Levy County SHIP Down Payment Assistance Program
Special Alert
Assistance amounts vary by income. Review program guidelines to determine assistance eligibility by income level.
Maximum Purchase Price
$349,525
Contact Info:
612 E Hathaway Ave, Bronson, FL 32621 352-486-5268
Limitations
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, USDA / RD
Homeowners Education Class:
Required
Is Forgivable?
Loan will be forgiven prorated at 20%, beginning at the end of the sixth year. In cases where the qualifying homeowner(s) die(s) during the loan term, the loan is forgiven.
Location:
1 County: Levy Program is limited to Levy County FL
Income Limitations:
Yes, based on Compliance Income Income limits from HUD 2022 120% AMI guidelines Income Categories served are: Very Low (50% AMI), Low (80% AMI) and Moderate (120% AMI)
Maximum Assistance
$30,000
Education Requirements Info:
Applicants must complete HUD Approved Homebuyers Education Class.
Eligible Property Types:
Single Family Detached Condo Townhome/PUD
Income By Household Size:
$1,000 Must contribute a minimum of $1000 towards any prepaid costs.
Qualifying Ratios:
Determined by first mortgage product or lender.
