How Floridians can get up to $35,000 towards their first home 🏡

Hometown heroes housing program is back July 1, 2024. 🇺🇸
If you’ve been on the bench because of the rates or not having enough on hand money for closing cost and a down payment this program might just get you off the bench. Here are the details below.👇🏼
*The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible community workforce.
*This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a lower first mortgage interest rate and additional special benefits to those who have served and continue to serve their country.
Program Details and eligibility :👇🏼🇺🇸💫🏡
*First time homebuyers are defined as someone have never owning a home or owning a home in the past three years.
* AS OF JULY 1, 2024, TO BE ELIGIBLE: At least one owner-occupying applicant must be employed full-time by a Florida-based business. The business must have a headquarters or a brick & mortar location in Florida. Work-from-home employees must report to or work out of a specific Florida location to qualify. Self employed applicants can be veified by a written letter by thier cpa, account, bookeeper, or equivalent.
* All applicants must have a 640 middle FICO score to qualify for the program.
If you are buying a manufactured home, you will need a 660 middle FICO score to qualify.
* For Conventional, FHA and VA loans, the income is limited to the applicant's income, not household income. Only people's income who are applying for or cosigning for the new mortgage loan count towards this limit. The annual household income varies based on county and with most counties capping at 132,900 it couid be as high as 178,950. To learn your county cap contact me directly. Contact info below ⬇️
*Eligible full-time workforce, employed by a Florida-based employer can receive lower than market interest rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.
*Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $35,000) in down payment and closing cost assistance.
*Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred 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 his/her primary residence. The Florida Hometown Heroes loan is not forgivable.
If you are thinking about purchasing a home 🏡 and don’t know where to start or you have questions about moving to Florida let’s chat 💬 message me directly.
Brian Riggs
502.548.4849
KW SUNCOAST
Lakewood Ranch Fl 34211
We have teamed up with Supreme Lending, an outstanding lender, to offer prequalification services, for the Hometown heroes housing program. They can assist potential clients in finding the best solutions tailored to their individual needs.
To be prequalified reach out to 👇🏼
Tom Flood
FL Market Branch Mgr, NMLS#275069
Tampa Bay, Orlando, Sarasota-Bradenton, Venice, North Port
Cell: 941.350.3001
[e-mail]
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