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How to Qualify for the Florida Hometown Heroes Program

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This comprehensive guide explores the eligibility criteria and key requirements of the Florida Hometown Heroes Program, a significant initiative offering down payment assistance to prospective homeowners in Florida.

We'll briefly break down these criteria, which include first-time homebuyer status, credit score requirements, income limitations, employment prerequisites, and property location stipulations.

This article aims to provide a clear, professional overview for individuals seeking to understand and navigate the process of qualifying for this impactful program.

2024 Program Update

Funds for the 2024-2025 Hometown Heroes Program will be released on July 1st, 2024, and are expected to go quickly.

To take advantage of this opportunity, you need to act fast and be fully prepared.

Ensure you meet all eligibility requirements and work with MakeFloridaYourHome now to have your application ready to submit as soon as the funds become available.

The 5 Requirements to Qualify

  • First-Time Homebuyer - Must not have owned a principal residence in the past three years. Veterans are exempt from this requirement.

  • Minimum Credit Score - A credit score of at least 640 is required.

  • Income Limitations - Applicants must earn less than 150% of the area median income (AMI) for their respective county, as determined by the U.S. Department of Housing and Urban Development (HUD).

  • Employment Requirement - Must be employed by a Florida-based employer.

  • Home Location Requirement - The home must be purchased in the community where the applicant works and serves.

An essential worker with their family outside a house in Florida

First-Time Homebuyer

One of the foundational eligibility criteria for the Florida Hometown Heroes Program is the status of being a first-time homebuyer.

This stipulation is key in ensuring that the program's benefits are directed toward individuals embarking on homeownership for the first time.

Principal Residence Rule

To qualify as a first-time homebuyer under this program, applicants must not have owned a principal residence during the three years preceding their application.

This condition is designed to prioritize those who have not had the opportunity to own a home recently, thereby leveling the playing field for new entrants into the housing market.

Exemption for Veterans

A notable exception to this rule is provided for veterans. Recognizing their service and sacrifices, the program allows veterans to bypass the first-time homebuyer requirement.

Thus, even if a veteran has owned a home within the past three years, they are still eligible to apply for the Hometown Heroes Program.

This exemption underscores the program's commitment to supporting those who have served the country, regardless of their recent homeownership history.

Minimum Credit Score

The minimum credit score requirement is a crucial aspect of the eligibility criteria for the Florida Hometown Heroes Program. This program mandates a credit score of at least 640, a significant standard in the application process.

A credit score of 640 or higher is a benchmark that indicates a reasonable level of creditworthiness. This threshold ensures that applicants have a history of managing their credit responsibilities adequately, which is a key factor in determining their ability to sustain a mortgage.

Prospective applicants should review their credit reports in advance to understand their current credit standing. This step identifies any inaccuracies or areas that may require improvement before applying.

For those whose scores fall short of the 640 mark, it may be beneficial to improve their credit score. This can include paying down debts, rectifying any errors on the credit report, and ensuring timely payments on all financial obligations.

Income Limitations

The Florida Hometown Heroes Program sets specific income limitations as eligibility criteria. Applicants must have an income that is less than 150% of the Area Median Income (AMI) for their respective county.

This threshold is established by the U.S. Department of Housing and Urban Development (HUD).

  • Income Threshold - The cap on income ensures that the program is accessible to individuals who may not have the financial means to purchase a home without assistance. By setting the limit at 150% of the AMI, the program targets those within a moderate to low-income range.

  • County-Specific AMI - The area median income (AMI) varies by county, reflecting the differing economic landscapes across Florida. Applicants must refer to the AMI specific to their county to determine eligibility.

  • Verification of Income - Applicants must provide proof of income, such as recent pay stubs, tax returns, or employment verification, to confirm that they fall within the stipulated income range.

  • Total Household Income - The calculation for eligibility will consider the total household income, not just the income of the primary applicant.

Miami-Dade Qualification Example

For example, to qualify for the Hometown Heroes Program in Miami-Dade County, your income must be below specific limits. For FHA, VA, HFA Preferred Heroes & HFA Advantage Heroes loans, the maximum income is $170,250. For USDA-RD loans, the limit is $118,650 for households of 1-4 people, and $156,600 for households of 5 or more.

Ensure your income falls below these caps to be eligible for assistance.

Employment Requirement

For eligibility in the Florida Hometown Heroes Program, applicants must be employed by a Florida-based employer.

This requirement ensures that the program benefits individuals actively contributing to the local economy and community.

The employment must be current and within Florida, underscoring the program's aim to support those directly invested in the state's economic and social fabric.

Verifying this employment, typically through recent pay stubs or an employer letter, will be a necessary part of the application process.

Home Location Requirement

The home location requirement is a key stipulation of the Florida Hometown Heroes Program. Applicants must purchase a home in the community where they are employed and provide service.

This criterion reinforces the commitment to local communities, ensuring that the program's benefits are invested back into the areas where the applicants work and contribute.

It underscores the program’s goal of strengthening local economies and supporting community development by aiding those integral to the community’s daily functioning.

Compliance with this requirement will be verified as part of the application process, typically through documentation establishing the connection between the applicant's place of employment and the home's location.

Steps to Apply for the Florida Hometown Heroes Program

Applying for the Florida Hometown Heroes Program involves a structured process from initial inquiry to final approval.

This section offers a step-by-step guide to help navigate the application process efficiently.

