Program Snapshot
The 2026 Sumter County program offers significant support for first-time buyers. Here is exactly what is available.
Up to $20,000
Maximum assistance available for down payment and closing costs to reduce your cash-to-close.
0% Interest Rate
Recorded subordinate mortgage with a 0% interest rate. 20-year amortized loan term.
Property Types
Eligible for newly constructed or existing site-built homes only (no mobile/modular).
Who Qualifies?
- Must be a First-Time Homebuyer (per HUD definition).
- Must occupy the home as your primary residence.
- Purchase price cannot exceed $510,939.
- Must qualify for a fixed-rate first mortgage.
Important Note
The county website currently shows the application cycle is CLOSED. We help you prepare for the next opening in 2026 or explore alternative funding.
Income Limits (Moderate Cap)
| Household Size | Max Income |
|---|---|
| 1 Person | $80,280 |
| 2 People | $91,800 |
| 3 People | $103,320 |
| 4 People | $114,720 |
| 5 People | $123,960 |
| 6 People | $133,080 |
| 7 People | $142,320 |
| 8 People | $151,440 |
Understanding the SHIP Funding Strategy
The Sumter County Down Payment Assistance program utilizes State Housing Initiatives Partnership (SHIP) funds. It is crucial to understand that this is a loan, not a grant, designed to make homeownership affordable.
Subordinate Mortgage
The $20,000 assistance is recorded as a second mortgage (subordinate lien) on your property. This means you will have two mortgages: your primary bank loan and this county loan.
Repayment Terms
Repayment is required. The loan is amortized over 20 years (240 months) with a 0% interest rate. There is no prepayment penalty, and the loan is not forgivable.
Your Path to Homeownership Starts Here
How the Process Works
Navigating government assistance can be complex. Here is the typical roadmap for Sumter County.
Check Eligibility & Pre-Approval
Verify your income against the limits and get pre-approved for a first mortgage. Owner financing is not allowed.
Housing Services Appt
Call Housing Services to obtain the application and schedule an appointment. A pre-approval letter is required at this stage.
Counseling & Closing
Complete the UF/IFAS Extension homebuyer counseling. Once approved, you typically have 90 days to close.
Frequently Asked Questions
What is the definition of a First-Time Homebuyer?
According to HUD guidelines used by Sumter County, a first-time homebuyer is generally defined as someone who has not owned a principal residence during the three-year period ending on the date of purchase of the property.
Can I use this program to buy a Mobile Home?
No. The Sumter County DPA program is restricted to newly constructed or existing site-built homes. Mobile, manufactured, and modular homes are not eligible for this assistance.
Are the funds forgiven after a certain number of years?
No. Unlike some other county programs, the Sumter County 2026 LHAP guidelines state that this is a 20-year amortized loan. Monthly payments are required, and the principal must be repaid.
How quickly do I need to close?
Once you are approved for the funds, you generally have a strict 90-day window to close on your new home. It is vital to have your first mortgage pre-approval ready before applying.