Housing Program Details
- Eligible frontline workers can receive lower than market rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.
- Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance.
- Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in full, upon sale of the property, refinancing of the first mortgage, transfer of deed or if the homeowner no longer occupies the property as his/her primary residence. The Florida Hometown Heroes loan is not forgivable.
Eligible Occupations
Below is a few examples of Job Occupations that can qualify. There could be other factors or circumstances that make you eligible for this program, and the best way to find out is to get in touch with us. Our team of experts will be able to assess your situation and determine if you meet the criteria for this loan program. Contacting us is the first step to finding out if you are eligible, so don't hesitate to reach out. We're here to help you achieve your goal of homeownership.
Income and Purchase Price Limits
If you're a homebuyer with a combined family income that is less than $136,000, you could be eligible for special loan options. There are no restrictions on the purchase price of the home you wish to buy, however, the loan you take must meet the guidelines set by Conventional and FHA loan programs. These loan programs have specific loan limits, and your loan must fit within those limits to be eligible. By taking advantage of these programs, you may be able to purchase your dream home at an affordable cost.
What is Hometown Heroes Housing Program in Florida?
The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.
This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a lower first mortgage rate and additional special benefits to those who have served and continue to serve their country.