Down Payment Assistance Agency (DPAA)
Hometown Heroes Program Florida Down Payment Assistance Agency
We're the go to source for Down Payment Assistance Florida Programs and for the Florida Hometown Heroes Housing Program through the Florida Housing Finance Corporation which helps make homeownership more affordable with the Hometown Heroes Program Florida.
Down Payment Assistance Agency (DPAA)
Down Payment Assistance Programs Florida Hometown Hero Program
The Down Payment Assistance Agency offers homebuyers assistance with finding programs available through the State Housing Initiative for the Down Payment Assistance Programs Florida Act. The Hometown Hero Program is open to all Florida employees working at least 35 hours per week. Learn How You Can Get Access to $35,000 for Your Down Payment to Purchase Your Home not to exceed 5% of the of the Purchase Price.
Hometown Heroes Program
For First Time Homebuyers who qualify based on income and occupation.
Down Payment Assistance
Down Payment Assistance Programs for people who make over six figures and who aren't first time home buyers.
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Down Payment Assistance Guide in 2025 to the Hometown Heroes Program Florida
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Hometown Heroes Program Qualifying Guidelines in Florida
Understanding the Florida Hometown Heroes Program: Your 2025 Guide
The Florida Hometown Heroes Program helps All Florida residents, essential workers, including active military personnel, buy a home with up to $35,000 in down payment and closing cost assistance, plus zero-interest loans. This guide covers the benefits, eligibility, and application process for the Hometown Heroes Housing Program.Key Takeaways
The Florida Hometown Heroes Program provides up to $35,000 in down payment and closing cost assistance to eligible first-time homebuyers, particularly those in essential community service roles. This program is only for primary residence homebuyers.
Eligibility criteria include being a first-time homebuyer, having a minimum credit score of 640, meeting income limits based on county median income, and full-time employment in Florida.
Recent program changes have expanded eligibility to all full-time employed residents, increased payment and closing costs assistance, and allocated additional funding, thereby enhancing access to homeownership for a broader range of Floridians. This program is supported by the Florida Housing finance corporation.
Hometown Heroes Program

Overview of the Florida Hometown Heroes Program
The Florida Hometown Heroes Program, spearheaded by the Florida Housing Finance Corporation, aims to make housing more affordable for eligible first-time buyers, particularly those who serve their communities in essential roles. From law enforcement officers to healthcare professionals, this program is a lifeline for many who dedicate their lives to serving others, including those benefiting from the hometown heroes housing program and Florida hometown heroes housing. However, it has been opened to all who work full time for a FL based employer.
To qualify for the Florida Hometown Heroes Program, businesses must have a headquarters or a brick & mortar location in Florida. This ensures that work-from-home employees still report to a specific Florida location, reinforcing the significance of having a physical presence in the state.
One of the standout features of the Florida Hometown Heroes Program is the financial assistance it provides. Eligible participants can benefit from substantial down payment and closing cost assistance, with the maximum amount available reaching up to $35,000. This maximum down payment assistance is a game changer. This significant support can be a game-changer for many prospective homeowners, alleviating the often-daunting upfront costs associated with buying a home.
Moreover, the program offers a second mortgage with a 0% interest rate, further easing the financial burden on participants by providing zero interest loans. Eliminating the upfront 1% origination fee ensures more funds are available for the actual home purchase. The Florida Hometown Heroes Program is not just about financial support; it’s about making the dream of homeownership a reality for the heroes among us. Additionally, zero interest loans are available to help those in need.
Eligibility Criteria for the Hometown Heroes Program
Anyone considering the Florida Hometown Heroes Program must understand the eligibility requirements. The program is designed to be inclusive yet targeted, ensuring that those who genuinely need assistance can access it. All gainfully employed residents of Florida are encouraged to apply, provided they meet specific criteria. This is only for primary residence and not for investment property non-occupying homes. Keep in mind the payment assistance equals 5% of the purchase price and that would be your maximum down payment assistance for the hometown heroes housing program. If the homeowner no longer occupies the property as their primary residence, the second mortgage must be repaid in full.
