Sumter County SHIP Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $20,000 (Deferred Loan)
0% interest deferred loan secured by a recorded subordinate mortgage and promissory note. Repayment is due upon sale, refinance, transfer, or if the home is no longer the primary residence.
Eligibility
- Income limits: At or below moderate income levels as defined by the Florida Housing Finance Corporation
- Purchase price limit: $510,939
- First-time buyer required: Yes — Must qualify as a first-time homebuyer under the HUD definition (have not owned a home in the past 3 years).
- Geographic restrictions: Must purchase within Sumter County.
- Homebuyer education required: Yes
How to Apply for Sumter County SHIP Down Payment Assistance Program
Step 1: Applications are accepted during open enrollment periods. Visit the Sumter County website or contact the Housing office for current application cycle dates. Applicants must complete a HUD-approved homebuyer education course.
Notes
Funded through SHIP. Eligible costs include down payment, closing costs, first mortgage buy-down, surveys, appraisals, and inspections. Mobile, manufactured, and modular homes are NOT eligible. Application cycle is seasonal and may be closed at times.