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Home buyer help · Mississippi

Buying a home in Mississippi: the help you may qualify for.

Down payment assistance, property tax exemptions and veteran benefits in Mississippi, gathered from official state sources and explained in plain English. Every program has its own rules, so check with the agency before you count on it.

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Last checked November 11, 2026Sources state agencies

Down payment and closing cost help

From the Mississippi Home Corporation.

  • Smart7

    $7,000

    0% second mortgage for the down payment or closing costs, repaid when you sell, refinance or pay off the first mortgage. No first-time buyer requirement.

  • Trusty10

    $10,000

    Second mortgage at 2% over 15 years.

  • Home4All

    A grant up to $25,000

    For households at or under 80% of the area median income; homebuyer education required.

Who qualifies: Income and price limits, through a participating lender.

Property tax exemptions and credits

Exemptions lower your home’s taxable value or your bill. Most aren’t automatic: you apply with your county tax assessor. Mississippi’s official exemptions information.

For homeowners who live in the home

  • Regular homestead exemption

    Up to $300 off your property taxes

    For Mississippi residents under 65 who own and live in the home.

    How to apply: With your county tax assessor. (Mississippi Department of Revenue)

For homeowners 65 and older

  • Age 65+ or disabled homestead exemption

    Taxes exempt on the first $75,000 of value

    For homeowners 65 or older, totally disabled, or service-connected totally disabled veterans (and, from 2026, their unremarried surviving spouses). Later increases in assessed value are also exempt.

    How to apply: With your county tax assessor. (Mississippi Department of Revenue)

Want to see which ones fit you? Answer a few questions in the property tax exemptions checker.

If you serve or served

  • VA home loan: available in every state, often with no down payment and no monthly mortgage insurance. You’ll need a Certificate of Eligibility. See VA home loans.

Your next steps

  1. Work out a monthly cost you’re comfortable with in the home cost calculator. It also lists Mississippi’s programs with the loans you may qualify for.
  2. Talk with a free or low-cost HUD-approved housing counselor. Find one near you.
  3. Ask each lender which of these programs they work with, and compare Loan Estimates from at least three.
  4. Follow the step-by-step home buyer’s guide from budget to keys.

Common questions

Does Mississippi have down payment help for home buyers?

Yes. Programs from the Mississippi Home Corporation include Smart7, Trusty10, Home4All. Income and price limits, through a participating lender. Funding and rules change often, so check with the agency or a participating lender.

Does Mississippi have a homestead or property tax exemption for homeowners?

Yes. Homeowners who live in the home may qualify for: Regular homestead exemption. Apply with your county tax assessor; most exemptions aren't automatic.

Is there help for veterans buying a home in Mississippi?

VA home loans are available in every state, often with no down payment.

Sources: Mississippi Home Corporation and Mississippi’s property tax office, linked above. Last checked November 11, 2026. Programs, amounts, income limits and funding change often, sometimes every year. Know Before You Own doesn’t recommend lenders or take referral fees. This page is general education, not legal, tax or lending advice. See other states.