These criteria include being a first-time homebuyer, meeting certain credit score requirements, adhering to income limits, and fulfilling employment conditions for eligible buyers. Each of these factors plays a pivotal role in determining eligibility and ensuring that the program reaches its intended beneficiaries for the hometown heroes housing program.
Let’s delve deeper into these requirements for the Florida hometown heroes housing down payment assistance.
First-Time Homebuyer Requirement
To qualify as a first-time homebuyer under the Florida Hometown Heroes Program, an individual must not have owned a primary residence in the past three years. This requirement ensures that the program benefits those who are genuinely stepping into homeownership for the first time. However, veterans are given special consideration and are exempt from both the first-time homebuyer and employment criteria.
This focus on first-time homebuyers underscores the program’s commitment to helping those who are new to the housing market, offering them a solid foundation through down payment and closing cost assistance. The definition of a first-time homebuyer is crucial, as it opens the door to various support mechanisms provided by the program. Remember the hometown heroes loan program is only for primary residence only borrowers. The assistance is intended solely for new purchases and not for properties that have already been purchased.
Credit Score Requirements
To qualify for the Florida Hometown Heroes Program, a minimum credit score of 640 is required. This requirement ensures eligibility for the program. This threshold ensures that participants have a reasonable level of creditworthiness, which is essential for securing a mortgage loan. Those purchasing a manufactured home face a slightly higher credit score requirement of 660.
Credit scores play a pivotal role in the home buying process, influencing not only eligibility but also the terms of the mortgage loan. Meeting these credit score requirements maintains the program’s integrity and effectiveness, facilitating smoother transactions for all parties involved. Additionally, meeting the credit score requirements can also affect the cost of private mortgage insurance (PMI).
Income Limits
Income limits are another critical factor in determining eligibility for the Florida Hometown Heroes Program. These limits are based on 120% of the area’s median income, with specific thresholds varying by county. For instance, income limits range from $128,250 to $162,750 depending on the location.
These income caps ensure the program assists those who may struggle to afford a home in their area. By setting these limits, the program targets income-qualified homebuyers who can benefit the most from down payment assistance and other financial support mechanisms.
Employment Requirements
To be eligible for the Florida Hometown Heroes Program, at least one applicant must be employed full-time by a Florida-based employer. This requirement ensures that the program supports those who are active duty contributors to the local economy. Self-employed individuals must provide third-party confirmation of their full-time employment status to qualify. Self-employed individuals can provide verification of their full-time work status through a letter from a tax preparer, CPA, or bookkeeper.
The employment criteria prioritize those gainfully employed who can sustain achieving homeownership. Whether you are a healthcare professional, a law enforcement officer, or part of the US armed services, meeting these employment requirements is crucial for accessing the benefits of the program.
Hometown Heroes Program In Florida
Hometown Heroes Housing Program

Hometown Heroes Housing Assistance Program
Hometown Heroes Program in Florida
Down Payment Homeownership Assistance Florida
Down payment homeownership assistance Florida programs are designed to help eligible homebuyers overcome the financial barriers of making a down payment on their first home. In Florida, there are various programs available that provide down payment homeownership assistance, including the Down Payment Grant Florida, Heroes program Florida flyer, Florida Homeownership Loan Program, and Payment Assistance Loan.
The Down Payment Grant Florida program provides eligible homebuyers with up to $35,000 in down payment assistance. This loan can be used towards the down payment and closing costs of a home. This program is available to first-time homebuyers and those who have not owned a home in the past three years.
The Hometown Heroes Florida Program flyer provides down payment homeownership assistance to eligible frontline community workers who have been providing essential services during the COVID-19 pandemic. This program is managed by the Florida Housing Finance Corporation (FHFC) and provides zero-interest loans to eligible heroes, such as healthcare workers, first responders, and educators, to help them purchase a home in Florida.
The Florida Homeownership Loan Program provides down payment homeownership assistance in the form of a second mortgage. The loan can be used to cover the down payment, closing costs, and prepaid expenses of a home. This program is available to first-time homebuyers, military veterans, and those who have not owned a home in the past three years.
The Payment Funding Assistance Loan is a zero-interest loan that provides down payment assistance to eligible homebuyers. This program is available to first-time homebuyers and those who have not owned a home in the past three years. The loan must be repaid when the home is sold, refinanced, or the mortgage is paid off.
