Orange County Down Payment Assistance - SHIP

Real Estate Broker/Owner with LemonTree Realty

As many first time home buyers start to realize now is the time to buy most ask what kind of assistance programs are out there for me. If you read my previous blogs on FHA Loans and Nehemiah Down Payment Assistance you will see just a couple of options.


All counties in Central Florida have a SHIP program however most of them run out of money very quickly at the start of the counties fiscial year. October 1 for Seminole County. Currently Volusia County and Orange County are the other two left with funds. While Seminole county will hand out more money Orange County has a nice down payment assistance program.


Who Qualifies 

First time home buyers. A person who has not owned a home in 3 years or a displaced homemaker.


Income Limits 


Household Size        Very Low        Low        Moderate

1                            $20,100     $32,150        $48,200

2                            $22,950     $36,700        $55,080

3                            $25,850     $41,300        $62,040

4                            $28,700     $45,900        $68,880

5                            $31,000     $49,500        $74,400


You must have a loan commitment, meaning you are financially able to afford a loan.

The properties new or resale home cannot exceed a $219,000 sales price

Must have fee simple ownership over property.

Assistance is available up to $35,000 depending on financial need. 


First steps to finding out more about these programs are to work with a Realtor such as myself who fully understand the ins and outs of SHIP and who can help ensure a smooth deal. If you are ready to purchase a home and think you could benefit from SHIP contact me today. 

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Heather Unger, GRI, NRBA, CLHMS, CDPE, WinDs

RE/MAX Central Realty     (407) 810-6304

Our Team Specializes in Luxury Real Estate, First Time Home Buyers, Short Sales, Bank Owned Real Estate, REO & Foreclosure Properties

Servicing Real Estate Needs in: Lake Mary, Longwood, Winter Springs, Sanford, Altamonte Springs, Oviedo, Orlando, Downtown Orlando, Thornton Park, College Park, Winter Park, Maitland, Windermere, UCF, Lake Nona, Baldwin Park, Apopka, Ocoee & Winter Garden



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Is orange county currently out of SHIP funds.  I have head they are until Oct. '08.  Can anyone confirm this.  If so what should be the steps to insure I am able to get the funds before they run out again.

Jun 25, 2008 09:16 AM #1
Mac McGrath
Keller Williams Realty of Plant City-The McGrath Group - Plant City, FL

What does the acronym SHIP stand for? I am a commercial agent and have heard it spoken in the residential circles, however, have yet to ask.

Thank You.

Jul 02, 2008 01:53 PM #2
Heather the Realtor Orlando, Lake Mary
LemonTree Realty - Orlando, FL
First Time Home Buyers, Bank Owned Homes

State Housing Initiative Partnership

Jul 02, 2008 01:56 PM #3
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Heather the Realtor Orlando, Lake Mary

First Time Home Buyers, Bank Owned Homes
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