Sumter County SHIP Purchase Assistance without Rehabilitation
Special Alert
Maximum Purchase Price
$349,525
Contact Info:
https://www.sumtercountyfl.gov/ 319 East Anderson Ave, Bushnell, FL 33513 352-689-4400
Limitations
Credit Score Requirements
Based on 1st mortgage requirements.
Deferred Payments?
No
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:
Required
Is Forgivable?
No forgiveness
Location:
1 County: Sumter Property must be located in Sumter County
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 120% AMI guidelines Cannot exceed 120% AMI – Moderate Income Income adjusted annually by Florida Housing Finance Corporation, which uses HUD income limits
Maximum Assistance
$10,000 Maximum assistance $10,000 for all eligible income levels.
Education Requirements Info:
Applicants are required to participate in homeownership counseling provided by UF/IFAS extension office and provide a certificate of completion before closing.
Eligible Property Types:
Single Family Detached Condo Townhome/PUD
Income By Household Size:
HH1HH2HH3HH4HH5HH6HH7HH8 $63,360$72,360$81,360$90,360$97,680$104,880$112,080$119,280 *Income limits as of 05/09/2023
Qualifying Ratios:
Determined by first mortgage product or lender.
