St. Johns County SHIP Down Payment Assistance

What is St. Johns County SHIP Down Payment Assistance?

St. Johns County SHIP Down Payment Assistance is a deferred second loan for homebuyers in St. Johns County, Florida.

• St. Johns County provides up to $100,000 in deferred 0% SHIP assistance for eligible first-time homebuyers. Must live or work in St. Johns County 12+ months. $1,000 minimum buyer contribution. Max purchase price $400,000.
• Funding comes from State.

How much assistance does it provide?

St. Johns County SHIP Down Payment Assistance offers up to $100,000 in assistance.

• The program asks buyers to contribute $1,000.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

St. Johns County SHIP Down Payment Assistance 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 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?

St. Johns County SHIP Down Payment Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

St. Johns County SHIP Down Payment Assistance limits household income to 120% of the area median income, which varies by county and household size.

• Income up to 120% AMI for St. Johns 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?

St. Johns County SHIP Down Payment Assistance caps the purchase price at $400,000.

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

Where does it apply?

St. Johns County SHIP Down Payment Assistance serves buyers purchasing in St. Johns County, Florida.

How do you apply?

Applications for St. Johns County SHIP Down Payment Assistance go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 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.