Put up to $25,000 toward an eligible home purchase in Calhoun County. This 0% assistance loan is forgiven 20% each year over five years when program requirements are met.
*Verification of eligibility required.
Calhoun County's SHIP purchase assistance helps first-time buyers cover eligible homebuying costs, including qualifying repairs when needed.
Very Low Income
Up to $25,000 for an eligible home purchase.
Low Income
Up to $15,000 for an eligible home purchase.
Moderate Income
Up to $10,000 for an eligible home purchase. Qualifying rehabilitation is included within the award, not added on top.
A clear path from your mortgage review to your new home in Calhoun County.
Begin with a lender review of your income, credit, and mortgage budget.
Gather household income, asset, and mortgage documents for your purchase-assistance application.
Submit your purchase-assistance application through the Apalachee Regional Planning Council housing program.
The administrator reviews the property and any required repairs before approving assistance for closing. Awards depend on eligibility and available funds.
Calhoun County assistance helps cover the gap between your savings and the cost of buying an eligible home. Its five-year forgiveness schedule rewards continued primary occupancy and compliance.
Apply approved assistance to eligible costs of purchasing your home.
Qualifying rehabilitation can be part of your total purchase-assistance award.
Twenty percent of the original loan is forgiven each year while program requirements are met.
Answers for homebuyers in Calhoun County.
The maximum purchase award is $25,000 for very low-income households, $15,000 for low-income households, and $10,000 for moderate-income households. Eligible repairs count toward the same award limit.
The assistance is a 0% deferred mortgage with a five-year term. Twenty percent is forgiven annually while you comply with the program. A default can make the remaining unforgiven balance due.
It serves eligible first-time homebuyers purchasing a primary residence in Calhoun County. Applicants must meet household income limits, qualify for a first mortgage, and purchase an eligible property.
Income limits vary by household size. For a four-person household in 2026, the very low-income limit is $40,400, the low-income limit is $64,650, and the moderate-income limit is $96,960.
Eligible properties include new or existing single-family homes and qualifying modular or manufactured homes built after June 1994. The property must meet the program's condition and purchase-price requirements.
Yes. Qualifying rehabilitation may be included in purchase assistance. Repairs are part of the income-based maximum award, not a separate additional down-payment benefit.
No. The plan excludes owner-financed purchases. The first mortgage must also meet program rules, which exclude adjustable rates, balloon payments, prepayment penalties, and negative amortization.
Start with mortgage qualification, then use the Apalachee Regional Planning Council's housing application process. The administrator reviews your household, financing, and property before approving an award.
The plan generally limits assistance to a person or property once in a ten-year period, with an exception for disaster assistance. Prior assistance must be disclosed during application.
No. This is a private mortgage inquiry with Next Wave Mortgage, LLC. The program administrator determines assistance eligibility and awards, subject to available funding.
Review your mortgage budget and the assistance that may fit your household. Program approval and an eligible property are required before funds can be applied to your purchase.
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