City of Deltona SHIP Down Payment Assistance Program

What is City of Deltona SHIP Down Payment Assistance Program?

City of Deltona SHIP Down Payment Assistance Program is a forgivable loan for homebuyers in Deltona, Florida.

• City of Deltona provides income-tiered SHIP DPA: Very Low ≤50% AMI up to $60,000; Low ≤80% AMI up to $55,000; Moderate ≤120% AMI up to $50,000; Essential Service Personnel up to 140% AMI. Up to $20,000 can cover eligible repairs. 30-year deferred forgivable.
• Funding comes from State.

Do you have to pay it back?

City of Deltona SHIP Down Payment Assistance Program is forgiven after 30 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, Refinance, and No longer primary within 30 years.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of Deltona SHIP Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of Deltona SHIP Down Payment Assistance Program limits household income to 140% of the area median income, which varies by county and household size.

• Very Low ≤50% AMI: $60,000; Low ≤80% AMI: $55,000; Moderate ≤120% AMI: $50,000. Essential Service Personnel: up to 140% AMI.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of Deltona SHIP Down Payment Assistance Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of Deltona SHIP Down Payment Assistance Program serves buyers purchasing in Deltona, Florida.

How do you apply?

Applications for City of Deltona SHIP Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.