MSHDA Assist Refinance Program

The MSHDA Assist Refinance program provides qualifying homeowners who currently have an adjustable rate mortgage or a higher interest fixed rate mortgage with an opportunity to refinance their mortgage into a lower interest fixed-rate loan.

• 30-year fixed rate conventional loan.
• Affordable interest rates.
• Combined loan amount up to 100% of the current appraised value of the home (95% first mortgage and 5% second mortgage).
• Maximum mortgage amount/appraised value of $224,500.
• Borrowers must occupy the home as their primary residence (no second homes or investment properties).
• Annual household income can not exceed $108,000 per year.
• Property must be a single-family home or site condominium (no manufactured housing or attached condominiums allowed).
• Minimum credit score of 620, but loans are reviewed on a case by case basis.
• Homeowner education required.

• 30-year fixed rate conventional loan.
• Affordable interest rates.
• Loan amount up to 100% of the current appraised value of the home.
• Maximum mortgage amount/appraised value of $224,500.
• Borrowers must occupy the home as their primary residence (no second homes or investment properties).
• To be eligible, applicants must qualify under federal and state income and maximum mortgage limits.
• Property must be a single-family home or site condominium (no manufactured housing or attached condominiums allowed).
• Minimum credit score of 575 with a maximum score of 619, but loans are reviewed on a case by case basis.
• Homeowner education required.