Hometown Heroes is about to Unleash $50 Million!
š” Florida’s Hometown Heroes Program: Act Fast Before Funds Run Out!
Florida Housing’s Hometown Heroes Program offers a golden opportunity for qualified homebuyers this year—but with demand expected to far outpace supply, time is of the essence.
What Is the Hometown Heroes Program?
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A statewide downāpayment and closingācost assistance program for firstātime and incomeāqualified buyers purchasing a primary residence
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Offers up to 5% of the first mortgage amount (capped at $35,000, with a $10,000 minimum) delivered as a zeroāinterest second mortgage
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Supports a broad range of loan types—FHA, VA, USDA, and Conventional—and includes reduced fees, no loan origination or discount points, and lower-than-market first mortgage rates
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Eligibility now extends to all fullātime Florida workers, not just first responders, with income limits expanded up to 150% of area median income (AMI) by county in 2025
šØ Faster Funding, Half the Capacity (2025 UPDATE)
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In 2024, Florida allocated $100 million to this initiative.
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For 2025, the allocation is down to just $50 million, making this year more competitive than ever.
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Translation: demand will be high, and the funds will not last—act swiftly to reserve assistance.
Additional Florida Housing Assistance Programs You Should Know About
HomeBuyer Programs Overview
Florida Housing offers several other state-supported secondāmortgage programs that can work alongside Hometown Heroes:
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Florida Assist: Deferred, interestāfree second mortgage, up to $10,000 for down payment or closing costs—repayable when you sell, refinance, move, or pay off the mortgage
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HFA Advantage (FL Plus): Forgivable after 5 years, covers 3–5% of first mortgage amount, usable for down payment and closing costs at no interest
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Florida Homeownership Loan Program (FL HLP): Up to $10,000 at a low 3% interest rate, with a repayment term of up to 15 years or sooner if the home is sold, refinanced, or transferred
šÆ Key Takeaway
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Don’t wait—with only $50M in state funding for 2025, demand will likely exceed supply.
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The Hometown Heroes program is bigger and more flexible than ever, now open to all full-time Florida workers.
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When layered with programs like Florida Assist, HFA Advantage, or FL HLP, buyers may qualify for significantly more assistance.
š If you need an expert local lender, I can help connect you now! Call or text 352-870-5700
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