Put up to $15,000 toward an eligible home purchase in DeSoto County. The 0% assistance loan defers repayment for up to 30 years, with the balance due at the end of the term or earlier if required by the loan conditions.
*Verification of eligibility required.
DeSoto County's SHIP purchase assistance helps income-qualified buyers cover eligible upfront homebuying costs with a deferred, nonforgivable loan.
Very Low Income
Up to $15,000 in purchase assistance for an eligible household.
Low Income
Up to $15,000 in purchase assistance for an eligible household.
Moderate Income
Up to $10,000 in purchase assistance. A $1,500 buyer contribution is required.
A clear path from your mortgage review to your new home in DeSoto County.
Work with a qualified first-mortgage lender to review your income, credit, and homebuying budget.
Take HUD-approved homebuyer education and prepare your required $1,500 buyer contribution.
Provide a purchase contract and complete the review of the home's eligibility and any required rehabilitation.
The county reviews your application and loan terms. After approval, assistance is applied to eligible purchase costs at closing.
DeSoto County assistance can help cover upfront homebuying costs without a scheduled monthly assistance payment. The loan must be repaid, so you can plan for that obligation from the start.
Use an approved award for eligible costs of your home purchase.
The purchase-assistance loan carries a 0% interest rate under the program terms.
Repayment is deferred rather than forgiven. Review the maturity and early-repayment conditions before you close.
Answers for homebuyers in DeSoto County.
The purchase-assistance maximum is $15,000 for very low- and low-income households and $10,000 for moderate-income households under the 2026–2029 county housing plan. Awards depend on eligibility, need, and available funding.
No. This assistance is a 0% deferred, nonforgivable loan with a 30-year term. The balance is due after 30 years unless the county approves an extension following income recertification. Selling, transferring, renting out the home, or another default may trigger earlier repayment.
Scheduled payments are deferred during the loan term while its conditions are met. The debt remains owed; deferral does not erase the balance.
The plan requires a $1,500 buyer contribution, which can include eligible homebuyer education costs. Your first mortgage and closing costs may require additional funds.
Limits depend on household size. For a four-person household in 2026, the very low-income limit is $39,150, the low-income limit is $62,600, and the moderate-income limit is $93,960.
New and existing homes priced at $350,000 or less may qualify. New construction must have received its certificate of occupancy within the previous 12 months. Purchases that include rehabilitation must meet the county's repair requirements.
The plan permits qualifying manufactured homes built in June 2010 or later. The property must also meet the county's condition, ownership, financing, and other program requirements.
Yes. Complete HUD-approved homebuyer education. You also need first-mortgage approval, a purchase contract, and documents that establish your household's income and assets.
Begin with first-mortgage preapproval and contact the DeSoto County Housing Department for its application process. The county reviews the household, property, and available funding before approving an award.
No. This is a private mortgage inquiry with Next Wave Mortgage, LLC. County assistance requires a separate application and approval; submitting this form does not reserve county funds.
Review your mortgage budget, the required buyer contribution, and the assistance loan's repayment terms. County approval and available funding are required before assistance can be applied to your purchase.
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