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First-time home buyer programs in McComb, MS

Quick answer

First-time buyers in McComb, MS can use 3%-down conventional loans (up to the $832,750 Pike County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $102,100 median home, 3% down is about $3,063 and the estimated payment is $944/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $40,515; value-to-income ratio 2.52. McComb ranks 36 by home value and 33 by population among 41 places in our MS dataset.

What does a first-time buyer loan cost on a typical McComb home?

ItemMcComb
Median home value (Census ACS)$102,100
Mississippi median home value$161,400
Down payment (3%)$3,063
Loan amount$99,037
Estimated monthly payment (PITI + MI)$944
Income needed (28% / 36%)$41,000 / $32,000
Pike County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Mississippi's 0.74% effective property tax rate (Census ACS), $2,029/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in McComb?

McComb is in Pike County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The McComb median home value of $102,100 is 37% below the Mississippi median, and within what the county limit supports.

Which down payment assistance programs can McComb buyers use?

First-time buyer loans in nearby cities

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First-time buyer loan FAQs for McComb

On the $102,100 median: 3% conventional ≈ $3,063, 3.5% FHA ≈ $3,574, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Pike County become jumbo loans.

At the $102,100 median value (below the Mississippi median of $161,400), the estimated payment of $944/month at 7.18% needs about $41,000 a year under the 28% housing guideline, or $32,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.