Palm Beach County SHIP Purchase Assistance Program

Special Alert

Program limited to unincorporated areas.

Maximum Purchase Price


Contact Info: 100 Australian Ave, 5th Floor, West Palm Beach, FL 33406 561-233-3600


Buyer must be a first-time home buyer. All applicants are required to attend Virtual Mandatory Orientation facilitated by HED, prior to submittal. Applications will not be reviewed if proof of orientation attendance is not provided.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?


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?

Funds will be awarded as a 30 year deferred forgivable loan, 0% interest, secured by a recorded mortgage and note.


1 County: Palm Beach Property must be located in the unincorporated area of Palm Beach County.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 140% AMI guidelines Funding will provide financial assistance from extremely low (30% AMI) to moderate income (140% AMI) applicants/households to acquire their first home. Our program model reflects highest category. Program income limits (2022):

Maximum Assistance

$105,000 Funding up to $105,000 will be available to income eligible first-time homebuyers for purchase assistance with or without rehabilitation or new construction. The SHIP funds will be awarded to assist with gap financing, lot acquisition, down payment, rehabilitation of the the unit to be purchased and closing costs.

Education Requirements Info:

Applicant must attend a Mandatory Orientation Session.  Schedule located here​: Register for the Mandatory Orientation at

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

Applicant may not currently own or have liquid assets exceeding $200,000 and/or combination of liquid and non-liquid assets exceeding the current purchase price limit.

Qualifying Ratios:

Determined by first mortgage product or lender.