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Palm Beach County SHIP Purchase Assistance Program

Palm Beach County, Florida

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Assistance

$100,000

The maximum the program publishes — not an offer

Income limit

140% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is Palm Beach County SHIP Purchase Assistance Program?

Palm Beach County SHIP Purchase Assistance Program is a deferred second loan for homebuyers in Palm Beach County, Florida.

  • Palm Beach County provides up to $100,000 in 0% interest deferred second mortgage assistance for eligible homebuyers. Loan is forgiven at end of the 30-year term if primary residency is maintained.
  • Funding comes from State.

How much assistance does it provide?

Palm Beach County SHIP Purchase Assistance Program offers up to $100,000 in assistance.

  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

Palm Beach County SHIP Purchase Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • 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?

Palm Beach County SHIP Purchase Assistance 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
  • Citizenship or immigration status: U.S. Citizen or Permanent Resident

The program excludes

  • Households above 140% 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?

Palm Beach County SHIP Purchase Assistance Program limits household income to 140% of the area median income, which varies by county and household size.

  • Income up to 120% AMI for Palm Beach County. Limits vary by household size.
  • 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?

Palm Beach County SHIP Purchase Assistance Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Palm Beach County SHIP Purchase Assistance Program serves buyers purchasing in Palm Beach County, Florida.

How do you apply?

Applications for Palm Beach County SHIP Purchase Assistance 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

Palm Beach County SHIP Purchase Assistance Program, explained

A short, free course on Palm Beach County SHIP Purchase Assistance Program: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from June 2026. About ten minutes.

5 modules · About 10 minutes

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