Yes, there are a few options for down payment assitance. MS Home Corp http://(www.mshomecorp.com
) have a few programs that you may be able to qualify for. The more poplar programs are: Mortgage Revenue Bond (3%), DPA - Down Payment Assistance (3%) and the Home Loan Plus grant ($14,999.00). The minimum down payment for FHA is 3.5%, but the Bond and DPA will only give you 3%. So you will have to come up with the .5% difference. Keep in mind that both the Bond and DPA are "paid back" in the form of a second mortgage. The HLP grant is that is not repaid, but has a 5 year compliance period (cannot sell or rent). Income limits apply to these programs. If you would like more information, please visit the website above, or feel free to contact me via email or phone.
Doug Capps, Fairway Mortgage, 662-429-5100 Ext. 105, NMLS ID #68160