Eligibility & Limitations

Applicants must submit a completed SHIP application for determination of income eligibility. SHIP assistance will only be provided for the purchase of site built homes in Sumter County that will be owner-occupied and used as the primary residence. Mobile and manufactured homes are not eligible for assistance. Prospective homebuyers must qualify as a First Time Homebuyer under the HUD definition. Applicants must secure a first mortgage with a fixed interest rate for the entire term of the loan. 
To be eligible, you must also be at or below the following Moderate Income levels:
  • One person - $50,040
  • Two persons - $57,120
  • Three persons- $64,320
  • Four persons- $71,400
  • Five persons - $77,160
  • Six persons - $82,920
  • Seven persons - $88,560
  • Eight persons - $94,320
Recipients of Purchase Assistance without Rehabilitation will not be eligible for any other SHIP assistance for a period of twenty years and only if the outstanding balance is paid, except for a disaster. 
  • Maximum new home sales price - $175,000
  • Maximum existing home sales price - $150,000
  • Maximum assistance: $10,000 for all income levels