Bradford County SHIP Purchase Assistance Program

Special Alert

Assistance amounts vary by income. Review program guidelines to determine assistance eligibility by income level.

Maximum Purchase Price

$250,200

Contact Info:

https://www.bradfordcountyfl.gov/community 925 North Temple Ave, Suite E, Starke, FL 32091

Limitations

Program Assistance Amounts are based on Income Level of Applicant. Program strictly only helps with the closing costs and down payments towards the purchase of an existing house only. Buyer must be a first-time home buyer.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA, USDA / RD

Homeowners Education Class:

Required

Is Forgivable?

The funds will be forgiven on a prorated basis so that 4% of the principal is forgiven annually.

Location:

1 County: Bradford Property must be in Bradford County, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Income cannot exceed 120% AMI as provided by Florida Housing Finance Corporation.

Maximum Assistance

$30,000 Assistance Amounts Vary based on Income Levels: Extremely Low – Very Low Income (50% AMI) = Up to $30,000 Low Income (80% AMI) = Up to $20,000 Moderate Income (120% AMI) = $10,000

Education Requirements Info:

Contact Bradford County at 904-966-6382

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

None

Qualifying Ratios:

Determined by first mortgage product or lender.

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