SHIP Downpayment Assistance Programs for
Orlando area home mortgages and home loans
All Credit Lending 1-800-771-0031 x124
Seminole County Link for More Details
*2% interest and deferred paid loans are available for Very
Low Income borrowers up to $40,000
*2% interest and deferred paid loans are available for Low Income borrowers up
to $20,000
Maximum Sales Price
$160,000
Income Eligibility Guideline
Family Size Very Low
Income Low Income
1
$19,300
$30,850
2
$22,050
$35,250
3
$24,800
$39,650
4
$27,550
$44,100
5
$29,750
$47,600
6
$31,950
$51.150
7
$34,150
$54,650
8
$36,350
$58,200
Call office for family size over 8 persons
Orange County more details
Ranges from $5000 to $10,000 depending on household income and location of property
Very Low Income up to $10,000 Low Income $7,500 Moderate (Target Area) $5,000
Buyers must provide at least $1000 of their own funds
The assistance is provided to the buyer's title company at closing in the form of a soft second mortgage which is forgiven after 20 years if the home remains owner occupied
LTV cannot exceed 105% of appraised value and buyers must attend a post closing class
Homes can be new or existing in Orange county but must not be in Orlando city limits
New construction max sales price is $126,000 Existing home sales price max is $122,000
Buyers must obtain a fixed rate first mortgage
Homes must be fee simple ownership
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