Single-family homes and condominiums are eligible for purchase under the SHIP down payment program, locally known as the Cornerstone Program. The maximum purchase price for a home is $204,432.

Up to $20,000 in assistance can be provided based on funding availability and household income. Call to determine current income requirements and funding availability.

Assistance will be provided in the form of a deferred payment loan with zero percent interest. The loan is payable in full after 30 years. Additional terms render the loan due if the home is no longer used as the primary residence of the applicant, is used for rental housing, is sold, or is refinanced.

All homes not constructed within the 12 months prior to closing are required to have at least $500 in rehab work done. The cost of these repairs will be included in the maximum award for down payment assistance. Closing costs are also included in the loan amount when the lender approves.

We offer financial assistance to all those who qualify for this program in Charlotte County Florida.

Equal Housing Opportunity Disclaimer:
In accordance with Chapter 91-37.014, Florida Administrative Code, neither Charlotte County nor the Housing Corporation of Charlotte County, shall discriminate on the basis of race, creed, religion, color, age, sex, familial status, national origin or handicap in the selection of recipients of contracts or assistance under the SHIP program.