The Florida Hometown Heroes Housing Program through the Florida Housing Finance Corporation helps make homeownership more affordable for eligible front-line workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans. The program provides down payment and closing cost assistance to first-time, income qualified homebuyers in an eligible occupation to assist them in the purchase of a primary residence.
FHA, USDA and VA
The following is a list of all approved occupations that would qualify for the program:
Florida Hometown Heroes allows borrowers to receive up to 5% of the loan amount (capped at $25,000) in down payment and closing cost assistance.
It can be paired with additional assistance programs to maximize amount of received assistance Down payment and closing cost assistance is available in the form of a 0% interest, non-amortizing, 30-year repayable 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 their primary residence. The Florida Hometown Heroes loan is not forgivable.
The down payment and closing cost assistance can be used to satisfy the following:
NOTE: The down payment and closing cost assistance cannot be used to cover commission for real estate agents, the cost difference between the sales price and the appraised value or to pay off borrower debt.