In conclusion, these down payment assistance programs can provide a significant boost to eligible homebuyers who are struggling to make a down payment. By offering grants, zero-interest loans, and other forms of assistance, these programs help to make homeownership more accessible and affordable for those who need it most.
Floridahousing.org hometown heroes offers down payment assistance programs in Florida, including options specifically designed for hometown heroes programs in Florida.

There are a variety of down payment assistance (DPA) programs available in Florida to help homebuyers with limited funds for a down payment. These programs provide a down payment assistance loan to eligible borrowers to help them with their upfront costs. Some DPA programs in Florida are offered through state and local government agencies, while others are offered through private lenders or nonprofit organizations. Many of these programs are designed to work in conjunction with other mortgage programs, such as FHA loans, VA loans, or conventional loans. By combining a DPA loan with a mortgage program, homebuyers in Florida can reduce their upfront costs and potentially qualify for a lower interest rate on their mortgage.
Hometown Heroes Down Payment Program in Florida
The Florida Hometown Heroes Program has undergone significant changes effective from July 1st, 2024, aimed at expanding its reach and impact. These changes include increased funding allocation, higher income and loan limits, and a more streamlined application process as part of the hometown heroes loan program. Participants can receive ranges of down payment assistance from $10,000 to $35,000, depending on the new mortgage loan amount.
These modifications are designed to make the program more accessible and beneficial to a broader range of participants. Increasing financial support and simplifying the application process aims to help more Floridians achieve homeownership.
Increased Down Payment Assistance
A notable change is the increase in down payment assistance, now reaching up to $35,000. This enhancement significantly boosts the financial support available to prospective homeowners, making the dream of owning a home more attainable. The increased assistance can be used for both down payment and closing costs.
This increase in down payment assistance reflects the program’s commitment to providing meaningful support. Raising the maximum assistance amount helps alleviate the substantial upfront costs that often serve as a barrier to homeownership.
Expanded Participant Eligibility
Initially, the Florida Hometown Heroes Program was designed for frontline workers, including educators, healthcare professionals, Veterans on active duty and non active duty, and law enforcement officers. However, eligibility has now been expanded to include all full-time employed residents of Florida.
This broadened eligibility criterion significantly opens the program to a wider pool of potential participants. By including all full-time working Floridians, the program aims to make homeownership more accessible to a larger segment of the population. The expanded eligibility now also includes active military personnel, ensuring they receive substantial down payment and closing cost support.
Additional Funding Allocation
The program has also seen a significant increase in funding, with an additional $100 million allocated to support more participants. This infusion of funds enhances the program’s capacity to provide down payment assistance and other financial support to eligible homebuyers through paid payment assistance programs.
The increase in funding demonstrates the state’s commitment to the program and its beneficiaries. By allocating more resources, the program can sustain its support for a larger number of participants, helping more Floridians achieve their homeownership dreams.
Heroes Program in Florida
DOWN PAYMENT ASSISTANCE PROGRAMS FLORIDA
Down Payment Assistance Agency
We know that the homebuying process can sometimes feel overwhelming as well as exciting, but we help make the process easier by showing you step by step how to navigate to achieving the dream of home ownership with down payment assistance programs. We have more than two thousand programs available to assist with down payments and access to hundreds of millions and the heroes program Florida has one hundred million available July 1, 2025.
Broward County
Broward County Homebuyer Purchase & Down Payment Assistance Program offers up to $80,000 towards Down Payment.
City of Tampa
City of Tampa Homebuyer Purchase & Down Payment Assistance Program offers up to $40,000 towards Down Payment.
City Of Boca Raton
City of Boca Homebuyer Purchase & Down Payment Assistance Program offers up to $95,000 towards Down Payment.
City of Orlando
City of Orlando Homebuyer Purchase & Down Payment Assistance Program offers up to $40,000 towards Down Payment.
City of Miami
City of Miami Homebuyer Purchase & Down Payment Assistance Program offers up to $150,000 towards Down Payment.
Volusia County
Volusia County Homebuyer Purchase & Down Payment Assistance Program offers up to $50,000 towards Down Payment.
