Florida Hometown Heroes Housing Program

$36 Million Boost

 

🔔 Attention Florida Home Buyers! 🔔

 

Big news for the housing market is here! Florida Housing's Board of Directors has just green-lit an additional $36 million allocation to the Florida Hometown Heroes Program. This is a golden opportunity for real estate professionals to support first-time homebuyers in the Sunshine State.

 

🏡 What's Happening?

On October 27th, a pivotal decision was made to bolster the highly successful Hometown Heroes (HTH) Loan Program. This initiative has already paved the way to homeownership for over 13,000 eligible first-timers who proudly live and work in Florida.

 

📅 Mark Your Calendars!

The additional $36 million in funds will become available on Monday, November 6th. Given the program's track record, we expect these funds to be snapped up in no time. And remember, this could be the last funding increase until 2024, so time is of the essence!

 

💼 Are You Ready to Find Your Home?

Our Approved Lenders are on standby, ready to help your buyers navigate our Down Payment Assistance programs.

 

Recommended Lenders:

 

 

 

 

 

 

 

 

Who is Eligible?

For the Florida Hometown Heroes Housing Program, remember that borrowers must:

• Florida Based worker who has not owned a primary residence for the past 3 years. (Considered a First Time Homebuyer)
• Must be a fulltime employee ( 35+ hours/week)
• Self-Employed buyers eligible with Florida business license.
• Veterans eligible
• 640 minimum credit score
• Income limits for qualifying borrowers only ( Income limits vary by county)
• Non-borrowing spouse income is not included if not on loan application

 

Benefits Provided:

•  Up to 5% of the loan amount to a maximum of $35,000 on FHA, VA, USDA and Conventional loans
• Funds may be used for both down payment and/or closing costs
• 0% Interest rate on deferred second mortgage
• No monthly payments required
• Subsidized lower mortgage rates
• Tax exempt from documentary stamp tax and intangible tax saving approximately $2,000

 

Don't miss this chance to grab this down payment assistance for the purchase of your new home. Contact one of our Approved Lenders today and get ahead of the curve!