hey prescott.
See what you qualify for

Pasco County SHIP Down Payment Assistance Program

Pasco County, Florida

Last verified
See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

Price cap

$330,000

Highest purchase price the program allows

Repayment

Forgivable

Forgiven once the program's conditions are met

What is Pasco County SHIP Down Payment Assistance Program?

Pasco County SHIP Down Payment Assistance Program is a forgivable loan for homebuyers in Pasco County, Florida.

  • Pasco County provides income-tiered DPA: Very Low (≤50% AMI) up to $65,000 deferred 30 yrs then forgiven; Low (≤80% AMI) up to $50,000 deferred 30 yrs then forgiven; Moderate (≤120% AMI) up to $35,000 deferred 5 yrs then monthly payments begin. Max purchase price $330,000.
  • Funding comes from State.

Do you have to pay it back?

Pasco County SHIP Down Payment Assistance Program is a forgivable loan, so the balance is forgiven once the program's conditions are met.

  • Repayment is triggered by Sale, Refinance, and Transfer of Title.
  • 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?

Pasco County SHIP Down Payment 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

  • Purchases above the $330,000 price cap
  • Households above 80% 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?

Pasco County SHIP Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size.

  • Very Low ≤50% AMI: $65,000; Low ≤80% AMI: $50,000; Moderate ≤120% AMI: $35,000.
  • 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?

Pasco County SHIP Down Payment Assistance Program caps the purchase price at $330,000.

  • Eligible property types include Single Family, Condo, and Townhouse.

Where does it apply?

Pasco County SHIP Down Payment Assistance Program serves buyers purchasing in Pasco County, Florida.

How do you apply?

Applications for Pasco County SHIP Down Payment 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.

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs