Florida Hometown Heroes: 5% Down Payment Assistance Program
- Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance.
- 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.
- 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 - click link. Most certified public workers, teachers, doctors, medical workers, firefighters, veterans, daycare workers, message therapists, counselors, nutritionists, etc…
- Income and purchase price limits = $129,450/year income limit. $647,200 Purchase Price limit
https://www.floridahousing.org/programs/homebuyer-overview-page/hometown-heroes
https://www.youtube.com/watch?v=rolim_U_-J8&feature=emb_imp_woyt
Let me know how I can help,
Courtland Hunt Mortgage Loan Originator Pioneer Mortgage Funding NMLS#188709 | NMLS#2034160 Office: (941)782-8663 Mobile: (813)300-9281 |
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.