top of page
Search

Florida Hometown Heroes Downpayment Assistance Program- Not just for 1st Responders


The Florida Hometown Heroes Housing Program recently opened applications to ALL full-time employees who work at a brick and mortar as of July 1st, 2023. Prior to July the program was only open to first responders, teachers, nurse and other specific professions. However, now those guidelines have changed and opened the doors for many other hard -working people to receive this payment and get on their path to homeownership.


What is the Florida Hometown Heroes Program:

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 interest rate and additional special benefits to those who have served and continue to serve their country.


Program Details:

  • Eligible full-time workforce, employed by a Florida-based employer can receive lower than market interest 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 $35,000) 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.

 

If you are interested in buying a home and receiving this assistance please call The Bryan Coward Team so we can get you in your new home!

📲 727-325-6009


 



 

The funds available for this program do have a maximum and potential to run out so don't wait until they are gone. Reach out to us today so we can help you!

Information taken from: Florida Housing Finance Corporation



 
 
 

Comentarios

bottom of page