Frequently Asked Questions
What does Jackson Affordable Housing Corporation do?
- We provide Homebuyer Counseling for low to moderate-income families, as well as those purchasing a home with a MSHDA mortgage
- We provide closing cost/financial assistance within Jackson city limits
- We provide foreclosure prevention/counseling (beginning 2013)
- We renovate 1 - 2 homes a year to sell to low to moderate-income families
Do I have to buy one of your homes?
- No, you may purchase a home of your own choosing.
How do I know if I am eligible?
- Our basic requirements are your income and ability to obtain an affordable mortgage. See our home page for income limits (based on family size). You can visit the office for additional information or call to have an informational brochure mailed to you. You may also contact us on the Apply page of this website.
Will Jackson Affordable Housing Corporation give me a mortgage?
- No, you must be eligible for a mortgage from a financial institution. This means you must have a steady source of income and at least OK credit.
Do I have to buy a house in a certain area?
- To receive financial assistance the home you purchase must be within Jackson city limits. There are different programs available in Jackson County. You may talk with the Counselor to determine which program will work for you.
What kind of training/counseling do you offer?
- All homebuyers are required to attend a certification class provided by JAHC. These are 2-hour classes for some clients, 6-hour (two 3-hour sessions) for others. Call to find out which class fits your needs.
- JAHC may also be able to help you through the purchase process if you are seeking city funded closing cost assistance (up to $3,000 in city limits).
- Foreclosure counseling will be available in 2013.
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Copyright 2003 Jackson Affordable Housing Corporation