Guardian Educational Ministry

Owning a quality home is possible even if you don’t have a huge down payment. Guardian Advantage partners with trusted lenders and resources to help Mississippi home buyers secure financing and reduce out-of-pocket costs.

Buyer Financing Options Sheet

ZERO-DOWN & LOW-DOWN PAYMENT OPTIONS

USDA Rural Development Loan (0% Down)

Best for: Buyers purchasing in eligible rural/suburban Mississippi areas

• $0 down payment

• Lower interest rates

• Reduced mortgage insurance

• Can finance closing costs

• Household income limits apply

Many Guardian homes qualify under USDA maps.

VA Home Loan (0% Down)

Best for: Veterans, active-duty service members, and eligible spouses

• $0 down

• No monthly mortgage insurance

• Competitive interest rates

• Flexible credit standards LOW-DOWN PAYMENT MORTGAGES (3% – 3.5%)

VA Home Loan (0% Down)

Best for: Veterans, active-duty service members, and eligible spouses

• $0 down

• No monthly mortgage insurance

• Competitive interest rates

• Flexible credit standardsLOW-DOWN PAYMENT MORTGAGES (3% – 3.5%)

FHA Loan (3.5% Down)

Best for: Buyers with moderate credit or limited savings

• Down payment approx. $7,200–$7,900

• Easier credit qualification

• Can combine with down payment assistance

Conventional 3% Programs

HomeReady® (Fannie Mae) / Home Possible® (Freddie Mac)

Best for: Stable income buyers with fair-to-good credit

• As low as 3% down

• Reduced mortgage insurance

• Flexible income sources allowed

• First-time buyer friendly

GUARDIAN BUYER ADVANTAGE PROGRAMS

(Exclusive value adds offered through Guardian)

Guardian Closing Cost Support

• Seller-paid closing cost strategies

• Reduced out-of-pocket cash at closing

Guardian Path-to-Ownership (If Needed)

• Lease-to-own structure

• Rent credits applied toward purchase

• Defined timeline (12–24 months)

Guardian Credit-Ready Program

• 60–90 day credit improvement roadmap

• Rapid rescore assistance

• Pre-underwrite before home selection

MISSISSIPPI DOWN PAYMENT ASSISTANCE

PROGRAMS

Mississippi Home Corporation (MHC)

Available statewide through approved lenders.

Common Benefits:

• Up to $6,000–$10,000 Down Payment Assistance

• Can cover down payment + closing costs

• Often structured as a forgivable or deferred second loan

• Available to first-time and repeat buyers (program dependent)

Guardian partners with lenders who specialize in MHC programs.

NEXT STEPS FOR BUYERS

Pre-qualification with Guardian Preferred Lender

Confirm eligibility for assistance programs

Select Guardian Affordable Home

Lock financing & move toward closing

We don’t just sell homes! We help families become homeowners

WHAT BUYERS TYPICALLY NEED TO QUALIFY

Stable income (2 years preferred)

Credit scores typically 580–640+ (program dependent)

Willingness to complete homebuyer education (often required for assistance)

Desire to own and stay long-termESTIMATED MONTHLY PAYMENT RANGE

(Approximate – final numbers depend on rate, taxes, insurance, and assistance)

• With USDA / VA: Often $1,300–$1,550/month

• With FHA + Assistance: Often $1,400–$1,650/month

• With Conventional 3%: Often $1,350–$1,600/month