City of Winter Haven SHIP Purchase Assistance

City of Winter Haven SHIP Purchase Assistance is a forgivable loan for homebuyers in Winter Haven, Florida. City of Winter Haven provides up to $60,000 in forgivable 0% interest SHIP assistance for eligible first-time homebuyers within city limits. Funding comes from State.

City of Winter Haven SHIP Purchase Assistance is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within 10 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.

City of Winter Haven 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. The program lists a minimum credit score of 620. A homebuyer education course is required.

City of Winter Haven SHIP Purchase Assistance limits household income to 120% of the area median income, which varies by county and household size. Income up to 120% AMI for Polk 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.

City of Winter Haven SHIP Purchase Assistance can be used for Single Family, Condo, and Townhouse.

City of Winter Haven SHIP Purchase Assistance serves homebuyers purchasing in Winter Haven, Florida.

Applications for City of Winter Haven 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.