Types of Down Payment Assistance Programs Florida
73% Down Payment And Closing Cost Assistance
64% of Down Payment or Closing Cost Assistance Programs Have Deferred Payments
43% are Forgivable Loans
38% of all Down Payment or Closing Cost Assistance Programs are Forgivable Loans with deferred Payments
Grants: Gifts which do not have to be repaid
Second Mortgages: Loans with very low or no interest rate where the payment may be deferred or forgiven incrementally for each year the buyer remains in the home.
Combined First Mortgage & Down Payment Programs
Down Payment Assistance Programs
11% Additional Programs
Includes matched savings programs, Housing Choice Vouchers (HCV) and other programs.
10% First Mortgage Loans
Below-market interest rates, lower or no mortgage insurance, or 100% Financing.
5% Mortgage Credit Certificates (MCCs)
Provide up to $2,000 in annual tax credits for the life of the loan.
Hometown Heroes Down Payment Program
The Hometown Heroes Florida program provides Florida’s frontline community workers in eligible professions with down payment and closing cost up to $35,000 with limitations of 5 percent of the purchase price. An example of how the Florida Hometown Heroes Homeownership Program works is if you purchase a house for $300,000, then FHA would require 3.5% for the down payment which would be $10,500.00. The 5% of the purchase price is $15,000.00 which is maximum you would be allowed for down payment and closing cost. Now you have to subtract the 3.5% down payment that would be paid on your behalf which is done by $15,000 – $10,500.00 = $4,500.00 available or remaining that can be used towards closing cost.
The Hometown Heroes down payment assistance program in Florida is a program that provides discounts on mortgage loans to eligible first responders, military personnel, and teachers. The program aims to recognize and reward the sacrifices and contributions made by these heroes to their communities.
Eligible heroes can receive discounts on mortgage loan origination fees, closing costs, and interest rates. The exact terms and conditions of the program vary depending on the participating lender.
To participate in the Florida Hometown program in Florida, eligible heroes must meet certain requirements, such as being a first responder, military personnel, or teacher, and providing proof of their employment or military service.
It’s important to carefully consider the terms and conditions of the program and compare it with other mortgage loan options before making a decision. It’s also advisable to consult with a financial advisor to determine if the Hometown Heroes Florida Housing program is the right choice for you. You can also learn more about the HUD First Homebuyer program for alternative homeownership options. The First Time Home Buyer Tallahassee Program Hometown Heroes is a special initiative that offers unique benefits and support to first-time homebuyers who are also hometown heroes in the Tallahassee area.
Florida Hometown Heroes Program Qualifications
Income and Loan Limits by County
Income and loan limits for the Florida Hometown Heroes Program vary by county, impacting eligibility and the amount of assistance available. For example, the income limit in Pinellas County is $136,350, while in Miami-Dade County, it is $154,800. These limits are designed to reflect the cost of living and median household income in different areas, ensuring that assistance is appropriately distributed.
Similarly, loan limits also vary, with Miami-Dade County having a loan limit of $557,750 and Broward County’s loan limit reaching up to $550,000. These county-specific limits ensure that the financial support provided by the program aligns with local housing markets, making homeownership feasible for a broader range of income-qualified homebuyers. Keep in mind the loan amount will be a percentage of the purchase price. Down payment assistance can be used to pay certain fees, such as transaction and processing fees, but not the Realtor’s commission.
Mortgage Loan Options Available
The Florida Hometown Heroes Program offers a variety of mortgage loan options to cater to the diverse needs of its participants. The Florida Hometown Heroes Housing loan is a second mortgage but the following mortgages listed below will be a first mortgage. Eligible individuals can apply for the Florida hometown heroes loan, including:
Conventional loans (no upfront fees for mortgage insurance)
FHA loans (FHA offer higher mortgage insurance but more lenient guidelines)
VA loans
USDA loans
Each first mortgage loan type comes with its unique benefits and terms. For instance, USDA loans are tailored for rural areas and do not require monthly mortgage insurance.
