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 - $56,160
  • Two persons - $64,200
  • Three persons- $72,240
  • Four persons- $80,160
  • Five persons - $86,640
  • Six persons - $93,000
  • Seven persons - $99,480
  • Eight persons - $105,840


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 - $200,000
  • Maximum existing home sales price - $185,000
  • Maximum assistance: $10,000 for all income levels