Receive up to $35K to buy a home in Florida with the Hometown Heroes Program
You worked hard to get where you are – now it’s time that hard work paid off. With the Hometown Heroes Program, eligible full-time Florida employees can get up to $35,000 in down payment assistance, making homeownership more affordable.
What is the Hometown Heroes Program?
The Hometown Heroes 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. Veterans do not have to be first-time homebuyers or employed full time.
Florida Housing estimates that the funding will only last up to 2-3 months after the program updates take effect on July 1, 2024. If you want to take advantage of this first-of-its-kind program, don’t wait – reserve your funds now!
How does the Hometown Heroes Program work?
It’s simple. Any eligible homebuyer can receive these funds at closing in the form of a second mortgage that has absolutely NO interest rate or monthly payment for the entire duration of the loan. It’s paid back only upon sale, refinance, total loan payoff, or if the borrower vacates the property.
All traditional loan programs and property types anywhere in the State of Florida are eligible!
Loan programs available: Conventional, FHA, VA, and USDA
Single family homes, Townhomes, Condominiums, Villas, 2-4 units total are permitted
Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage
Available for any Florida-based worker who has not owned a primary residence in the past 3 years
Who is eligible?
Full-time employees of Florida-based businesses (including remote employees). Veterans are exempt from the employment requirement.
Self-employed buyers with a Florida business license
Real estate agents
640+ credit score
Qualifying buyer must be within the county income limits
Co-signers are permitted (if total combined income doesn’t exceed limit)
Ready to start your journey?
Hometown Heroes down payment and closing cost assistance
Homebuyers can purchase up to $800,000 with minimal to zero funds of their own. A good rule of thumb estimate is assistance will be 5% of the purchase price. Actual amounts will vary. See examples at right.
| Purchase price | Potential assistance |
|---|---|
| $200,000 | $10,000 |
| $300,000 | $15,000 |
| $400,000 | $20,000 |
| $500,000 | $25,000 |
| $600,000 | $30,000 |
| $700,000-$800,000 | $35,000 |
How to apply for the Hometown Heroes Program
We make applying easy and put home shoppers like you in the best position to secure funds and purchase a home.
Follow the steps below to apply!
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1
Call 561.864.2458
8 a.m. – 9 p.m. ET
7 days a week -
2
Complete a 10-minute application by phone and the Matt Weaver Team will help you gather all necessary documents.
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3
Once reviewed, the Matt Weaver Team will schedule a phone consultation to go over all your loan option details, monthly payments, and qualification status.
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4
Find your perfect home and get under contract before the program ends!
Matt Weaver
Mortgage Loan Originator
NMLS #175651
6800 Broken Sound Parkway
Suite 201
Boca Raton, FL 33487
tel (561) 864-2458
mobile (561) 212-6503
email [email protected]