Act Now: Fl. Hometown Heroes Housing Program FUNDS available on July 1st!

by Jose Diaz

Exciting news, aspiring homeowners! The highly anticipated Florida Hometown Heroes Housing Program is set to launch funding on July 1st, offering a limited pool of funds to eligible participants. This means that the time to take action is now!

Seize the Opportunity

The program operates on a first-come, first-served basis, with funds earmarked specifically for down payment and closing cost assistance. If you've been considering purchasing a home and meet the eligibility criteria, now is the ideal moment to act.

Program Details Recap 🔑💰

To recap the program's key features:

  • Eligibility: Full-time workforce members employed by a Florida-based employer can benefit from reduced interest rates on qualifying first mortgages.

  • Financial Assistance: Qualified applicants may receive up to 5% of the first mortgage loan amount (up to $35,000) for down payment and closing costs.

  • Special Terms: The assistance is provided as a 0%, non-amortizing, 30-year deferred second mortgage, becoming due and payable under specific conditions. Credit score median must be 640 minimum for all applicants and canno't be used on new construction. 

Success Story from a client that used the Florida Hometown Heroes program recently

To illustrate the tangible impact of the Florida Hometown Heroes Housing Program, let's dive into a real-life success story from one of our past clients. This closing disclosure sheds light on how the program made homeownership more accessible and affordable.

Client Testimonial: Keys for $2,000

Our valued client, Mr. Rivera, recently purchased his dream home through the Florida Hometown Heroes Program. Here's a breakdown of his closing disclosure:

Purchase Price $360,000

Closing Costs FHTH Received: $5,400

Down Payment FHTH Received: $12,600

Closing Costs Seller contributions negotiated: $2,412

Out-of-Pocket Expense: $2,000

Mr. Rivera's experience exemplifies the program's commitment to reducing financial barriers to homeownership. By leveraging the down payment and closing cost assistance provided by the program, he was able to secure the keys to his new home with a minimal out-of-pocket expense.

 

Program Flexibility: Refunds and Upfront Expenses

It's important to note that each case is unique. While some clients, like Mr. Rivera, may pay a modest amount upfront, others may receive refunds or have certain expenses covered directly through the program. This flexibility ensures that eligible participants can navigate the home buying process with greater ease and financial support.

Take the Next Step 🚀🔑

If you're inspired by Mr. Rivera's success story and curious about how the Florida Hometown Heroes Program can benefit you, don't hesitate to reach out. Remember, funds are limited and available on a first-come, first-served basis starting

Let's work together to turn your homeownership dreams into reality. Contact us today to explore your options and secure your place in this transformative program.

Here's to more success stories and brighter futures with the Florida Hometown Heroes Housing Program! 🏡💫

 

Income and Loan Limits Here

Source Here

GET MORE INFORMATION

Name
Phone*
Message