Hometown Heroes Down Payment Assistance!

Hometown Heroes was first introduced in June 2022 to help make home ownership affordable for eligible frontline community workers living in the state of Florida. The program was intended as a down payment and closing cost assistance to first-time, income-qualified homebuyers serving as front line workers, first responders and military for purchasing a primary residence in the community where they work and serve.

Qualified applicants were able to receive up to 5% of the loan amount up to a maximum of $25,000. The program also offered a lower first mortgage interest rate and additional special benefits to those who have served and continue to serve their country. Since its beginning, the program has helped almost 6,800 veterans, active-duty military members, nurses, teachers, and law enforcement officers purchase homes for their families.

It just got BETTER!

Starting on July 1^st, 2023, the State of Florida has increased the maximum down payment assistance to $35,000 and opened the program up to any person that is employed in the State of Florida. That’s right! If you are working in the state of Florida you could qualify for the Hometown Heroes down payment assistance program. This makes homeownership more affordable for all Floridians and enables buyers to get into their dream home sooner than they could have imagined. Think about shifting from a rent payment to building equity in a home or paying your own mortgage instead of someone elses.

For the 2023-2024 fiscal year Hometown Heroes has been funded with $100 million dollars. While these funds last, qualified borrowers can receive assistance. In addition, HomeTown Heroes can also be paired with other assistance programs to further increase the amount of help you receive.

Qualified borrowers can get:

• Down payment and closing cost assistance is available in the form of a 0% interest, 30-year repayable second mortgage.
• Can be used for down payment or closing cost needs up to $35,000 maximum
• Almost any primary residence including:
  • Single family residences
  • 2-4 unit properties if the borrower occupies 1 of the units
  • Condos
  • Manufactured homes

To be qualifiied you must be:

• First-time home buyer (not owned a property in the last three years)
• Employed full time by Florida based employer
• At least a 640 FICO score
• Meet income requirements

If  you meet these requirements you could be closer to home ownership than you think. You owe it to yourself to find out. Click the link below to start the process today. Don't delay! You want to apply before the funds run out. If you have further questions feel free to call or text me at 407-902-5206.

If you know someone that might be a good fit for this program, please fee free to pass this information on.