Participants can receive up to 5% of their first mortgage loan amount as down payment assistance funds, provided in the form of a 0% interest, deferred second mortgage. This assistance is due upon certain triggers, such as selling the home, allowing homeowners to benefit from immediate support without the pressure of immediate repayment. This is a non amortizing loan with no points or discount points. Keep in mind since you don’t make any mortgage payments that’s why it’s non amortizing. Additionally, there is no monthly payment required for the down payment assistance provided by the program.
Moreover, the program enables participants to access lower interest rates on their first mortgages, making homeownership more affordable. VA loans under the program also offer notable benefits, such as no down payment requirement and no monthly mortgage insurance, making them an attractive option for veterans.
These diverse mortgage options allow participants to choose the best fit for their financial situation and long-term goals. The mortgage rate is set by the market for the program. Whether opting for a conventional loan or a government-backed loan, the program provides robust support to help Floridians achieve homeownership. Keep in mind the second mortgage is a zero interest new mortgage loan amount up to 5% of the purchase price for the hometown heroes housing program.
Finding an Authorized Participating Mortgage Lender
To take advantage of the Florida Hometown Heroes Program, prospective applicants need to connect with an authorized participating mortgage lender. These lenders are specifically approved to provide the benefits associated with the program, ensuring that participants receive accurate and beneficial guidance.
Many lenders provide online resources to help individuals find participating mortgage lenders, simplifying the application process for the borrower. Ensuring that the chosen lender is authorized is crucial, as it guarantees access to the program’s full range of benefits and support.
Tax Exemption Benefits
The Florida Hometown Heroes Program also offers significant tax exemption benefits for eligible homebuyers. Participants are exempt from both the documentary stamp tax and intangible tax, potentially saving around $2,000 based on the mortgage amount.
These tax exemptions offer substantial financial relief, enabling homebuyers to allocate more funds towards their mortgage payments or home improvements. This financial benefit and additional special benefits are another way the program supports Floridians in achieving and sustaining homeownership. The Florida hometown heroes housing program is a very sought out program for Floridians.
The Florida Hometown Heroes Loan Program also known as Hometown Heroes makes housing affordable for eligible workers, educators and military personnel by providing down payment and closing cost assistance to qualified homebuyers. The Down Payment Assistance Agency assist Hometown Heroes by accessing lower first mortgage rate and additional special benefits to those who currently serve their communities and those who have served and continue to serve their country. Get approve for the Florida hometown heroes housing program.
What is the Florida Housing Hometown Heroes Program Initiative?
The Florida Housing Homeownership Program for Heroes (also known as the Hometown Heroes initiative) is a state-run program that provides special benefits and assistance to Florida residents who are active-duty military, veterans, first responders, and teachers. This program is designed to recognize and support the sacrifices that these individuals have made to serve their communities and their country.
The Florida Hometown Heroes Loan Program is offered through “The Bond Alternative” (TBA), which helps to increase and preserve affordable housing opportunities for Florida’s frontline, emergency workers and military personnel (active duty and veterans). With TBA Program, the income and the first time homebuyer status of the borrowers(s) only is considered. This Homebuyers Program does not consider household income or the first time homebuyer status of the spouse if the spouse is not the loan. The homebuyers assistance program is concerned about Borrower(s) or parties that appear on the mortgage note.
Under the Hometown Heroes initiative, eligible individuals can receive special benefits, such as reduced mortgage interest rates, lower closing costs, and more favorable loan terms. These benefits are meant to make homeownership more accessible and affordable for these deserving individuals.
One of the key benefits of the Hometown Florida Heroes program is the reduced mortgage interest rate. This rate can be as much as one percent lower than the market rate, which can result in substantial savings for eligible homebuyers over the life of their loan. Additionally, the program provides lower closing costs, which can help homebuyers save money up front.
Another important aspect of the Hometown Heroes initiative is the more favorable loan terms. This can include longer loan terms, lower monthly payments, and more flexible credit and income requirements. These more favorable loan terms can help make homeownership a reality for many individuals who may have struggled to secure a traditional mortgage.
In addition to these benefits, the Hometown Heroes Florida program also provides educational resources and support to help eligible individuals navigate the homebuying process. This can include homebuyer education classes, financial counseling, and access to local real estate professionals who understand the unique needs and challenges of the Hometown Heroes population.
