SHIP: Purchase Assistance
SHIP
funds will be used in this program for qualified persons in need of down
payment and/or closing cost assistance to purchase a new or existing
home. Up to twenty thousand dollars ($20,000.00) per applicant will
be allowed. This program will be for those applicants whose income
is classified as very-low, low or moderate. Those applicants
whose incomes are in the very-low or low category will be given
preference over those applicants whose incomes are in the moderate
range. Applicants must be a first-time homebuyer as defined by
Clay County first time home buyer definition.
These funds will be expended as
deferred payment loans due-on-sale or
satisfaction of the first mortgage with no interest due and no monthly
payment.
Homes cannot exceed $247,500 in total cost.
Florida Housing Finance Corporation
2008 Income Limits Adjusted to Family Size
Effective: February 13, 2008
|
Family Size |
One |
Two |
Three |
Four |
Five |
Six |
Seven |
Eight |
|
|
|
|
|
|
|
|
|
|
|
Very Low -50% |
$22,350 |
$25,550 |
$28,750 |
$31,950 |
$34,500 |
$37,050 |
$39,600 |
$42,150 |
|
|
|
|
|
|
|
|
|
|
|
Low
- 80% |
$35,750 |
$40,900 |
$46,000 |
$51,100 |
$55,200 |
$59,300 |
$63,320 |
$67,450 |
|
|
|
|
|
|
|
|
|
|
|
Moderate -120% |
$53,640 |
$61,320 |
$69,000 |
$76,680 |
$82,800 |
$88,920 |
$95,040 |
$101,160 |
FOR ADDITIONAL
INFORMATION ON THE FIRST TIME
HOME BUYERS PROGRAMS
CALL OUR OFFICE AT:
(904) 278-4700 OR (904) 529-4700
|
