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

Home4All 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: Cannot have owned or had an interest in a principal residence within the past three years.
  • The home is occupied as a primary residence
  • A completed homebuyer education course, 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.

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?

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.

What kind of home can it be used for?

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.

Where does it apply?

Home4All is a federal program, so it is not limited to Mississippi.

  • The program targets specific areas: Must be in an eligible area as defined by the program.

How do you apply?

Applications for Home4All go through Mississippi Home Corporation, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through HUD-approved housing counseling agencies..

  2. Contact Mississippi Home Corporation 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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