SHIP Down Payment Assistance Program

SHIP Purchase Assistance Program with Rehabilitation 2022 to 2023

The City of Deltona's Purchase Assistance, with Rehabilitation if applicable, is to assist eligible homebuyers with a need based deferred payment loan to be applied as gap-financing towards the down payment, interest rate buy-down, and/or principal reduction and rehabilitation, if applicable, for the purchase of eligible housing. Eligible housing types under this strategy include existing and newly constructed homes; mobile homes are not eligible. The program is funded through federal and state grants and implemented by the Community Development Department.

Limitations on a home purchase, Maximum Assistance:

Income Limit LevelMax Purchase AssistanceMax Rehab Assistance
Very Low$60,000$15,000
Low$55,000$15,000
Moderate$50,000$15,000
  • Home location: Deltona, FL

Eligibility Requirements

  • Applicants must not have owned a home within the last three years, filed for bankruptcy in the last two years, or defaulted on a mortgage within the last seven years preceding the application for SHIP Purchase Assistance.
  • Total household annual gross income must not exceed the annual amounts, as determined by HUD and FHFC. The following are the limits for the 2023 AMI:
Household SizeVery LowLowModerate
1$27,100$43,350$65,040
2$31,000$49,550$74,400
3$34,850$55,750$83,640
4$38,700$61,900$92,880
5$41,800$66,900$100,320
6$44,900$71,850$107,760

Program Requirements

  • Applicants must secure a first mortgage in the maximum amount for which they can afford with a fixed interest rate and no pre-payment penalty.
  • Applicants must be credit ready and have sufficient income tor first mortgage financing.
  • Applicants must attend and complete a Homebuyer Education Counseling course provided by or approved by the City.
  • Applicants who qualify for SHIP Purchase Assistance must contractually agree to all SHIP Program guidelines and the City of Deltona requirements, recapture provisions, and certify that the unit assisted will be their principal residence.

City of Deltona Community Development Department
State Housing Initiative Partnership (SHIP) 2021 to 2022
30 Day Notice of Funding Availability (NOFA) Down Payment Assistance Program

The City of Deltona has received notice of award in the amount of $600,000 in SHIP funding. Beginning October 5, 2021 applications will be accepted from citizens for the Down Payment Assistance Program.  Applications will be accepted from October 5, 2021 to June 30, 2022, or until all funds for this strategy have been expended. Please note that applications will only be accepted as long as budgeted funds for the strategy are available. The City of Deltona may expend SHIP funds for program years 2020-2021 and 2021-2022 under the following Local Housing Assistance Plan (LHAP) strategy:

  • Down Payment Assistance Program

The request for approval of this update to the current funding strategy was presented to the City Commission, on August 16, 2021 at the regularly scheduled Commission Meeting. Applications for this strategy will be available beginning October 5, 2021 from 9 am to noon in the City Commission Chambers located at City Hall.  City staff will be available to review and assist applicants with the application process. The detailed requirements for this strategy can be viewed on the City of Deltona Community Development’s webpage.  For additional program information, please call Community Development at 386-878-8620 or email Community Development.

Written correspondence may be mailed to:

City of Deltona
Housing and Community Development
2345 Providence Boulevard Deltona, FL 32725

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