City of Lauderhill SHIP Purchase Assistance Program
Funding status: Active
How much assistance
Up to $75,000 depending on household income tier (Zero-Interest Loan)
Deferred loan at zero percent interest, secured by a mortgage and note. Forgiveness terms based on continued owner-occupancy.
Eligibility
- Income limits: Household income must be at or below 120% of Area Median Income (AMI). Assistance is provided across 50%, 80%, and 120% AMI tiers based on household size.
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Geographic restrictions: Property must be within the City of Lauderhill.
- Homebuyer education required: Yes
How to Apply for City of Lauderhill SHIP Purchase Assistance Program
Step 1: Contact the City of Lauderhill Housing and Grants Division. Complete a HUD-approved homebuyer education course approved by the City of Lauderhill. Applicants must contribute at least 3% of the purchase price toward the down payment, with at least 1% from personal funds. Cash value assets cannot exceed $40,000 after closing.
Notes
Funded through State Housing Initiatives Partnership (SHIP) funds. Assists first-time homebuyers with down payment and closing costs for newly constructed and existing single-family homes or condominiums.