Buyer must be a first-time home buyer. Award amount can change if more than one funding source is used to assist with the purchase of the home. (SHIP and HOME) Will allow Collier County and/or Federal Monitors access to this home during normal business hours with a week’s notice if selected for monitoring by HUD or County to ensure program compliance and owner-occupancy
Credit Score Requirements
Based on 1st mortgage requirements.
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:
Deferred 15 years. The loan will be forgiven at the end of the 15 year period if all conditions have been met.
1 County: Collier Property must be located within unincorporated Collier County, City of Naples, City of Marco and Everglades City.
Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Income cannot exceed 120% Area Median Income (AMI).
If approved as very-low, low or moderate-income, applicants may be eligible for assistance towards down payment and closing cost for the purchase of a home located within Collier County. This program provides interest-free loans up to $55,000 to assist qualifying first-time homebuyer(s) with both down payment and closing cost expenses. The awards may also include up to $10,000 for Essential Services Personnel. NOTE: Contact the agency for maximum funding amounts or your qualified Lender. Amount of award is based on income level of the applicant. (Our program model reflects highest available amount)