Welcome Florida Hometown Hero
Exciting news for Florida residents! Starting July 1st, Florida Housing will receive an additional $100 million in funding for the Hometown Heroes program. We're dedicated to making homeownership affordable for our frontline community workers, including law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.
Through the Florida Hometown Heroes Housing Program, eligible first-time homebuyers can receive down payment and closing cost assistance, allowing them to purchase their primary residence in the community they serve. Plus, our program offers a lower first mortgage rate and special benefits to those who have bravely served our country.
Check back on our website for updates as we get closer to the effective date of July 1, 2023. Don't miss out on this incredible opportunity to achieve your dream of owning a home.
- Eligible frontline 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 $25,000) in down payment and closing cost assistance.
- 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.
Find Out If You Are Eligible:
Eligible Occupations (Last updated on 10/3/2022, refresh your browser to ensure you have the latest version of this document)
