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Hometown Heroes Program

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Exciting Updates

Florida Hometown Heroes Down Payment Assistance Program Gearing Up for Enhancement

Starting July 1, 2024, the Florida Hometown Heroes Down Payment Assistance (DPA) program is getting a significant boost with an additional $100 million in funding. This expansion spells great news for local workers statewide. As housing prices soar, securing a down payment for a new home becomes more daunting, pushing many Floridians out of the market. But fear not! The enhanced Florida Hometown Heroes DPA program aims to make homeownership dreams attainable.

Assistance

Increased Assistance, Broader Eligibility

Last year saw a surge in demand when down payment assistance funds were raised from $25,000 to $35,000. Now, with additional funding injected, first-time homebuyers could once again access up to $35,000 or 5% of the loan amount, whichever is less. But here’s the catch—these funds operate on a first-come, first-served basis. Once depleted, they’re gone! Reach out to our Florida Housing-approved loan team to secure pre-approval and assess eligibility.
Increased Assistance, Broader Eligibility - Real-ativity

Who Is Eligible?

The Florida Hometown Heroes Housing Program, initially designed for frontline heroes, is broadening its eligibility criteria. Any full-time worker employed by a Florida-based business, meeting income eligibility and program requirements, could qualify. So, if you’re employed by a Florida-based business with a physical presence, you’re in luck!

How to Qualify?

Wondering if your employment qualifies? If you’re employed by a business with a physical presence in Florida, rest assured, you’re eligible!
Program highlights for assumable mortgages down payment assistance

Highlights

Program Highlights

  • Eligibility for lower-than-market rates on various mortgage types
  • Down payment and closing cost assistance of up to 5% of your first mortgage loan amount, capped at $35,000
  • Assistance provided as a 0%, non-amortizing, 30-year deferred second mortgage
  • Refinance transactions not eligible
  • Borrowers must complete an approved HUD homebuyer education course
  • Single-family residences, townhomes, and FHA-approved condo purchases eligible

Funds are Finite

Act Now!

These funds are finite, so early planning is crucial. Don’t miss out on the opportunity to realize your homeownership aspirations. Reach out today to learn how you can maximize the benefits of the Florida Hometown Heroes program.

Take the first step toward owning your new home in the Sunshine State!

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