The Hometown Heroes initiative is an important recognition of the sacrifices made by military members, veterans, first responders, and teachers. By offering special benefits and assistance, this program helps to make homeownership more accessible and affordable for these deserving individuals.
Overall, the Florida Housing Homeownership Program for Heroes is a valuable resource for those who have dedicated their lives to serving their communities and their country. Whether you are an active-duty military member, veteran, first responder, or teacher, this program provides the support and resources you need to achieve the dream of homeownership.

Florida Hometown Heroes Housing Program for First-Time Homebuyers
The Florida Hometown Heroes Housing Program is a life-changing opportunity for eligible first time buyers who are ready to transition from renting to owning. Designed to support income qualified homebuyers, this initiative helps reduce the financial barriers many face when purchasing a home. By offering payment and closing support, competitive interest rates on the first mortgage, and unique loan structures like a second mortgage, the program enables buyers to potentially save thousands on upfront costs.
Under this program, eligible first time buyers who work full time for a based employer in Florida, particularly an approved FL based employer, may qualify for significant financial aid. The assistance offered comes in the form of a non amortizing second mortgage, meaning it carries no monthly payments and no interest. This deferred loan is intended specifically to cover payment and closing expenses, allowing buyers to preserve their savings and instead apply funds toward their new home.
When securing a first mortgage, income qualified homebuyers often struggle to gather enough funds for payment and closing costs. That’s where the Florida Hometown Heroes Down Payment Assistance Program can truly help you save thousands. In fact, the program is structured to provide maximum assistance tailored to each buyer’s specific situation—often helping cover everything from the down payment to prepaid taxes and insurance.
The program allows for multiple uses of the funds toward payment and closing costs associated with the first mortgage. Buyers who are employed full time by a based employer, such as school districts, hospitals, law enforcement agencies, and city governments, can also unlock additional special benefits.
These might include lower interest rates, reduced mortgage insurance, or grants—each of which can help save thousands more during the home buying process. What makes this program stand out is the emphasis on community and public service. If you’re a full time employee of a based employer, especially a qualifying FL based employer, you could be eligible to receive both a favorable first mortgage and a non amortizing second mortgage that covers up to the full payment and closing expenses. This structure could help you save thousands at closing and throughout the life of your loan.
Each first mortgage through the program is paired with a second mortgage that does not accrue interest and only becomes due when the home is sold, refinanced, or no longer used as your primary residence. This thoughtful loan structure is key to helping Floridians save thousands in out-of-pocket costs upfront.
Whether it’s covering your payment and closing costs, securing your first mortgage, or taking advantage of additional special benefits, the Florida Hometown Heroes Program is one of the most powerful tools to help you save thousands, again and again. If you’re a full time worker employed by a based employer, now is the time to explore your options. With the potential to save thousands on your first mortgage, payment and closing costs, and more, this is one opportunity you don’t want to miss.
What Are the Benefits of the Hometown Heroes Florida Program?
One of the benefits of the Florida Hometown Heroes Loan Program is that it offers eligible borrowers a greater opportunity to purchase a home an remain in the community in which they work and serve. The Florida Hometown Heroes does NOT have an upfront 1% Origination Fee which is charged on other Florida Housing First Mortgage Loan Products. This saves the borrower(s) thousands of dollars in upfront closing costs. Lenders are not permitted to charge the standard 1% Origination Fee charged on Florida Housing’s other first mortgage program loan products. Lenders are only allowed to charge standard, reasonable and customary origination fees.
The Florida Hometown Heroes Housing Program: Supporting Florida’s Community Workforce in Achieving Homeownership
The Florida Hometown Heroes Housing Program in Florida is a commendable initiative aimed at providing support and assistance to income-qualified buyers who are also hometown heroes. With an emphasis on promoting homeownership, this program offers various benefits such as closing cost assistance, reduced upfront fees, and competitive mortgage loan options. Let’s delve into the key aspects and advantages of the Florida Hometown Heroes Housing Program, designed to help eligible individuals purchase their dream homes.
Closing Cost Assistance and Mortgage Loan Options: One of the major benefits of the Heroes Program Florida is the provision of closing cost assistance. This valuable assistance significantly reduces the financial burden associated with purchasing a home, making homeownership more accessible to income-qualified buyers. Through the program, eligible buyers can secure a mortgage loan that covers a substantial portion of their closing costs, ensuring a smoother transition into homeownership.
