The Mississippi Legislature established the Veterans’ Home Purchase Board (VHPB) in 1936 as a state Agency for the purpose of rehabilitating and rewarding the State’s Veterans by making mortgage loan money available to them often at a rate lower than the rate charged by private sector mortgage companies. Because of the Constitutional prohibition against the State’s loaning its credit in aid of any person (MISS. CONST. of 1890, art 14, Section 258), The VHPB purchases the property from the seller and then resells the property on credit to the Veteran Purchaser. In all other respects; the Agency operates as a traditional mortgage company.
The Veterans’ Home Purchase Board provides money in the form of a VA Guaranteed home purchase loan to the Veterans of Mississippi as thanks for their sacrifice and service to our Country and this State. This benefit to the Veteran costs the State NOTHING.
Current Board Members
Mr. John B. Kaiser, Jr., Executive Director
Mr. Clifton Marshall, Board Member
Mr. Richard Derward Stevens, Board Member
Mr. Dr. Dan Henry Singley, Jr., Board Member
Mr. Gene Hortman, Jr, Board Member (At Large)
Mr. Henry Watts, Board Member
Mr. Ronald Len Beckham, Board Member