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.
