I imagine most people who hear about the Orlando SHIP program have no idea what it stands for!
Here is the actual program name for Orlando SHIP:
State Housing Initiatives Partnership
Here is the basics on the Orlando SHIP program for Orlando home buyers:
Orlando SHIP assistance benefits very-low, low, and moderate-income households. To encourage economic diversity, Orlando encourages the use of SHIP funds for moderate-income housing activities in geographic areas a concentration of very-low & low-income households exists.
What an Orlando home buyer can expect from this program:
How much money can an Orlando home buyer receive for the Orlando SHIP program?
Depending on gross household income, assistance may be $10,000, $20,000 or $30,000!
What if I am an Orlando teacher, Orlando police officer, or Orlando firefighter?
You may qualify for $20,000 of assistance dependent upon income! You do not even have to be a first time home buyer!
I am a City of Orlando employee. What about me?
You also qualify for $20,000 of assistance dependent upon income! First time homebuyer qualification is not necessary either!
What is the catch to this Orlando SHIP Program?
You must occupy the property as a principal residence for at least ten (10) years. Your down payment assistance becomes a grant once the period of affordability has been satisfied.
Where can I purchase a home with the Orlando SHIP Program?
This is an easy one! The property must be in the City limits of Orlando.
If you would like information on this First Time Home Buyer Program or others please call your local Orlando Realtor Staples at (407) 619-6249.