Down Payment Assistance

This program provides funding to assist eligible first time homebuyers with down payment and closing costs, as well as home repairs necessary to meet minimum housing code.

S.H.I.P. Down Payment Assistance Brochure​

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You may qualify for up to $7,500 in downpayment and closing cost assistance through the Escambia County Housing Finance Authority. Click here to learn more.

Frequently Asked Questions


How do I Qualify
How do I Qualify

​In order to qualify, you must meet the following criteria:​

  • Be a first-time home buyer as defined by the applicable program.
  • Have successfully completed a SHIP-certified or equivalent Homebuyer Education Class Schedule 18 19.pdfHomebuyer Education Class Schedule.pdf​​ prior to closing.
  • Be qualified for an affordable first mortgage through a 2017-18 SHIP  Certified Lenders June 2018.pdflist of lenders.
  • Must obtain a home inspection from an approved inspection service​.​
  • Meet other requirements depending on funding source.
  • True
    What income category does the program serve?
    What income category does the program serve?

    Very Low, Low Income, and Moderate Income depending upon funding availability.​

    False
    What are the award limits?
    What are the award limits?

    Maximum loan is subject to available funding.​

    False
    What are the terms of the loan?
    What are the terms of the loan?

    Funding is provided in the form of a 10 year deferred second mortgage. Mortgage is due on sale, refinance or transfer of property, or satisfaction of term.​

    False
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