First-Time Homebuyer Assistance Program

The SHIP First-Time Homebuyer Assistance Program helps eligible homebuyers purchase a home in Clay County by providing down payment and closing cost assistance.

Eligible Area

Homes purchased through this program must be located in Clay County, Florida.

Eligibility Requirements

• Applicants must be first-time homebuyers and legally eligible to reside permanently in the United States.
• The home must be the buyer's primary residence.
• Applicants must occupy the home within 60 days of closing.
• The property may not be rented at any time.
• Applications are accepted without regard to age, race, color, religion, national origin, sex, marital status, military status, or disability.

For additional down payment assistance information, visit Florida First-Time Homebuyer Program .

Down Payment Assistance

Eligible homebuyers may receive up to $20,000 in down payment and closing cost assistance through a:

• 30-year deferred second mortgage
• 0% interest
• No monthly payment

Household Income Limits

Household income includes all borrowers, spouses, and everyone age 18 or older living in the home.

Income limits apply to FHA, USDA-RD, and VA loan programs and are subject to change.

Purchase Price Limit

The maximum purchase price is $322,925.

Homebuyer Education

First-time homebuyers must complete an approved pre-purchase homebuyer education course. Your participating lender can provide additional information about approved courses.

Eligible Properties

• Single-family homes
• Townhomes
• Condominiums
• Duplexes, triplexes, and four-unit properties
• New or existing homes

Note: Mobile homes are not eligible.

Minimum Credit Score

Applicants must have a minimum FICO credit score of 640.