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Escambia County SHIP First-Time Homebuyer Program

Escambia County, Florida

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Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is Escambia County SHIP First-Time Homebuyer Program?

Escambia County SHIP First-Time Homebuyer Program is a forgivable loan for homebuyers in Escambia County, Florida.

  • Escambia County (jointly with City of Pensacola) provides up to $45,000 in 10-year forgivable SHIP loan for eligible first-time homebuyers. Monitor for new funding cycles when current allocation is exhausted.
  • Funding comes from State.

Do you have to pay it back?

Escambia County SHIP First-Time Homebuyer Program is forgiven after 10 years, so a buyer 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.

Who qualifies?

Escambia County SHIP First-Time Homebuyer Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course

The program excludes

  • Households above 120% of area median income

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

What are the income limits?

Escambia County SHIP First-Time Homebuyer Program limits household income to 120% of the area median income, which varies by county and household size.

  • Income up to 120% AMI for Escambia 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?

Escambia County SHIP First-Time Homebuyer Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Escambia County SHIP First-Time Homebuyer Program serves buyers purchasing in Escambia County, Florida.

How do you apply?

Applications for Escambia County SHIP First-Time Homebuyer Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  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 buyer can take it to a lender or housing counselor.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

Escambia County SHIP First-Time Homebuyer Program, explained

A short, free course on Escambia County SHIP First-Time Homebuyer Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

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