If you’ve been waiting to buy a home because saving for a down payment feels impossible, the Florida Hometown Heroes Program may be exactly what you’ve been looking for.
Designed to help the people who serve our communities every day, this program provides eligible homebuyers with up to $35,000 in down payment and closing cost assistance, making homeownership more attainable than ever.
The assistance is structured as a 0% interest second mortgage with no monthly payments while you own and occupy the home as your primary residence. Assistance is repaid when you sell, refinance, transfer ownership, or no longer use the home as your primary residence. Funding is limited and available on a first come, first served basis.
What Is the Florida Hometown Heroes Program?
The Florida Hometown Heroes Program is offered through the Florida Housing Finance Corporation to help eligible Floridians overcome one of the biggest obstacles to buying a home: the upfront cash needed for a down payment and closing costs.
Depending on your loan amount, qualified buyers may receive up to 5% of their first mortgage loan amount, capped at $35,000, to use toward eligible home purchase expenses. The program can be paired with FHA, VA, USDA, and Conventional financing through participating lenders.
Who Can Qualify?
The program was created to support the hardworking people who help keep Florida running.
Many eligible professions include:
- Healthcare professionals
- Teachers and school employees
- Law enforcement
- Firefighters
- EMS personnel
- Military members and veterans
- Childcare professionals
- Government employees
- Court employees
- Many other qualifying occupations
Program eligibility depends on several factors, including occupation, income, employment, credit, and other Florida Housing guidelines. Requirements and funding availability can change, so working with a knowledgeable lender is the best way to determine your eligibility.
Why This Program Is So Powerful
For many buyers, the monthly mortgage payment isn’t the biggest hurdle.
It’s coming up with enough money to close.
That’s where Hometown Heroes can make a tremendous difference.
Whether you’re purchasing your very first home or you’re a qualifying veteran using your VA benefit, this program can significantly reduce the amount of cash needed at closing, helping more families become homeowners sooner.
Don’t Wait Until You Find the Perfect Home
One of the biggest mistakes we see is buyers waiting until they’ve found a house before learning about financing.
Programs like Hometown Heroes are funded on a first come, first served basis. Having your financing in place before you start shopping can help you move quickly when the right home becomes available.
How KB Mortgage Can Help
At KB Mortgage, we don’t believe in one size fits all financing.
We’ll take the time to learn about your goals, review your eligibility, explain your options, and help you determine whether the Florida Hometown Heroes Program is the right fit for your situation.
From pre approval through closing, our team is committed to making the mortgage process as smooth and stress free as possible.
If you’ve been wondering whether homeownership is closer than you think, let’s have a conversation. You may be surprised by what’s possible.
Contact KB Mortgage today to learn more about the Florida Hometown Heroes Program and find out if you qualify.