Florida Housing Finance Corporation (FL Housing) offers first mortgage products and down payment and closing cost assistance second mortgage programs to eligible First Time Homebuyers through a network of approved Participating Lenders.
The FL Hometown Heroes Loan Program also offers eligible borrowers a greater opportunity to purchase a home and remain in the community in which they work and serve.
Borrowers can receive up to 5% of the total loan amount not to exceed $35,000 with a minimum of $10,000. Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage.
Fill out our form below to check your hometown heroes eligibility for free.
Program Requirements
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All Borrowers must have a minimum FICO of 640 (Manufactured housing require a minimum 660) and maximum DTI of 50% (Maximum DTI with manufactured housing is 45%).
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Borrower(s) must work full-time for an employer that is a Florida-based business, which means, the employer must have a brick and mortar location in Florida that the borrower(s) report to and/or works from.
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ALL borrower(s) are first-time homebuyers which means, a borrower(s) must have had no present ownership interest in a principal residence at any time during the three-year period prior to the date on which the Mortgage Loan is executed.
- Borrower(s) must not exceed the maximum Income & Loan Limit requirements, household size, for the county in which the property is being purchased.
