SHIP DOWN PAYMENT/ CLOSING COST ASSISTANCE
Escambia County and the City of Pensacola jointly administer the State Housing Initiatives Partnership (SHIP) program. This program provides first-time homebuyers loans of up to $7,500 for low and very low-income borrowers for Down Payment and Closing Cost assistance. Assistance is provided in the form of a 5 year forgivable grant, provided that the buyer does not sell, rent, or transfer within that time frame. Maximum sales price is $189,000, and homes cannot be new construction. Funding is available on a first come, first served basis. For more information, call (850) 858-0350.