First Mortgage Loan Amount and Competitive Interest Rates: The Florida Hometown Heroes Housing Program offers a first mortgage loan amount that aligns with the income and eligibility requirements of the buyers. To qualify, applicants must meet certain criteria, including a minimum credit score of 640 and the intention to use the purchased property as their primary residence. With competitive mortgage interest rates, borrowers can benefit from lower monthly payments, ultimately making their homeownership journey more affordable and sustainable.
Special Benefits for Hometown Heroes: The Florida Hometown Heroes Homeownership Program recognizes and honors the significant contributions of the eligible community workforce. The program extends additional special benefits to these hometown heroes, including reduced upfront fees and the availability of a second mortgage option. By offering these advantages, the program aims to support and encourage these dedicated individuals to achieve their homeownership dreams.
Eligibility Requirements and Local County Data: To qualify for the Hometown Heroes Homeownership Program, applicants must meet specific eligibility criteria. These requirements may include being employed by a Florida-based employer and being part of the eligible full-time workforce. The program takes into account local county data, such as the area median income, to determine eligibility and provide assistance tailored to the unique needs of each community.
Collaboration with Freddie Mac and Fannie Mae: The Hometown Heroes Housing Program works in collaboration with Freddie Mac and Fannie Mae to provide advantageous mortgage options to qualified buyers. Buyers can benefit from market interest rates and the expertise of these government-sponsored enterprises, ensuring a smooth and reliable home buying process. With reduced origination points and discount points, buyers can save thousands of dollars and receive lower interest rates, making homeownership more attainable.
Governor Ron DeSantis’s Support for First-Time Homebuyers: Governor Ron DeSantis recognizes the importance of supporting first-time homebuyers in Florida. Through the Florida Hometown Heroes Housing Program, his administration actively promotes homeownership, offering a non-amortizing second mortgage to assist first-time buyers. This additional support serves as an invaluable resource for those looking to enter the housing market and establish a secure foundation for their future.
The Florida Hometown Heroes Housing Program in Florida is an exemplary initiative that aims to provide comprehensive support to income-qualified buyers, specifically targeting hometown heroes. With its array of benefits, including closing cost assistance, competitive mortgage loan options, and reduced upfront fees, the program significantly enhances the prospects of homeownership for eligible individuals. By collaborating with government-sponsored enterprises and leveraging local county data, the program ensures tailored assistance and fosters sustainable homeownership for Florida’s community workforce. With the Hometown Heroes Homeownership Program, individuals can confidently embark on their homebuying journey and turn their dreams of homeownership into a reality. Get started today and embrace the opportunities that the Hometown Heroes Homeownership Program has to offer.
Benefits of the First Mortgage for Hometown Heroes
- The Florida First Heroes is for government back or insured loans such as FHA, VA and USDA. It offers eligible borrowers a 30 year, fixed rate mortgage. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
- The HFA Preferred Heroes is for TBA Conventional Fannie Mae Loans. It offers eligible borrowers a 30 year, fixed rate mortgage. This first mortgage also offers borrowers a reduced Private Mortgage Insurance (PMI) premium for borrowers below 80% AMI. Standard PMI applies to borrowers above 80% AMI. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
- The Florida HFA Advantage Heroes is for TBA Conventional Freddie Mac Loans. It offers eligible borrowers a 30 year, fixed rate mortgage. This first mortgage also offers borrowers at reduced Private Mortgage Insurance (PMI) premium for borrowers below 80% AMI. Standard PMI applies to borrowers above 80% AMI. Borrowers who qualify for this mortgage program will automatically qualify for down payment assistance.
Homebuyers in Florida Are Finding it Easier to Obtain Homeownership with the Heroes Program.
Hometown Heroes Program In Florida
The keys to obtaining homeownership are within reach with the Florida Hometown Heroes Housing Program. Apply Now while funds are still available for first time homebuyers in Florida.
