Hometown Heroes is here to Help you

Dated: December 6 2023

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Introducing the Florida Hometown Heroes Housing Program: Your Path to Affordable Homeownership

Imagine turning your dream of homeownership into a reality. The Florida Hometown Heroes Housing Program is here to make that happen for eligible members of our community workforce.

This initiative is designed to empower first-time, income-qualified homebuyers by providing valuable support in the form of down payment and closing cost assistance. The goal? To enable you to secure a primary residence in the very community where you contribute your time and expertise. But that's not all – the Florida Hometown Heroes Loan Program goes above and beyond by offering a competitive first mortgage interest rate, along with special benefits tailored for those who have dedicated their service to our country.

Let's dive into the details:

Who Qualifies? If you're a full-time member of the workforce employed by a Florida-based employer, you may be eligible for this program. Enjoy lower-than-market interest rates on FHA, VA, RD, Fannie Mae, or Freddie Mac first mortgages, reduced upfront fees, and the added bonus of no origination or discount points. Plus, unlock the potential for down payment and closing cost assistance.

Financial Support: Qualified borrowers can receive up to 5% of the first mortgage loan amount, with a maximum cap of $35,000, in down payment and closing cost assistance. This financial boost can make a significant difference as you embark on your homeownership journey.

Flexible Assistance: The down payment and closing cost assistance come in the form of a 0%, non-amortizing, 30-year deferred second mortgage. While this second mortgage doesn't accumulate interest, it becomes due and payable in full under specific circumstances – such as the sale of the property, refinancing of the first mortgage, transfer of deed, or if you no longer occupy the property as your primary residence. It's important to note that the Florida Hometown Heroes loan is not forgivable.

The Florida Hometown Heroes Housing Program is not just about affordable homeownership; it's about recognizing and supporting those who contribute to the fabric of our communities. Take that step toward your dream home, and let this program be your guide on this exciting journey to homeownership.

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Chris Linden

  Hi, I’m Chris, I am incredibly eager to find your dream home or assist in the sale of your current property to move on to something bigger and better. I love SWFL. This is my home, b....

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