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Lee County SHIP - CDBG Purchase Assistance

Lee County SHIP - CDBG Purchase Assistance is a forgivable loan for homebuyers in Lee County, 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 minimum 620 credit score
  • A completed homebuyer education course
  • A home in Lee County

It doesn’t cover

  • Households above 80% of area median income
  • Homes outside Lee County

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 Lee 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.

$105,700
Area median income, 4-person household (HUD, 2026)
Income limits in Florida

Where it applies

Lee County’s homes

  • 55.4% single-family
  • 6.8% townhouse
  • 7.3% 2–4 units
  • 21.2% 5+ units
  • 9.3% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$362,200

Lee County median home value

19.7%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Lee County

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 minLee County SHIP - CDBG Purchase Assistance, explained

Questions about this program

What is Lee County SHIP - CDBG Purchase Assistance?

Lee County SHIP - CDBG Purchase Assistance is a forgivable loan for homebuyers in Lee County, Florida. Lee County CDBG-funded purchase assistance providing up to $75,000 forgivable loan for eligible homebuyers. Forgiven after 5 years of continuous owner-occupancy. Funding comes from Federal.

Do you have to pay it back?

Lee County SHIP - CDBG Purchase Assistance is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, Refinance, and No longer primary within 5 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?

Lee County SHIP - CDBG 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.

What are the income limits?

Lee County SHIP - CDBG 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 Lee 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?

Lee County SHIP - CDBG Purchase Assistance can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Lee County SHIP - CDBG Purchase Assistance serves homebuyers purchasing in Lee County, Florida.

How do you apply?

Applications for Lee County SHIP - CDBG 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 Lee County homebuyers

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

All 88 programs for Lee County

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