01/28/2022
Home Buyer Programs
SHIP PROGRAM
The City of Pensacola and Escambia County jointly participate in the State Housing Initiatives Partnership (SHIP) Program, referred to as the SHIP First-Time Home Buyers Program. The program is designed to assist families in obtaining affordable housing.
Eligible low- and moderate-income families, who otherwise qualify for bank or private first mortgage financing, may qualify for up to $7,500 down payment and closing cost assistance. The monies are offered in the form of a grant, which is a forgivable loan.
PROGRAMS REQUIREMENTS:
Applicant(s) cannot have owned a home or had ownership interest in homesteaded property in the last three years
Applicant’s total household income must be within the maximum income eligibility limits
Applicant(s) must have satisfactory credit history to secure the home loan
Must attend an eight (8) hour HUD certified home buyer education class prior to closing
