Hometown Heroes Program
The Florida Hometown Heroes Housing Program is your pathway to affordable homeownership, especially tailored for the devoted workforce serving our community. We facilitate first-time home purchases for those who meet income qualifications, ensuring they can establish a primary residence in the community they tirelessly serve.
Our program offers invaluable assistance with down payments and closing costs, breaking down barriers to homeownership. Moreover, the Florida Hometown Heroes Loan Program takes it a step further by providing reduced first mortgage interest rates and additional exclusive benefits. This initiative acknowledges the dedication of those who have served and continue to serve our country. Experience the unique advantages of the Florida Hometown Heroes Housing Program, where we make homeownership attainable for our community’s heroes.
Program Details:
- The eligible full-time workforce employed by a Florida-based employer can receive lower than market interest 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.
- Down payment and closing cost assistance are available as a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in total, 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.