Hometown Heroes Program
This program supports first-time homebuyers by offering financial assistance for down payments and closing costs in their work community. In Florida, the Program provides extra benefits and a reduced mortgage interest rate to honor and support individuals who have served their country.
You have a unique opportunity to own a home
The Florida Hometown Heroes Housing 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. The Florida Hometown Heroes Loan Program also offers a lower first mortgage rate and additional special benefits to those who are eligible.
✔️ Eligible workers can receive lower than market rates on various types of first mortgages (FHA,VA, RD, Fannie Mae, or Freddie Mac).
✔️ Reduced upfront fees, no origination points or discount points are offered.
✔️ Down payment and closing cost assistance of up to 5% of the first mortgage loan amount (maximum of $35,000) is available.
✔️ Borrowers must work for a Florida-based company for a minimum of 35 hours per week.
✔️ Down payment and closing cost assistance is provided through a 0% non-amortizing, 30-year deferred second mortgage.
✔️ The second mortgage must be repaid in full upon property sale, first mortgage refinancing, deed transfer, or if the homeowner no longer resides in the property as their primary residence.
✔️ The Florida Hometown Heroes loan is not forgivable.
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