Have you heard about Hometown Heroes?
This program granted by the state of Florida, delivers up to $35,000 USD or up to 5% the value of the house. Before, this program awarded up to $25,000 USD but this year the maximum value has increased to $35,000 USD. This money may be used for the down payment and/or large part of the closing costs.
It is important to keep in mind that the funds for this program are limited, so it is worth taking advantage of this help as soon as possible! Apply now!
How can you get $35,000 USD and how can you use them?
This is a 0% interest with no monthly payment loan, used to pay your down payment and/or part of the closing costs. It must be paid when the house is sold or if the person to whom this assistance was given is not living in the house.
Remember that this loan is different from the home purchase loan.
With the increase in value of the house or its surplus value generated throughout the years, this money can be paid without any problem.
Who qualifies for this program?
Before July 1st 2023, the program was only for 1st responders like nurses, firefighters, police officers, and doctors, now it will apply to anyone, as long as it is their “primary home” and you are a first time homebuyer.
What are the requirements to apply for this program?
- Minimum 640 credit score
- First time home buyer, someone who has not owned any property in the last 3 years
- You must purchase a primary residence
- US Resident or Citizen
Keep in mind that there is no age limit to apply for this loan.
If you have any questions, do not hesitate to contact us. We have people who can help you raise your credit score if needed.
Thank you Pablo Samsing with Loan Pro (+1-954-288-9242) for your time and knowledge and answering all of our questions.
Rosa Payson PA – Realtor
Keller Williams On The Water – Team Casa US
+1-941-313-5843