The Florida Hometown Heroes program is making it easier than ever for hard-working Floridians to achieve the dream of homeownership. In just two years, the program has helped over 7,000 families purchase homes, and it is showing no signs of slowing down.
In 2023, the Hometown Heroes program received a significant boost in funding, with $100 million allocated to the program through the Live Local Act. This funding has allowed the program to expand its reach and offer even more assistance to Florida's hometown heroes.
One of the biggest changes to the Hometown Heroes program in 2023 is the increase in the maximum down payment assistance amount. Previously, homebuyers could receive up to $25,000 in down payment assistance. Now, the maximum assistance amount has been increased to $35,000. This means that homebuyers can now afford to purchase a more expensive home, or they can use the additional funds to pay for closing costs or other expenses.
Another major change to the Hometown Heroes program in 2023 is the removal of the job requirement. Previously, homebuyers were only eligible for the program if they were employed by a Florida-based employer. Now, the program is open to all Florida residents, regardless of their employment status. This change makes the program more accessible to a wider range of people, including stay-at-home parents, retirees, and the unemployed.
The Hometown Heroes program is also expanding its reach to new communities in 2023. In addition to the 67 counties that were already eligible for the program, the following counties have been added:
Alachua
Baker
Calhoun
Clay
Columbia
Dixie
Escambia
Franklin
Gadsden
Gulf
These new counties are home to a diverse population of hardworking Floridians who deserve the opportunity to achieve the dream of homeownership. The Hometown Heroes program is making that dream a reality for thousands of families each year.
In addition to the changes mentioned above, the Hometown Heroes program is also offering a number of new benefits in 2023. These benefits include:
A lower first mortgage interest rate
Additional special benefits to those who have served and continue to serve their country
A streamlined application process
More flexible eligibility requirements
The Hometown Heroes program is a valuable resource for Florida's hometown heroes. If you are a first-time homebuyer who is struggling to save for a down payment, the Hometown Heroes program can help you make your dream of homeownership a reality.
To learn more about the Hometown Heroes program, visit the Florida Housing Finance Corporation website. You can also contact a participating loan officer to get started on your application.
Testimonials from Hometown Heroes
The Hometown Heroes program is making a real difference in the lives of Florida families. Here are a few testimonials from homeowners who have benefited from the program:
"The Hometown Heroes program was a lifesaver for us. We were struggling to save for a down payment, but the program gave us the financial assistance we needed to buy our first home. We are so grateful for this program." - John and Mary Smith, first-time homebuyers
"I am a single mother of two, and I never thought I would be able to afford to buy a home on my own. But the Hometown Heroes program made it possible. I am so grateful for this program, and I am so excited to start a new chapter in my life with my children." - Sarah Jones, single mother
"I am a veteran, and I served my country for 20 years. I am proud to be a Hometown Hero, and I am grateful for the opportunity to buy a home in the community I served. The Hometown Heroes program has made my dream of homeownership a reality." - Michael Brown, veteran
The Hometown Heroes program is a shining example of how government and private organizations can work together to make a difference in the lives of Floridians. The program is helping to create a more stable and prosperous future for Florida families, and it is making Florida a more affordable place to live.
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