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Town of Davie SHIP Purchase Assistance

Davie, Florida

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Assistance

$90,000

The maximum the program publishes — not an offer

Income limit

120% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 10 years

What is Town of Davie SHIP Purchase Assistance?

Town of Davie SHIP Purchase Assistance is a deferred second loan for homebuyers in Davie, Florida.

  • Town of Davie provides up to $90,000 in deferred 0% interest SHIP loan for eligible homebuyers within town limits.
  • Funding comes from State.

How much assistance does it provide?

Town of Davie SHIP Purchase Assistance offers up to $90,000 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?

Town of Davie SHIP Purchase Assistance is forgiven after 10 years, so a buyer who stays that long does not repay it.

  • 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?

Town of Davie SHIP Purchase Assistance 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 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?

Town of Davie 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 Broward 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?

Town of Davie SHIP Purchase Assistance can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Town of Davie SHIP Purchase Assistance serves buyers purchasing in Davie, Florida.

How do you apply?

Applications for Town of Davie SHIP Purchase Assistance 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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Town of Davie SHIP Purchase Assistance, explained

A short, free course on Town of Davie SHIP Purchase Assistance: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

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