The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.
This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a lower first mortgage rate and additional special benefits to those who have served and continue to serve their country.
Program Details:
- Eligible frontline workers can receive lower than market rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.
- Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance.
- Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in full, upon sale of the property, refinancing of the first mortgage, transfer of deed or if the homeowner no longer occupies the property as his/her primary residence. The Florida Hometown Heroes loan is not forgivable.
If you have any questions regarding this or any financing options, please feel free to contact Dawn Schweiker at 772-837-9000.
Dawn Michelle Schweiker,
NMLS 230645
Cell: 609-560-2052
Dawn Schweiker is a mortgage loan broker with over 25 years of experience in the mortgage industry. She has the knowledge and experience to help guide borrowers and real estate agents to the programs that best suit their needs. As a loan broker with Premier Mortgage Partners of Florida, she has the ability to not only shop interest rates between lenders, but she also has access to over 300 mortgage programs to help borrowers with a wide array of products.
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