Gadsden County SHIP Down Payment and Closing Cost Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:



Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


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:


Is Forgivable?

LENGTH OF LIEN and forgiveness is based on whether property is New Construction or Existing. New Construction lien is 10 years. Existing Home lien is 7 years.


1 County: Gadsden Property to be in Gadsden County, FL

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Your income must fall between 30% and 120% AMI established by the state/county for your household size. (Our program model will utilize the highest income limit eligible)

Maximum Assistance

$15,000 Maximum award: $15,000. Assistance amounts will be based on income category of applicant: Income categories of Very Low (30%) – Low (80% AMI) = Up to $15,000 Income categories of Moderate (80.01 – 120% AMI) = Up to $7,500 Note: Purchasers will be assisted with only the amount required to reduce the purchase price in order to make the unit affordable. The County will rely on the first mortgage lender to determine the subsidy needed to make the home affordable and not exceed the maximum award.

Education Requirements Info:


Eligible Property Types:

Single Family Detached Condo Townhome/PUD Modular Home

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $68,280$78,000$87,720$97,440$105,240$113,040$120,840$128,640 *Income limits as of 05/18/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
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