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City of Lake Worth Beach SHIP Purchase Assistance

City of Lake Worth Beach SHIP Purchase Assistance is a deferred second loan for homebuyers in Lake Worth Beach, Florida.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course
  • A home inside Lake Worth Beach city limits

It doesn’t cover

  • Households above 80% of area median income
  • Homes outside Lake Worth Beach

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Income limit

80% of Palm Beach County’s area median income

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

$107,600
Area median income, 4-person household (HUD, 2026)
Income limits in Florida

How to apply

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

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

  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 homebuyer can take it to a lender or housing counselor.

Free course · 10 minCity of Lake Worth Beach SHIP Purchase Assistance, explained

Questions about this program

What is City of Lake Worth Beach SHIP Purchase Assistance?

City of Lake Worth Beach SHIP Purchase Assistance is a deferred second loan for homebuyers in Lake Worth Beach, Florida. City of Lake Worth Beach provides SHIP-funded purchase assistance for eligible first-time homebuyers within city limits. Funding comes from State.

Do you have to pay it back?

City of Lake Worth Beach SHIP Purchase Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, Refinance, and Transfer of Title. 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 Lake Worth Beach SHIP Purchase Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required.

What are the income limits?

City of Lake Worth Beach SHIP Purchase Assistance limits household income to 80% of the area median income, which varies by county and household size. Income at or below 80% AMI for Palm Beach County. 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 Lake Worth Beach SHIP Purchase Assistance can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of Lake Worth Beach SHIP Purchase Assistance serves homebuyers purchasing in Lake Worth Beach, Florida.

How do you apply?

Applications for City of Lake Worth Beach SHIP Purchase Assistance go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Lake Worth Beach homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 94 programs for Lake Worth Beach

Program terms are set by the administering agency and can change; confirm on the official site before you apply.