Updated for 2026 Guidelines
Melbourne First Time Homebuyer Program
Receive up to $44,500 in down payment and closing cost assistance to buy your home in Melbourne, FL.
Receive up to $44,500 in down payment and closing cost assistance to buy your home in Melbourne, FL.
The City of Melbourne, funded by SHIP, offers substantial assistance to help you bridge the gap between your savings and the cost of buying a home. This is not a standard bank loan—it's community support designed to build homeownership.
Funds can be used for down payment, closing costs, and even repairs to meet code compliance.
This is a second mortgage with no monthly payments. You simply live in the home.
The loan is forgiven over time (5-10 years) as long as it remains your primary residence.
"The assistance covered almost all our closing costs. We couldn't have done it without this program."
Navigating the Melbourne First Time Homebuyer Program is easier than you think. Here is how the process works from start to finish.
Complete the form to see if your income and household size qualify for the program. This is the first step to unlocking up to $44,500 in funds.
Work with an approved lender who understands the SHIP/CHI guidelines and can structure your primary mortgage correctly.
Find your dream home in Melbourne. The assistance funds are applied directly at closing to cover your down payment and closing costs.
The amount of assistance is based on your household income relative to the Area Median Income (AMI). Limits are subject to change, but here are the current published maximums.
Max Total Assistance
Min. Contribution: $1,000
Max Total Assistance
Min. Contribution: $1,500
Max Total Assistance
Min. Contribution: $2,000
*Note: Amounts reflect CHI brochure (Revised July 2023). City eligibility often aligns with HUD low-income limits. Program guidance suggests higher tiers available subject to funding. Verify current 2026 limits upon application.
To qualify for the Melbourne Purchase Assistance Program, you must meet specific criteria outlined by the City and CHI.
Melbourne, FL is one of the fastest-growing regions on the Space Coast. With booming aerospace industries, close proximity to beaches, and a vibrant downtown, buying a home here is more than just a place to live—it's a smart investment in your future.
Rents in Brevard County continue to rise. By utilizing the Melbourne purchase assistance program, you lock in your housing costs and start building equity immediately. With up to $44,500 in assistance, the barrier to entry is lower than ever for 2026.
