Hardee County SHIP Home Ownership Financial Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.hardeecountyfl.gov/departments/community-development 412 West Orange Street, Rm 201, Wauchula, FL 33873 863-773-6349


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 10 years

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

Homeowners Education Class:


Is Forgivable?

A deferred payment loan agreement with a 10-year term would be executed at closing. The agreement is 100% forgivable if borrower meets agreement requirements. Borrower’s responsibility would be to live in the home as their primary residence, maintain homeowner’s insurance on the home, and pay their property taxes for the length of the term. A satisfaction would be recorded at the end of term if the borrower has met agreement requirement.


1 County: Hardee Property must be located in Hardee County, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Cannot exceed 120% AMI. (SHIP Income limits are reflected on the Florida Housing Finance Corporation’s website) Income will be counted for ALL Household Members 18 and Over.

Maximum Assistance

$20,000 Assistance amounts vary based on income level category of borrower: Up to $20,000 in assistance for low-income (80% AMI) buyers; Up to $15k in assistance for moderate-income (120% AMI) buyers.

Education Requirements Info:


Eligible Property Types:

Single Family Detached

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $54,000$61,680$69,360$77,040$83,280$89,400$95,640$101,760 *Income limits as of 06/02/2023

Qualifying Ratios:

Housing Ratio: Up To 30% Total DTI: — Monthly mortgage payments (principal and interest), plus taxes and insurance, annualized, cannot exceed 30 percent of that amount which represents the combined projected gross annual household income. Housing for which a household devotes more than 30 percent of its income shall be reviewed on a case by case exception, if the first institutional mortgage lender is satisfied that the household can afford mortgage payments in excess of the 30 percent benchmark and notifies the Office of Community Development in writing of their finding.
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