Marion County SHIP Purchase Assistance Program

Special Alert

Maximum Purchase Price


Contact Info: 2710 E. Silver Springs Blvd, Ocala, FL 34470 352-671-8770


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 15 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?

Loan will be forgiven if person lives in home as primary residence for the entire 15 year length of the mortgage.


1 County: Marion Excluding Ocala Must be located within Marion County and outside the Ocala city limits.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Total household income at or below 120% Area Median Income (AMI). Income limits are from Florida Housing Finance Corp. (Our program model reflects the highest (120% AMI) amount)

Maximum Assistance

$50,000 Assistance amount will vary by income and is based upon need: Very-low Income (50% AMI) Household = $50,000; Low Income (80% AMI) Household = $40,000; Moderate Income (120% AMI) Household = $30,000.

Education Requirements Info:

Eligible Property Types:

Single Family DetachedCondo Townhome/PUDManufactured Home Modular Home

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $55,320$63,240$71,160$78,960$85,320$91,680$97,920$104,280 *Income limits as of 06/05/2023

Qualifying Ratios:

Determined by first mortgage product or lender.