Levy County SHIP Purchase Assistance

Levy County SHIP Purchase Assistance is a forgivable loan for homebuyers in Levy County, Florida. Levy County provides 0% interest deferred-payment SHIP loan secured by second mortgage. Forgiven after affordability period if occupancy maintained. FY2025-2026 pool approximately $359,000. Funding comes from State.

Levy County SHIP Purchase Assistance is a forgivable loan, so the balance is forgiven once the program's conditions are met. Repayment is triggered by Sale, Refinance, and No longer primary within compliance period. 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.

Levy County 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.

Levy 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 Levy 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.

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

Levy County SHIP Purchase Assistance serves homebuyers purchasing in Levy County, Florida.

Applications for Levy County 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.