Mississippi Veterans Home Purchase Board
by Pam Simpson
The Kudzu Vine
The Veterans Home Purchase Board in the state of Mississippi has been helping Mississippi veterans obtain low-interest loans to purchase homes since 1946.
This program is available for:
- Active Duty Military
- Reserve and National Guard who currently serve and have more than 6 years of service
- Reserve and National Guard who have been activated for extended active duty under Title 10
- unmarried surviving spouses of eligilble veterans who died as a result of service
You must be a resident of the state of Mississippi for 2 consecutive years before applying for this loan and you must get a certificate of eligibility from the Department of Veterans Affairs. If you have been 
discharged, it must have been under conditions other than dishonarable.
You can obtain an application packet directly from the Home Purchase Board. Visit their website for contact information.
Currently, the maximum loan amount is $195,000 + the DVA funding fee. Their website lists the current interest rate for a 30-yr. loan as 4.0% and for a 15-yr loan as $3.75%.
The process for this loan differs from a regular VA loan. This loan is processed solely through the Home Purchase Board and not through a lender.
If you wish to apply for a traditional VA loan through a great mortgage lender, you may contact Doug Capps at Fairway Independent. Doug just recently closed a VA loan for one of my clients and I highly recommend him and his company. He provided outstanding service.
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About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Mississippi Veterans Home Purchase Board***
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