Step 1 - Determine Eligibility

  • Initial Assessment - Before applying, ensure you meet the five key eligibility criteria - first-time homebuyer status, minimum credit score, income limitations, employment requirement, and home location requirement.

  • Gather Documentation - Prepare documents like your credit report, income verification, and employment proof to substantiate your eligibility.

Step 2 - Research and Select a Participating Lender

  • Find Lenders - Identify lenders participating in the program through the official Florida Hometown Heroes website or local housing authorities.

  • Compare Options - Evaluate different lenders based on their experience with the program and customer reviews.

Step 3 - Complete the Application with the Lender

  • Application Form - Fill out the application form provided by the lender. This form will require detailed personal, financial, and employment information.

  • Submit Documentation - Provide all necessary documentation, including proof of income, employment, and credit score.

Step 4 - Attend Homebuyer Education Course (If Required)

  • Enrollment - Some applicants may need to complete a homebuyer education course. Check with your lender if this applies to you.

  • Certification - Obtain a certificate of completion as required for the next steps.

Step 5 - Property Search and Selection

  • Locate Eligible Properties - Search for properties within the community where you work and serve.

  • Verification - Ensure the chosen property meets the program’s requirements.

Step 6 - Obtain a Mortgage Pre-Approval

  • Pre-Approval Process - Work with your lender to get pre-approved for a mortgage. This will give you an idea of the loan amount you qualify for.

  • Pre-Approval Letter - Receive a pre-approval letter, often required when making an offer on a home.

Step 7 - Make an Offer on a Home

  • Home Offer - Make an offer on the property you have selected. Work with a real estate agent to navigate this process.

  • Contract - Once the offer is accepted, sign a purchase contract.

Step 8 - Finalize the Loan and Down Payment Assistance

  • Loan Finalization - Work with your lender to finalize your mortgage loan.

  • Down Payment Assistance - Apply for down payment assistance through the Hometown Heroes Program as part of your loan process.

Step 9 - Home Inspection and Appraisal

Step 10 - Closing Process

  • Closing Meeting - Attend a closing meeting to finalize the home purchase.

  • Documentation - Sign all necessary legal documents and complete the financial transactions.

  • Receive Keys - Once everything is finalized, you will receive the keys to your new home.

The process can take several weeks to a few months, depending on various factors like loan processing times, property availability, and individual circumstances.

By following these steps and working closely with your lender, you can navigate the application process for the Florida Hometown Heroes Program effectively, moving closer to achieving homeownership.

Frequently Asked Questions (FAQs) About the Florida Hometown Heroes Program

What is the Florida Hometown Heroes Program?

The Florida Hometown Heroes Program is designed to provide down payment assistance to working Floridians, including those outside of frontline occupations, to purchase a home.

Who is eligible for the Hometown Heroes Program?

Eligibility includes being a first-time homebuyer, having a minimum credit score of 640, earning less than 150% of the area median income of your county, and being employed by a Florida-based employer.

What mortgage options are available under this program?

The program offers various mortgage options, including FHA, VA, USDA, and conventional loans, each catering to different borrower needs and circumstances.

Are there income and loan limits for this program?

Yes, income and loan limits vary by county and are available on the Florida Housing Finance Corporation website. These limits are based on the area's median income and property values.

How can I find a Hometown Heroes Program lender?

Participating lenders can be found on the Florida Housing Finance Corporation website or through MakeFloridaYourHome's resources.

What are the Florida tax exemption benefits of this program?

The program offers exemptions from documentary stamp tax and intangible tax on first and second mortgages, significantly reducing the overall home purchase cost.

Where can I get more information or ask questions about the program?

For more information or specific inquiries, you can contact MakeFloridaYourHome, which administers the program or visit their website for detailed guidance and assistance.

Are veterans eligible for the program?

Veterans are eligible and exempt from the first-time homebuyer requirement, meaning they can apply regardless of their recent homeownership status.

What are the steps to apply for the program?

The application process includes determining eligibility, selecting a participating lender, completing the application, possibly attending a homebuyer education course, and proceeding through the steps of mortgage pre-approval, property selection, and closing.


The Florida Hometown Heroes Program represents a significant stride in supporting the dreams of homeownership among Florida's hardworking residents.

This comprehensive guide has meticulously explored the program's eligibility criteria and key requirements, providing a clear path for potential applicants.

From understanding the nuances of being a first-time homebuyer to navigating the specifics of credit scores, income limitations, employment verification, and property location, this article has aimed to demystify the complexities of the application process.

By outlining each step, from initial eligibility checks to the final closing of a home purchase, we've endeavored to equip you with the knowledge necessary to approach the Florida Hometown Heroes Program confidently. The FAQs section further enhances this understanding, offering quick answers to common queries.

Remember, while meeting the eligibility criteria is essential, successful participation in the program also depends on proactive engagement with the process, including choosing the right lender and understanding the nuances of different mortgage options.

The program not only aids in achieving homeownership but also reinforces the commitment to local communities, fostering economic growth and community development.

As we conclude, it’s important to recognize the broader impact of the Florida Hometown Heroes Program. It's not just about financial assistance; it's a testament to the value of community service and the state's commitment to honoring those who serve.

For those who dream of owning a home in Florida and meet the outlined criteria, this program offers hope and a tangible pathway to turn that dream into a reality.

With over 50 years of mortgage industry experience, we are here to help you achieve the American dream of owning a home. We strive to provide the best education before, during, and after you buy a home. Our advice is based on experience with Phil Ganz and Team closing over One billion dollars and helping countless families.

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