Manatee County SHIP Down Payment Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.mymanatee.org/departments/neighborhood_services 1112 Manatee Avenue West – Suite 300, Bradenton, FL 34205 941-749-3029


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 30 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:


Is Forgivable?

SHIP funding is provided as a subordinate mortgage at 0% interest deferred loan for 30 years with forgiveness at the end of the term.


1 County: Manatee Property must be located in unincorporated Manatee County or City of Palmetto.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from Agency-defined 2023 120% AMI guidelines Program uses Very Low (50% AMI), Low (80% AMI) and Moderate (120% AMI) income categories. Our program model houses the highest income limits used. (120% AMI) Income limits are supplied by Florida Housing Finance Corporation for the SHIP program annually.

Maximum Assistance

$45,000 Maximum per unit assistance amount will vary by income category: Up to $75,000 for very low (50% AMI) income households; Up to $70,000 for low income (80% AMI) households; Up to $55,000 for moderate (120% AMI) income households. (Assistance includes up to $6,000.00 for closing costs).

Education Requirements Info:

Applicants must complete Manatee County’s required Homeownership Training Course and receive a Certificate of completion. To register contact one of the agencies, listed below: Step up Suncoast @ 941-757-1166, option 1 Community Solutions 360 @ 941-809-2231 Suncoast Housing Connections @ https://suncoasthousingconnections.org/homebuyer-education-classes/

Eligible Property Types:

Single Family Detached Condo Townhome/PUD Manufactured Home

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $76,800$87,840$98,760$109,680$118,560$127,320$136,080$144,840 *Income limits as of 06/02/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
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