This program provides funds for down payment and closing costs associated with purchasing a home. Additional assistance may be available to applicants with very-low income.

PROPERTIES ELIGIBLE FOR PURCHASE:

«      Single family home, townhouse, or condominium

« Total purchase price cannot exceed $189,682 for new and existing homes. Exact purchase price will be determined by your personal income and debts.

«      Property must be located within Marion County, but outside the city limits of Ocala.

THINGS TO THINK ABOUT BEFORE APPLYING
FOR ASSISTANCE:

«     You will have out of pocket expenses (deposit with builder/realtor,  application fee to bank, and money to cover your taxes and insurance). We estimate you will need up to $1,500.

«     SHIP will place a 0%, 30 year deferred mortgage on your home. Payment is not due until sale, refinance or if the home does not remain your primary residence.

«     You will need to clear any credit problems you may have. Our lenders require 1 year of no late payments, all collections, judgments, and charge offs must be paid in full and bankruptcies must be discharged for at least two years with re-established credit.

«      You will need to have one year on the job or in the same field or a verifiable source of continuous income.

«      Do not sign a  contract until you receive approval from the SHIP Program.

«   Marion  County's  Homeownership  Training   Courses is required prior to funding approval.

 For additional information see the Purchase Assistance Brochure:
Purchase Assistance Brouchure (pdf)

           Download the Purchase Assistance Application (pdf)