HomeSaver Plus
If you have experienced a financial hardship associated with the COVID-19 pandemic that created mortgage delinquency, mortgage default, and an increase in housing-related expenses, the Mississippi Home Saver Plus Program may be able to help.
Mississippi Home Corporation has launched the MS Home Saver Plus Program, which will provide homeowners with assistance to prevent and ease mortgage delinquencies, defaults, foreclosures, and displacement of homeowners experiencing financial hardship due to the pandemic. Financial hardships could include increased living expenses, change in household size, job loss or reduction in income, etc.
The Mississippi Home Corporation expects to receive approximately $72 million in American Rescue Plan Act funds through the U.S. Department of Treasury. The funds will support homeowners facing housing instability resulting from the COVID-19 pandemic.
Homeowner Eligibility
- Must have experienced a qualified financial hardship after January 21, 2020. (Including a hardship that began before January 21, 2020, but continued after that date.)
- Must provide all necessary documentation to satisfy program guidelines.
- Must have a total annual household income equal to or less than 100% of the area median income.
- Must attest to a financial hardship experience after January 21, 2020
Property Eligibility
- Must be located in the state of Mississippi.
- Must be occupied as the primary residence.
- Types:
- Single-family dwelling
- Manufactured homes
- Mobile homes
- Condominiums
- 1 to 4 units
Important Facts
- Reinstatement Only receives a 1-time payment of mortgage delinquency to bring the mortgage current. Assistance cannot exceed $50,000.
- Qualified Homeowner receives a 1-time payment of mortgage delinquency to bring the mortgage current, plus up to 18 months of mortgage assistance with a 6 month recertification. Assistance cannot exceed $50,000.
- Program assistance is a non-recourse grant.
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MS Home Saver Program will cease taking new applications on November 15, 2023.
If you have an active application, it will be processed in the order received. We encourage applicants to log in and check their status as it will be updated accordingly. Home Saver applications are first come, first serve while funds are available. To know your options for maintaining homeownership, you may contact a local HUD-approved housing counseling agency at:
Required Documents for ALL Applications
- Application Submission Package
- Identification Verification
- Income Verification
- Property Verification
- Proof of Hardship
Additional Documents Required
- State Driver’s License
- Unemployment Benefits Statement
- SSI or SSDI awards letter
- Paystub
- 2020 tax return transcripts
- 2020 W-2
- YTD Profit & Loss Statement
- 1st and/or 2nd Mortgage statement
- Deed of Trust or Warranty Deed
- Utility Bill