Exciting Update! 🌟 An additional $36 million has just been given the green light for the Hometown Heroes program. Our Loan Officers are now ready to start processing Hometown Heroes loans, with the ability to lock them in by next week.
Here's what you need to know:
Minimum credit score: 640
Maximum DTI (Debt-to-Income) ratio: 50%
Minimum loan amount: $10,000
Up to $35,000 available (that's 5% of your loan amount)
This program is open to residents of all Florida counties
First-time Homebuyers, this one's for you!
At least one borrower should be working a minimum of 35 hours per week, and the employer must have a brick and mortar location in Florida.
Florida's Hometown Heroes Program Receives a $36 Million Boost
In an exciting development, the Hometown Heroes program in Florida has just received an additional $36 million in funding, a substantial expansion that underlines the state's commitment to supporting essential workers who are the backbone of our communities.
Governor Ron DeSantis Announces a $36 Million Funding Round
This $36 million funding announcement is a testament to Florida's dedication to essential workers. It demonstrates our unwavering intent to help these unsung heroes realize their dream of homeownership. This funding extension is a direct impact on essential workers, making their path to owning a home much smoother, especially for those embarking on this journey for the first time.
A Testament to Success and Commitment
This generous $36 million injection is not only a testament to the success of the Hometown Heroes program but also a reaffirmation of our commitment to changing lives in a tangible way. It opens up new opportunities for essential workers, bridging the gap between aspiration and reality.
Boosting the Florida Housing Finance Corporation
The substantial funding will significantly boost the efforts of the Florida Housing Finance Corporation, an organization that plays a vital role in assisting first-time homebuyers. This financial injection will undoubtedly have a positive ripple effect in our communities.
Continuing the Legacy of the Florida Hometown Heroes Program
The Florida Hometown Heroes program, introduced in June 2022, has already transformed the lives of numerous essential workers by aiding them on their journey to homeownership. With an additional $36 million in funding announced on October 30th, 2023, the program is set for an even brighter future.
Empowering Essential Workers to Own Homes
The core mission of the Hometown Heroes program is to empower essential workers in Florida by broadening support structures for those who tirelessly serve our communities. This expansion aims to provide the necessary financial backing for these heroes to secure homes in their beloved neighborhoods.
Acknowledging the Importance of Community Service
By earmarking $36 million in funding, Governor DeSantis shows his unwavering support for community service and essential workers who selflessly contribute to their communities. This is a significant step toward rewarding their dedicated efforts.
A Strong Message of Support
The allocation of $36 million not only symbolizes the state's solidarity with essential workers but also reinforces Florida's commitment to empowering them. It's an expression of deep appreciation for their resilience and dedication.
Supporting Essential Workers' Homeownership Dreams
With a substantial $36 million in additional funding, Governor Ron DeSantis is breaking down barriers to homeownership for essential workers in Florida. This initiative is a powerful affirmation of the importance of homeownership in achieving the American dream.
Changing Lives and Empowering Communities
The Hometown Heroes program has already changed many lives, transforming the way essential workers live in Florida. The infusion of an additional $36 million will substantially increase the program's reach, impacting not just individual homeowners but also the state's economy.
The Role of the Live Local Act
The Live Local Act, supported by the Florida Legislature, significantly boosts the Hometown Heroes program, providing additional funding starting from the fiscal year 2023-2024. This legislative support confirms the state's commitment to helping first-time homebuyers achieve their dreams.
Nurturing Aspiring Homeowners
The new $36 million in funding aims to empower aspiring homeowners by alleviating some of the financial burdens associated with first-time home purchases. It strengthens the connection between essential workers and the resources they need to buy homes in their local communities.
Eligibility Criteria and Requirements
To qualify for the Florida Hometown Heroes program, there are specific eligibility criteria and requirements. These ensure a structured and equitable distribution of the funds to those dedicated to serving their communities. Understanding these criteria is essential for those seeking to benefit from the program.
Homebuyers must partner with a participating loan officer through Florida Housing.
A minimum credit score of 640 is required.
Applicants must be first-time homebuyers intending to buy a home in Florida.
Income should not exceed 150% of the median income for their respective county.
Empowering Essential Workers, Strengthening Communities
The Hometown Heroes program, with this additional funding, is set to empower more essential workers in Florida, breaking down barriers to homeownership and strengthening our communities. Join us in supporting the heroes who serve our communities with dedication and passion. #HometownHeroes #Homeownership #FloridaHeroes 🏡💪