Eligible Area- Clay County

Eligibility Criteria

•    Buyers must be first-time buyers and be able to reside in the US permanently.
•    Buyers must live in the property they purchase as their principal residence.
•    All applicants must be considered irrespective of age, race, color, religion, national origin, sex, marital status, military status, or physical handicap.
•    Buyers must occupy the property purchased within 60 days of closing.
•    Buyers must live in the property as their principal residence, and the property may never be rented.
•    See the SHIP office for a list of participating lenders.

Down Payment Assistance- 30-Year Deferred, 0.00% interest second mortgage, up to $20,000 for down payment and closing cost assistance. The second mortgage is NEVER FORGIVEN and must be repaid when the first mortgage is paid off, refinanced, sold, short-sale, foreclosure, or if the borrower ceases to live in the property.

Income Limit Criteria- Household income is considered for ALL Borrower(s), spouses, and anyone 18 or older.
FHA. USDA-RD and VA Loans:
1 - 2 person household approximately $78,865
Three or more person households approximately $90,694

Purchase Price Limit- $322,925

Homebuyer Education - First-time home-buyers must complete a program ­approved pre-purchase homebuyer education course. Please speak with a participating lender for details.

Eligible Property - New or existing, one to four units, detached or attached, condos, townhomes. *Mobile homes are not included.

Credit Score - FICO means the score must be 640 or higher.

What's the next step?

If you think you qualify for the program based on the criteria above, contact the SHIP office by emailing us.