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Frequently Asked Questions - Down Payment Assistance Program

This program is offered by the Housing Corporation of Charlotte County, Inc. to financially assist potential homeowners with a deferred loan payment for a downpayment up to a $20,000.00. This assistance is based on funding availability and household income.

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.

Contact The Housing Corporation for an application. Detailed instructions will be provided over the phone. Applications can be picked up in person or mailed. All applications will be processed on a first come, first read, first serve basis.

When submitting an application for SHIP Down Payment Assistance, all of these documents must be provided as
applicable for all household members over the age of 18 unless otherwise I noted.

• Copies of last 30 days pay stubs.
• Copy of last two years W-2 statements.
• Copies of Social Security Benefits Award letters or pension letters.
• Copies of the complete income tax return form the last two years.
• Copies of bank statements for the last six months.
• Copies of investment statements from the last six months.

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