Deferred second loan
City of Palm Bay SHIP Purchase Assistance
First-time homebuyers · Income limits · Single Family · Condo · Townhouse
Down payment assistance · Brevard County
Buying a home in Palm Bay, FL
1 Palm Bay program, 2 county programs and 26 statewide.Palm Bay has 1 program of its own, 2 more across Brevard County, and 26 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Palm Bay addresses
Palm Bay’s own program
Anywhere in BrevardAnywhere in Brevard County
2 county programs2 county programs a Palm Bay homebuyer can also use
3 more programs are for homes in Cocoa, Melbourne and Titusville. See them 3 programs in neighboring cities — for homes inside those cities, not Palm Bay
- Cocoa — City of Cocoa Purchase Assistance
- Melbourne — City of Melbourne SHIP Down Payment Assistance
- Titusville — City of Titusville First-Time Homebuyer Program
The Palm Bay marketThe Palm Bay housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Palm Bay
- 83.5% single-familysingle-family
- 1.9% townhousetownhouse
- 3.2% 2–4 units2–4 units
- 8.1% 5+ unitscondo & apartment buildings (5+ units)
- 3.3% mobile & othermobile home & other
Condos count. 2 of Palm Bay’s 3 local and county programs accept condos. Habitat for Humanity of Brevard County lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Palm Bay’s homes were built
pre-19401970s2020+
12.9%
of Palm Bay homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$97,000
County area median income, 4 people (HUD)HUD area median income, Brevard County, 4-person household (2026)
$72,614
Palm Bay median household incomeMedian household income in Palm Bay (Census, 2024)
30 of the 91 programs here set their income limit as a share of Brevard County’s area median income, adjusted for household size. See the published limits for Brevard County
Free help nearbyFree help near Palm Bay
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
3 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 3 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Florida and nationwide
88 statewide & federal programs26 statewide programs, plus federal options
Palm Bay questions
Does Palm Bay have its own down payment program?
Yes, one: City of Palm Bay SHIP Purchase Assistance, a deferred second loan for first-time homebuyers (income limits). It is for homes inside Palm Bay.
Can I use assistance on a condo in Palm Bay?
2 of Palm Bay’s 3 local and county programs accept condos. Habitat for Humanity of Brevard County lists single family. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Brevard County?
Each program sets its own. 30 of the programs here set theirs as a share of HUD’s area median income for Brevard County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Palm Bay?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Palm Bay. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
32905 · 32906 · 32907 · 32908 · 32909 · 32910 · 32911
Nearby in Brevard
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.