Mississippi Homebuyers: Unlock $20,000 with the FHLB of Dallas HELP Grant

If you’ve been dreaming of homeownership in Mississippi, now may be the perfect time to take the leap. Beginning October 1, 2025, the Federal Home Loan Bank of Dallas (FHLB) will reopen its Homebuyer Equity Leverage Partnership (HELP) Program, offering qualifying buyers in Mississippi up to $20,000 in down payment and closing cost assistance.

This is one of the most impactful grants available to first-time buyers, designed to make homeownership more affordable and sustainable for working families.

What is the HELP Program?

The HELP Program is a grant provided by the FHLB of Dallas through member banks. The funds are used to assist eligible homebuyers with down payment and closing costs, helping bridge the gap for those who may otherwise find homeownership out of reach.

For Mississippi buyers, the maximum available is $20,000 per household.

Who Qualifies?

To be eligible for the $20,000 HELP grant, homebuyers must:

• ✅ Be a first-time homebuyer (as defined by FHLB).

• ✅ Have income at or below 80% of the Area Median Income (AMI), as defined by HUD.

• ✅ Complete a HUD-approved homebuyer counseling program.

• ✅ Contribute at least $500 of your own funds toward your down payment or closing costs.

• ✅ Agree to retain the home for at least five years.

• ✅ Not receive cash back at closing.

How Much Can You Get?

• Mississippi, Arkansas, Louisiana (and other areas outside the FHLB Dallas District): Up to $20,000 per household.

• Texas and New Mexico: Up to $25,000 per household.

Why This Matters for Mississippi Buyers

Homeownership is a powerful tool for building generational wealth, but rising home prices and interest rates can make saving for a down payment feel impossible. The HELP grant eases that burden by covering a significant portion of upfront costs.

For example, a buyer purchasing a $150,000 home in Mississippi could use the $20,000 grant toward the down payment and closing costs—reducing the amount borrowed and making monthly payments more affordable.

How to Prepare Now

Since funds are limited and awarded on a first-come, first-served basis, Mississippi buyers should prepare early. Here’s how:

1. Connect with a participating lender who works with FHLB of Dallas.

2. Enroll in a HUD-approved homebuyer counseling course and complete it before applying.

3. Gather your financial documents (pay stubs, tax returns, and bank statements).

4. Plan to invest at least $500 of your own funds toward your purchase.

5. Work with a REALTOR® who understands local grant programs and can guide you through the process.

Final Thoughts

The $20,000 HELP grant from FHLB of Dallas can make the difference between renting and owning your home. If you’re a first-time buyer in Mississippi, this opportunity could help you achieve your dream of homeownership sooner than you thought possible.

Don’t wait—prepare now so you’re ready when applications open October 1, 2025.

📌 Interested in learning if you qualify? Let’s connect today and create your plan for homeownership with the HELP grant.