Florida Hometown Heroes Available Funds Update

November 16th

 

🌟 Great News for Florida Homebuyers! 🏡💙 Check out the Hometown Heroes program – a fantastic opportunity for first-time buyers in Florida. If you haven't owned a home in the past three years, you're in luck – you qualify! 🍀

 

📊 Eligibility Criteria: 

- A credit score of 640? Check! ✔️

- Full-time employment? They're looking for around 35 hours a week. ✔️

 

💰 Funds are still available, which is a big deal considering how quickly they were snapped up when the program launched in July. Back then, interest rates were about 1 to 1.5 points lower, so it's interesting to see how the current higher rates are influencing the program's uptake 📈.

 

🏦 Bonus: The interest rates are slightly subsidized. For instance, the FHA rate this morning was around 7.25%, which is a bit more favorable than the general market rate 🎉.

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Hometown Heroes Newsletter

 

Additional Updates:

Florida Housing Approves $36M for Hometown Heroes Program

Florida Hometown Heroes Housing Program $36 Million Boost