Skip to content

Mississipi Home Corporation

NOLA Lending offers a variety of programs with competitive interest rates and down payment/closing assistance cost to first-time homebuyers1 or low-to-moderate income homebuyers2 for properties located in Mississippi. 

MRB 7 –Mortgage Revenue Bond Series 7

$7,000 deferred 10-year second mortgage with 0% interest is applied to the borrower’s portion of allowable closing costs. Ask your lender for details.

Smart Solution –Smart Solution Second Mortgage

A new program that offers competitive interest rates with down payment assistance as cash advance or a second mortgage. Smart Solution Mortgage is offered by NOLA Lending at a 30 year fixed rate. This is a 10-year loan.

Mortgage Credit Certificate (MCC)

MCC can be used with Fannie Mae conventional, fixed-rate, adjustable rate, FHA, VA, and RD financing. MCC may also be combined with MHC’s Down Payment Assistance, Home Loan Plus, and Smart Solution programs.

Housing Assistance for Teachers (HAT)

The Housing Assistance for Teachers Program (HAT) was designed to assist with funding to help teachers buy homes. Forgivable grant assistance if requirements are satisfied. Applicants who agree to render service as a teacher in the district for three years starting with the beginning of the school year.

Connect with us! Get our latest updates as well as valuable tips.