Jefferson County SHIP First-Time Homebuyer Purchase Assistance Program

Special Alert

Maximum income and Purchase price limits vary depending on insurer and/or product. Review program guidelines for relevant details.

Maximum Purchase Price


Contact Info: 1484 South Jefferson Street, Monticello, FL 32344 850-997-2036


All applications must be MAILED with the required supporting documents to: Government Services Group, Inc., (Attn: James Moseley), P.O. Box 357995, Gainesville, FL 32635-7995. Please call Government Services Group at 850-681-3717 for assistance. Applications will not be processed until we receive a letter of approval from a 1st mortgage lender qualifying you for a mortgage and have an accepted purchase contract. Buyer must be a first-time home buyer. (Homebuyers may not have claimed homestead exemption in the last three years.) Applicants are limited to one-time assistance under the SHIP Program.

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?

Loan is forgiven on a prorated basis so that 14.29% of the principal is forgiven annually.


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

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Program serves income categories of very-low (50% AMI), low (80% AMI) and moderate (120% AMI) incomes. Income cannot exceed the moderate income of 120% AMI. (Our program model will reflect the highest income limit that is eligible) SHIP income limits are supplied by Florida Housing Finance Corporation annually SHIP recipients must maintain income eligibility for six months following initial certification.

Maximum Assistance

$30,000 Down Payment Assistance amounts varies based on income category of applicant: Very Low income (50% AMI) applicants = Up to $30,000 Low income (80% AMI) applicants = Up to $25,000 Moderate income (120% AMI) applicants.= $20,000

Education Requirements Info:

Must take a HUD approved homebuyer education course.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $64,200$73,320$82,440$91,560$99,000$106,320$113,640$120,960 *Income limits as of 05/09/2023

Qualifying Ratios:

Housing Ratio: Up To 30% Total DTI: — The monthly housing costs, including taxes and insurance shall not exceed thirty percent (30%) of the applicant’s monthly gross income unless the first mortgage lender is satisfied that the household can afford mortgage payments more than the thirty percent (30%) benchmark. Total DTI: Determined by first mortgage product or lender.