SHIP First Time Home Buyer Programs

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 obtain affordable housing. SHIP Funds are allocated annually.

Two programs are available to first time homebuyers under the SHIP Program.

* Under the SHIP First Time Home Buyers Program, eligible low and moderate families may qualify for up to $15,000 for down payment and closing cost assistance who, otherwise, qualify for bank or private first mortgage financing. The monies are offered in the form of a grant, which is a forgivable loan.

* The SHIP Infill Housing Development Program uses vacant or abandoned properties located within designated City redevelopment targeted areas as sites for the development of new affordable homes. Eligible low and moderate families may qualify up to a maximum of $35,000 for a principale mortgage reduction loan.

Applicants must meet program eligibility requirements.