Florida Housing Approves $36M For

Hometown Heros Program

 

🚨 Breaking News from the Sunshine State! 🌞🌴

 

Greetings everyone! I've got some exciting news straight from the heart of Florida. I've just had a conversation with Florida Housing, and the buzz you've been hearing? It's absolutely legit!

 

🔔 **Hometown Heroes Program**: The board has given a green light to an additional $36 million funding. This is a testament to Florida's commitment to its hometown heroes!

 

📆 **When Will This Be Accessible?**: As of now, a specific distribution date hasn't been pinned down. But don't worry, we're on top of it and will keep you informed.

 

📧 **Stay Updated**: Eager for the latest scoop? Just drop a comment with "DPA" below, and we'll ensure you receive an email with all the recent details.

 

Stay tuned, Florida! Big things are coming, and we're thrilled to be the first to share them with you.

 

Latest Update!!!

 

📅 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!

 

Latest Updates:

November 16, 2023 - $26 Million Available