Nassau County SHIP Down Payment & Closing Cost Assistance

Special Alert

Assistance amounts vary by income. Review program guidelines to determine assistance eligibility by income level.

Maximum Purchase Price


Contact Info:

http://www.nassaucountyfl.com/179/SHIP—Affordable-Housing-Program 96135 Nassau Pl, Suite 2, Yulee, FL 32097 904-530-6020


Eligible participants must not own a home at the time of closing on the SHIP assisted home. To be considered for inclusion in this program, the applicant must not have a contract to purchase a home prior to receive an award letter for Nassau County. Applicants must not have received assistance from the County’s SHIP program within the past 10 years prior to applying for assistance.

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:


Is Forgivable?

Forgiveness: Forgiven at the end of the 10 years


1 County: Nassau The property must be located in Nassau County.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Cannot exceed 120% AMI Income limits are provided by Florida Housing Finance Corporation on an annual basis.

Maximum Assistance

30% of Purchase Price up to $102,747 Income categories served are: very low/ extremely low, low and moderate and assistance is based on income category: Very Low or Extremely Low income = 30% of Purchase Price (max assistance of $102,747); Low income = 25% of Purchase Price (max assistance of $85,622); Moderate income (up to 120% AMI) = 20% of Purchase Price (max assistance of $68,495). NOTE: the maximum assistance for a mobile home purchase is 20% of the purchase price not to exceed $25,000.

Education Requirements Info:


Eligible Property Types:

Single Family Detached Condo Townhome/PUD Manufactured Home

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $74,400$84,960$95,640$106,200$114,720$123,240$131,760$140,280 *Income limits as of 06/02/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
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