First-time Homebuyer Savings Account

Great news for Mississippians saving to buy their first home! Governor Phil Byrant signed HB 1601 into law in 2017 to help lead the way to home ownership for Mississippians. The law establishes a First-Time Homebuyer Savings Account, allowing Mississippians to create monetary savings accounts for down payments or other home purchase related expenses. Members Exchange will begin offering these accounts as of January 1, 2018.

Click here to view a FAQ sheet.

Additional information can be found here: FirstHomeMS.org

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