Trusty 10 Plus 2

What is 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.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

Trusty 10 Plus 2 is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

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.

Where does it apply?

Trusty 10 Plus 2 serves buyers 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.

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through MHC-approved homebuyer education (per Trusty10 requirements)..

2. 2

   Contact Mississippi Home Corporation (MHC) to reserve funds

   Funds are reserved through MHC lender reservation system (via participating lenders)., 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.