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Taylor County SHIP First-Time Homebuyer DPA

Taylor County, Florida

Last verified
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Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 5 years

What is Taylor County SHIP First-Time Homebuyer DPA?

Taylor County SHIP First-Time Homebuyer DPA is a forgivable loan for homebuyers in Taylor County, Florida.

  • Taylor County provides SHIP second mortgage (5-year term) with prorated forgiveness for eligible homebuyers in Perry and surrounding Taylor County. Monitor for funding availability.
  • Funding comes from State.

Do you have to pay it back?

Taylor County SHIP First-Time Homebuyer DPA is forgiven after 5 years, so a buyer 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?

Taylor County SHIP First-Time Homebuyer DPA 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

The program excludes

  • Households above 120% 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?

Taylor County SHIP First-Time Homebuyer DPA limits household income to 120% of the area median income, which varies by county and household size.

  • Income up to 120% AMI for Taylor 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?

Taylor County SHIP First-Time Homebuyer DPA can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Taylor County SHIP First-Time Homebuyer DPA serves buyers purchasing in Taylor County, Florida.

How do you apply?

Applications for Taylor County SHIP First-Time Homebuyer DPA 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.

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