The Florida Hometown Heroes Housing Program is designed to alleviate some of the financial burdens associated with purchasing a home, particularly useful in today’s competitive market. It provides essential financial support specifically tailored for first-time homebuyers, veterans, and active-duty military personnel based in Florida. This program offers up to $35,000 in assistance to cover down payments and closing costs, acting as a 0% interest deferred second mortgage, which only becomes due when the home is sold, refinanced, or otherwise no longer the primary residence of the owner.
Participants can receive up to 5% of their total mortgage loan amount to help manage the initial expenses of buying a home. The program is compatible with various loan types, including conventional, FHA, VA, and USDA loans, thus offering a range of financing options to suit different needs and circumstances. This initiative aims to make homeownership more accessible and affordable to those who serve our communities, helping them to invest in their future in Florida.