Monroe County SHIP Homebuyer Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.monroecounty-fl.gov/140/Social-Services 1100 Simonton St. Suite 2-256, Key West, FL 33040 305-292-4408


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


Accepted First Mortgage Type:

Freddie Mac, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HomeReady, FHA 203(b), VA

Homeowners Education Class:

Not Required

Is Forgivable?

No Forgiveness


1 County: Monroe Program is available countywide.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Income categories served: Very Low (50% AMI), Low (80% AMI) and Moderate (120% AMI) Cannot exceed 120% of Area Median Income. Our program model will reflect the highest limit eligible. Median income is published annually by the U.S. Department of Housing and Urban Development. The Florida Housing Finance Corporation (FHFC) expands on the federal determination relative to the implementation of state programs.

Maximum Assistance

$45,000 Up to $45,000 per home available.

Education Requirements Info:

Homebuyer Education is not required.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $86,160$98,400$110,760$123,000$132,840$142,680$152,520$162,360 *Income limits as of 05/23/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
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