UPDATED HOMETOWN HEROES LOAN PROGRAM
Update! The Florida Hometown Heroes Program's former occupational requirement no longer applies to reservations made on of after July 1st. Please check back for updates to the program as we get closer to the July 1, 2023 effective date.
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.
Program Details:
Eligible workers can receive lower than market 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.
Borrowers must work for a Florida-based company a minimum 35 hrs/week
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. Contact me to find out if you are eligible!
Contact me to find out more!
Yani
Yani Linares
Mortgage Loan Advisor NMLS: 888218
​(954) 818-6535 | Direct​(954) 818-6535 | Mobile​
​Apply Now
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