Trusty 10 Plus 2

Trusty 10 Plus 2 is a grant for homebuyers in Statewide, Mississippi, administered by Mississippi Home Corporation (MHC). Trusty 10 Plus 2 is an enhancement of MHC's Trusty10 program created through a 2026 partnership between Mississippi REALTORS (centennial year) and Mississippi Home Corporation. It provides an additional $2,000 grant to a limited number of eligible Mississippi homebuyers, supplementing Trusty10's existing $10,000 second-mortgage down payment and closing-cost assistance for a combined $12,000 in assistance while funds last. Additional $2,000 grant (not repaid) on top of Trusty10's $10,000 second mortgage. $12,000 total down payment/closing-cost assistance. Pairs with an MHC 30-year fixed first mortgage. Funding comes from Mississippi REALTORS centennial grant to Mississippi Home Corporation.

Trusty 10 Plus 2 offers up to $2,000 in assistance. The program can be combined with MHC Trusty10 (required pairing). Amounts are the program's published maximums, not an offer — Mississippi Home Corporation (MHC) determines any individual award.

Trusty 10 Plus 2 is structured as a grant, so it is not repaid. Repayment is triggered by The $2,000 Plus 2 portion is a grant and is not repaid. The companion Trusty10 $10,000 second mortgage is repaid as principal & interest over 15 years. The assistance is recorded in Grant has no lien; companion Trusty10 assistance is a subordinate (second) lien behind the first mortgage. position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Trusty 10 Plus 2 is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer requirement waived in MHC Target Areas and for veterans. On credit, the program states: Per participating lender guidelines. A homebuyer education course is required, through MHC-approved homebuyer education (per Trusty10 requirements). Residency requirement: Property must be located in Mississippi. $2,000 grant enhancement (announced 2026-06-11) layered on MHC Trusty10's $10,000 second mortgage; must qualify for and pair with Trusty10. Available while limited Mississippi REALTORS grant funds last. FTHB requirement waived in MHC Target Areas and for veterans. Credit score, DTI, and exact county income/purchase-price limits follow MHC Trusty10 guidelines and were not restated; left blank rather than guessed.

Trusty 10 Plus 2 sets its income limit as follows: Household income must be within MHC income limits for the county of purchase (county-specific, updated annually; 2026 limits effective for reservations on/after 2026-05-18). 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.

Trusty 10 Plus 2 caps the purchase price as follows: Within MHC acquisition/purchase-price limits for the county of purchase. Eligible property types include Single Family.

Trusty 10 Plus 2 names veterans among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Trusty 10 Plus 2 serves homebuyers purchasing in Statewide, Mississippi. The program targets specific areas: MHC Target Areas (economically distressed census tracts); first-time homebuyer requirement waived there and for veterans.

Applications for Trusty 10 Plus 2 go through Mississippi Home Corporation (MHC), which publishes the current terms and the application steps on its own site. Funds are reserved through MHC lender reservation system (via participating lenders). 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.