FL Hometown Heroes Second Mortgage
The Down Payment Assistance Agency helps prospective homebuyers who qualify for the FL Hometown Heroes TBA First Mortgage loans are eligible to receive down payment and closing cost assistance in a 0%, non-amortizing, 30-year, repayable second mortgage. This second mortgage is equal to 5% of the value of the first mortgage and is capped at $35,000.
It is worth noting, however, that this second mortgage is non-forgivable, and the borrower will be required to repay the outstanding mortgage balance in full if :
- They complete payment on the first mortgage
- They refinance the first mortgage
- Transfer the deed of the property
- No longer occupy the property as their primary residence
Summary
The Florida Hometown Heroes Homeownership Program is a comprehensive initiative designed to support those who serve their communities by making homeownership more accessible and affordable. With benefits like substantial down payment assistance, zero-interest loans, and significant tax exemptions, the program provides a robust framework for achieving the dream of homeownership. Many have achieve homeownership with the hometown heroes housing program.
By expanding eligibility and increasing funding, the program continues to evolve, ensuring that more Floridians can benefit. As you consider your path to homeownership, the Florida Hometown Heroes Program stands as a testament to the state’s commitment to supporting its community heroes. The Florida hometown heroes housing program is one of the easiest to qualify.
Frequently Asked Questions
Who qualifies as a first-time homebuyer under the Florida Hometown Heroes Program?
A first-time homebuyer under the Florida Hometown Heroes Homeownership Program is defined as an individual who has not owned a primary residence in the last three years, with veterans being exempt from this stipulation.
What is the minimum credit score required for the program?
The minimum credit score required for the program is 640, and for manufactured homes, the score must be at least 660.
How much down payment assistance can participants receive?
Participants can receive up to $35,000 in down payment and closing cost assistance.
Are there income limits for the program?
Yes, there are income limits for the program, which are set at 120% of the area’s median income, typically ranging from $128,250 to $162,750 depending on the county.
What types of loans are available through the Florida Hometown Heroes Homeownership Program?
The Florida Hometown Heroes Homeownership Program offers conventional, FHA, VA, and USDA loans, each designed to provide unique benefits to eligible participants. This variety ensures that you can choose the option that best meets your financial needs for the Florida hometown heroes housing program.
Frequently Asked Questions about the Hometown Heroes Homeownership Program in Florida DOWN PAYMENT ASSISTANCE FOR COMMUNITY SERVANTS
Hometown Heroes Program in Florida
Florida newest down payment assistance program to help make homeownership more affordable for frontline community workers such nurses, firefighters, law enforcement officers and over 100 other positions. It is now open to all Florida employees who work full time.

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HOME TOWN HEROES HOUSING PROGRAM
Home Town Heroes Loan Program

HOMETOWN HEROES HOUSING PROGRAM FLORIDA
Down Payment Assistance Programs Florida

HOMETOWN HEROES LOAN PROGRAM FLORIDA
Down Payment Assistance Programs Florida
“We’re extremely proud to share this milestone because it demonstrates how much the Home Town Heroes Loan program is already helping hardworking Floridians throughout the state,” said Trey Price, Executive Director of Florida Housing Finance Corporation.

HOMETOWN HEROES LOAN PROGRAM FLORIDA
Down Payment Assistance Programs Florida
Florida Housing Market Overview
$391,300
Median Sales Price
Up 10.1
%Year-Over-Year
24,517
# of Homes Sold
11/2023
FL Housing Market
HOW WE WORK WITH THE FLORIDA HOUSING FINANCE CORPORATION?
Working together to help our Hometown Heroes in Florida Achieve Homeownership
Down Payment Assistance & Closing Cost Assistance
1. Complete Live Database Form
Based on the data you provide as far as household members, income and location, etc. The system will find you down payment money available to you.
2. Down Payment Programs
Within seconds you will see usually multiple down payment assistance programs you qualify for sent you via email directly with the amount of money available.
OUR PROCESS
How To Find Down Payment Assistance Programs
We are here to make the process easier with cutting edge technology
to find any down payment assistance money available in every county in the state of Florida.
3. License Mortgage Loan Officer
After you receive the down payment assistance programs you qualify for, you will then receive a license mortgage loan officer contact information to help you.
OUR ACTIVITIS
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