*SCROLL TO THE BOTTOM FOR HUGE UPDATES FROM THE LIVE LOCAL ACT SIGNED 3/2023.

FLORIDA HOME

TOWN HEROES

I'm so excited about this loan program for our hometown heroes. We need you here to serve, protect, provide, assist, heal, and keep the city running. You might be one of the over 100 occupations that qualifies for the Florida Hometown Heroes Loan Program.

Are you in a situation where your rent keeps going up, and like the news asks, 'Are you being priced out of paradise?' The Hometown Heroes loan program is here to help. No more rent increase worries, you can be a homeowner! If you have not owned a primary residence in the last 3 years, you could qualify, military and veterans are exempt from this requirement.

Check here for eligible occupations.

Click here for income and purchase limits.

In my opinion, this is the best hometown heroes program out there. There is no CAP on assets, 5% of LOAN amount-up to $25,000 towards down payment and closing costs, no risk of funds not being available, credit score minimum 640, and the seller can still contribute 3-6% of the sales price (depending on conventional or FHA), that could help with repairs or reduce the sales price. In addition, this program can be layered with county and city downpayment assistance programs as available.

This program does not run out of funding like many of the city and county down payment assistance programs. It is funded through doc stamps on deeds and mortgages which are paid through every real estate transaction in Florida.

The down payment is essentially a second loan that is due when the house is sold or refinanced. The AMAZING part is that there is ZERO interest due on these funds and NO payments.Florida Housing partners with lenders and lending institutions throughout the state of Florida to offer first and second mortgage loans to eligible first-time homebuyers.

Lenders can close in 30-45days, but you do need to take a HUD home buyer course. The sooner the better, and I can direct you to the resources.

Florida Housing also partners with participating Real Estate Professionals throughout the state, and I have completed the coursework to be your real estate professional.

Reach out for more information and for qualified occupations. I’ll connect you with an APPROVED lender. Only approved loan officers have access to this program. Reach out today. Cheryl Hazel 754-207-4504.

*UPDATES The downpayment assistance was raised to $35K from $25K.

Beginning July 1, 2023 - NO OCCUPATION REQUIREMENTS AND NO EMPLOYER REQUIREMENTS.

Also, INCOME & LOAN AMOUNTS will both go up.