Lake County SHIP Down Payment Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

http://www.lakecountyfl.gov/ 2008 Clasique Lane, Tavares, FL 32778 352-742-6506


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?

Forgiven after 15 years unless the home is sold, ceases to be the principal residence of the borrower, the borrower refinances with cash out or uses the home as collateral for a home equity line of credit.


1 County: Lake Property must be located in unincorporated Lake County, FL.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Program serves income levels 50%, 80% and 120% AMI. The highest income level is reflected in our program model. SHIP income limits are supplied by Florida Housing Finance Corporation.

Maximum Assistance

$40,000 Assistance amounts for down payment and closing costs varies based on income level of applicant: Up to $40,000 is available for very low income (50% AMI) borrowers Up to $30,000 is available for low income (80% AMI) borrowers Up to $20,000 is available for moderate income (120% AMI) borrowers NOTE: for all categories, up to $5,000 of the assistance can be used for repairs to existing homes.

Education Requirements Info:

In order to be considered for the SHIP Down Payment Assistance Program, you will need to consult with Consumer Debt Counselors and determine your mortgage readiness. Once you are determined mortgage ready you will be referred to the housing office and placed on the waiting list. You can contact Consumer Debt Counselors at 407-599057.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $69,720$79,680$89,640$99,480$107,520$115,440$123,360$131,400 *Income limits as of 05/25/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
Seraphinite AcceleratorOptimized by Seraphinite Accelerator
Turns on site high speed to be attractive for people and search engines.