Get up to $20,000 toward down payment and closing costs on a home in Glades County. Eligible buyers can receive a 0% deferred loan with 10% forgiven each year over ten years.
Eligibility, property approval, and available funding required.
Glades County purchase assistance helps eligible households cover the cost of buying a home. Assistance is funded through Florida's State Housing Initiatives Partnership (SHIP).
Very-Low & Low-Income Buyers
Up to $20,000 for purchase without rehabilitation.
Moderate-Income Buyers
Up to $15,000 for purchase without rehabilitation.
Homes Needing Repairs
Separate purchase-with-rehabilitation awards can reach $60,000 for very-low/low-income buyers or $35,000 for moderate-income buyers, including approved repairs.
Get your financing, documents, and program application ready for a home in Glades County.
Review your mortgage qualifications and budget with a lender. Owner-financed purchases are not eligible.
Take a HUD-approved homebuyer education course and keep your completion certificate.
Provide the county with income records, mortgage preapproval, a purchase contract, and the required application.
Obtain property and assistance approval before closing, then move into your primary residence within 30 days.
Your down payment is only part of the cost of buying a home. Glades County purchase assistance can help with eligible upfront costs so you can plan your next move.
Use approved assistance toward your down payment and closing costs, while meeting your lender's and the program's cash requirements.
Bring your mortgage and purchase assistance together for an eligible primary residence in Glades County.
Meet the program's loan and occupancy conditions to have 10% of your assistance forgiven each year over ten years.
Answers about buying a home with Glades County purchase assistance.
For a purchase without rehabilitation, eligible very-low and low-income buyers may receive up to $20,000. Moderate-income buyers may receive up to $15,000.
Yes. Purchase-with-rehabilitation awards may total up to $60,000 for very-low and low-income households or $35,000 for moderate-income households. These totals include approved repairs; they are not all down-payment cash.
For a four-person household, the very-low-income limit is $39,150, the low-income limit is $62,600, and the moderate-income limit is $93,960. Other household sizes have different limits.
No. It is a deferred loan secured by the property with a ten-year term. The loan carries 0% interest while in good standing, and 10% is forgiven annually when program conditions are met.
An unforgiven balance may become due if the home is sold or program conditions are not met. The plan also provides for 4% interest upon default. Review the loan documents before closing.
Yes. Buyers must complete a HUD-approved homebuyer education course. You will also need mortgage preapproval and a purchase contract for the program review.
Eligible single-family homes and qualifying modular homes can be considered. Manufactured or mobile homes built in 2005 or later may qualify if they meet program and property-condition requirements.
No. Owner financing is excluded. Your mortgage and assistance financing must meet the county's program requirements.
The property must be your primary residence, and you must occupy it within 30 days. Continuing occupancy and other loan requirements apply throughout the assistance term.
No. Next Wave Mortgage can review your homebuying and financing options. A separate county application and award approval are required, and assistance depends on available funding.
Bring your mortgage preapproval, homebuyer education, and purchase budget together. Assistance requires county approval and is subject to available funding.
Check Your Eligibility