Collier County SHIP Purchase Assistance

What is Collier County SHIP Purchase Assistance?

Collier County SHIP Purchase Assistance is a deferred second loan for homebuyers in Collier County, Florida.

• Collier County provides up to $75,000 in deferred 0% interest SHIP loan for eligible homebuyers. 30-year term with no monthly payment. Available throughout Collier County including Naples, Marco Island, and Everglades City.
• Funding comes from State.

Do you have to pay it back?

Collier County SHIP Purchase Assistance 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-year term.
• 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?

Collier County SHIP Purchase Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Collier County 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 Collier 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?

Collier County SHIP Purchase Assistance can be used for Single Family, Condo, and Townhouse.

Is there eligibility for specific groups?

Collier County SHIP Purchase Assistance names educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Collier County SHIP Purchase Assistance serves buyers purchasing in Collier County, Florida.

How do you apply?

Applications for Collier County SHIP Purchase Assistance 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.