Calling all Florida’s first-time homebuyers, veterans, and active military personnel! The Sunshine State’s fantastic Hometown Heroes program just got even better. As of July 1st, 2024, fresh funds have been allocated, making the dream of homeownership a reality for more deserving residents.

Here’s a quick rundown of this amazing program and how it can benefit you:

Who Qualifies?

The Florida Hometown Heroes program is open to all first-time homebuyers who haven’t owned a home in the past three years. This recently expanded program also includes active duty military and veterans, making it even more inclusive.

How Much Help Can You Get?

The program offers a significant chunk of change to help with your down payment and closing costs – up to $35,000 or 5% of your first mortgage loan amount, whichever is less. That’s a hefty amount that can drastically reduce your upfront financial burden.

What are the Terms?

This assistance comes in the form of a 0% interest, non-amortizing second mortgage. Essentially, it’s a loan you don’t have to make monthly payments on, but you’ll repay it when you sell the house, refinance your first mortgage, transfer ownership, or move out.

The Bottom Line

The Florida Hometown Heroes program is a fantastic opportunity to achieve homeownership without a huge down payment. With fresh funding available, there’s no better time to explore this program and take that step toward owning your own piece of Florida sunshine.

Ready to Learn More?

For further details and eligibility requirements, head over to the Florida Housing Finance Corporation website https://www.ehousingplus.com/homeownership/ . Don’t miss out on this chance to make your homeownership dreams a reality! If you want to start the process right away you can schedule your Free Loan Consultation or Start Your Application if you need to get started right away.