Put up to $40,000 toward a home in Gilchrist County. Income-qualified buyers can get help with down payment and closing costs through a 0% deferred loan with annual forgiveness.
Eligibility, property approval, and available funding required.
Gilchrist 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-Income Buyers
Up to $40,000; no minimum buyer contribution under this income tier.
Low-Income Buyers
Up to $33,000; a $1,000 buyer contribution is required.
Moderate-Income Buyers
Up to $25,000; a $2,000 buyer contribution is required.
Get your financing, documents, and program application ready for a home in Gilchrist County.
Discuss your mortgage qualifications, payment, and closing budget with a lender.
Gather household income and asset records, financing details, and your required buyer contribution.
Submit the purchase-assistance application to Suwannee River Economic Council for county program review.
Complete property and financing reviews and obtain assistance approval before closing on your home.
Your down payment is only part of the cost of buying a home. Gilchrist 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 Gilchrist 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 Gilchrist County purchase assistance.
Maximum purchase awards are $40,000 for very-low-income households, $33,000 for low-income households, and $25,000 for moderate-income households. Assistance is also capped at 50% of the home's purchase price.
Funds can help with down payment and closing costs. The program has purchase strategies with and without rehabilitation, so eligible repairs may be included in an approved purchase award.
For a four-person household in 2026, the very-low-income limit is $49,550, the low-income limit is $79,300, and the moderate-income limit is $118,920. Limits change with household size.
The program's minimum buyer contribution is $0 for very-low-income households, $1,000 for low-income households, and $2,000 for moderate-income households. Your mortgage may have additional cash-to-close requirements.
Assistance is a 0% deferred ten-year loan. Ten percent of the original assistance is forgiven each year while you meet the program's requirements. The remaining balance can become due after a sale or other default.
Yes. Eligible newly constructed homes and existing homes can qualify. A new home must have received its certificate of occupancy within the previous 12 months and meet the program's property requirements.
Yes. Purchase with rehabilitation is one of the program's strategies. Repairs must be approved and included in the assistance award; they are not an automatic extra payment above your award limit.
Suwannee River Economic Council administers Gilchrist County's program. The county directs buyers to SREC for application information and assistance.
Not necessarily. The administrator reviews household income, the purchase, financing, and available funds. The maximum is a limit, not a guaranteed payment.
Share your homebuying plans with Next Wave Mortgage to discuss financing and assistance options. County assistance requires a separate application and approval through the program administrator.
Review your income, mortgage, and available savings together. County assistance depends on household eligibility, property approval, and available funding.
Check Your Eligibility