Published August 26, 2022
Take Advantage of the Hometown Heroes Down Payment Assistance Program!
The state of Florida has recently launched a new program to make homeownership more affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. This program offers closing cost and down payment assistance for first time income-qualified home buyers so they can purchase a home in the community where they serve.
Some of the key benefits of this program include:
Eligibility for lower than market rates on FHA, VA, Fannie Mae, or Freddie Mac mortgages
Reduced upfront fees, no origination points, and assistance with closing costs
Eligible borrowers can receive up to 5% of their mortgage loan amount (up to $25,000) in down payment and closing costs
For more information on this program as well as a list of eligible occupations, visit the Florida Housing website here.
If you want to know if you qualify or are looking for help beginning your home buying journey, give our team a call today!
