SHIP First Mortgage Loan Program (FMLP)

SHIP First Mortgage Loan Program (FMLP) is sponsored by Palm Beach County. The SHIP First Mortgage Loan Program (FMLP) is listed as a current funding opportunity by Palm Beach County.

Housing & Economic Development Mortgage and Housing Investments Housing & Economic Development Housing & Economic Development Countywide Housing Dashboard Programs Currently selected Commission on Affordable Housing Community Development Programs Glades Region Master Plan Mortgage and Housing Investments Office of Small Business Development Mortgage and Housing Investments ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​ 2022 Annual Income Limits Chart ​ Program requests are subject to funding availability) First Mortgage Loan Program (FMLP) Provide up to $331,888 in direct financial assistance to income eligible individuals/households in the form of a repayable 1st mortgage loan to purchase an eligible single family home.

Maximum loan amounts are based upon established affordability guidelines and creditworthiness, based upon established underwriting guidelines. Purchase Assistance with/without Rehabilitation Funding up to $100,000 will be available to income eligible first-time homebuyers for purchase assistance with or without rehabilitation or new construction.

Funds will be used to assist with gap financing, lot acquisition, down payment, rehabilitation and closing costs. Funding will assist very low, low, and moderate income eligible homeowners who are facing foreclosure due to an unexpected loss of household income.

Funding will help homeowners avoid foreclosure by paying up to $20,000 in delinquent mortgage payments (PITI), including late fees, attorney’s fees, homeowners’ association payments, special assessments, other foreclosure associated costs, property taxes, and homeowners insurance, and mortage delinquency and default resolution counseling.

Funding up to $75,000 will assist income-eligible owner-occupied applicants (structure of one to four dwelling units) with substantial rehabilitation to correct code violations or incipient items that will become a code violation, eliminate housing conditions which threaten the life, health or safety of the occupants, connect residents to public utilities, and adept residence to meet accessibility needs.

Provide financial assistance up to $10,000 to very low and low income eligible single family homeowners for sewer and water connection system fees required by local water utilities and costs to install service lines from the meter to the primary residence. Funding will assist income-eligible owner-occupied applicants (up to $50,000) to address emergency conditions such as roofing, electrical, plumbing, or structural repairs.

Funds may also be awarded to pay insurance deductibles for any emergency repairs covered by the homeowner's policy. Funding up to $331,888 will assist income eligible homeowners residing in dilapidated structures that are beyond rehabilitation.

Eligible uses of funding include, but are not limited to, Demolition of the existing property; Construction cost of a replacement home on the same lot (or) purchase of an existing home; and Relocation costs (includes utility deposits, storage, and moving).

Financial assistance up to $65,000 for home repairs and $10,000 for rent and utility payments, will be provided to income eligible applicants in need of home repairs or rent and utility payments for households directly impacted by a disaster that is declared by Executive Order of the United States President, or the Governor of the State of Florida.

Developer Assistance Rental Housing This strategy will provide assistance up to $65,000 to developers and owners of affordable rental housing to construct or rehabilite affordable rental units. All State Housing Initiative Program (SHIP) assisted units must be occupied by income eligible families .

Single Family New Construction Funding up to $331,888 will be awarded to contractors, non-profits and for-profit housing developers to construct affordable single-family units for eligible first-time homebuyers. Funds can be used for site acquisition, soft costs, site development, infrastructre improvements, demolition, construction and other eligible construction related costs.

Provides financial assistance to very-low and low income applicants (up to $100,000) to acquire their first home (acquisition, acquisition/rehabilitation and new construction) For more information, contact Mortgage and Housing Investments at CARES Act - Mortgage Assistance Program Virtual Training Videos Commission on Affordable Housing C ommunity Land Trust of Palm Beach County Community Services Department ​ ​ Housing Rehabilitation Program Impact Fee Affordable Housing Assistance Program (IFAHAP) Guidelines ​ Mortgage and Housing Investments (HED division) Neighborhood Stabilization Program ​ Rental Entry Assistance Program (REAP) Workforce Housing - PBC Department of Planning, Zoning and Building​ ​Looking to buy or rent a Home?

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List={ListId}&ID={ItemId}') Mortgage and Housing Investments ​​ ​​ Workforce Housing Program​ (WHP)​ Homebuyer Match Pilot Program​ ​ Owner Occupied Housing Rehabilitation Program ​​ First Mortgage Loan Program (FMLP)​ HOME Investment Partnership First-​Time Homebuyer Program ​SHIP Purchase Assistance​​ ​ ​ Developer Rental Housing​ Single Family New Construction​ ______________________________________________________________________________________________ ​Verification of Employment Profit and Loss Statement (self-employed) ​ Uninsured Property Insurance Affidavit Eight (8) Hour Homebuyer Education Counseling Certification Form​ ​ Homeowners Payoff Request Form Mortgage Payoff Request Form​ Mortgage Subordination Request​ Form ​ ​For more information on these and other programs, please contact Antoinette Prescott at 561-233-3606 or aprescott@pbcgov.

org , ​or Megan Harp at 561-233-1294 or mharp@pbc. gov​ , or email us at HEDVerify@pbc. gov​ To drive a continuous improvement culture of excellence that achieves a measurably high level of public satisfaction.

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