Port St. Lucie's SHIP plan allows up to $103,500 in forgivable purchase help, including on community land trust homes.
What does Port St. Lucie's purchase assistance include?
The City of Port St. Lucie Neighborhood Services department holds a Local Housing Assistance Plan, approved by Florida Housing, that includes Home Purchase Assistance of up to $103,500 for very low to moderate income buyers. Community land trust homes are eligible. The loan is 0% and deferred, but forgiveness depends on income: very low and low income buyers have a 10-year term with 10% forgiven each year, while moderate income buyers have a 30-year term forgiven at 1/30 per year.
If you buy an existing home, at least $2,500 in rehab must be done within 12 months. Status was not confirmed on a City page, so treat it as funding-dependent and contact Neighborhood Services before you write an offer. Moderate income buyers in particular should weigh the 30-year schedule: if you sell or refinance early, most of the balance is still owed. Very low and low income buyers, by contrast, see the full balance gone after 10 years of living in the home. Budget for the required rehab work when you pick a resale home, and get repair estimates before closing so the $2,500 minimum is easy to meet within the first year.
St. Lucie County's own SHIP Purchase Assistance lists up to $125,000 ($100,000 for down payment and closing plus $25,000 for repairs) and is also funding-dependent, so Port St. Lucie buyers should ask which office covers their address. Teachers in St. Lucie Public Schools and Port St. Lucie Police staff can look at Florida Hometown Heroes, and the Homeownership Pool is another statewide option. Read the St. Lucie County guide for county limits, or use the program finder.
Buyers in Port St. Lucie also have 3 statewide programs to draw on, Florida Hometown Heroes Housing Program among them. Browse every Florida program or let the program search narrow it down.
Nearly every down payment program makes you finish a homebuyer class before closing. These HUD-approved agencies around St. Lucie County teach one or offer one-on-one counseling before you buy.
Agency
Based in
How far
What they offer
Languages
How they meet
Real Estate, Education and Community Housing, Inc.
From HUD's list of housing counseling agencies. A given program may accept only certain classes.
Which class counts for you? Your loan officer knows which courses each Florida program accepts and can start your pre-approval in the same conversation. Start with the 2-minute check
Port St. Lucie, asked and answered
How much is Port St. Lucie purchase assistance?
Up to $103,500 under the City's SHIP plan, as a 0% deferred loan.
How is Port St. Lucie's loan forgiven?
Very low and low income buyers: 10-year term, 10% forgiven each year. Moderate income buyers: 30-year term, 1/30 forgiven each year.
Are community land trust homes eligible in Port St. Lucie?
Yes, the City's plan includes community land trust homes.
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