Ann Saphir Updated Wed, November 13, 2024 at 12:03 PM EST 4 min read2 By Ann Saphir…
Effective July 1st: HOMETOWN HEROES opens for all Full-Time workforce, employed by a Florida-Based Employer.
Effective July 1st: HOMETOWN HEROES opens for all Full-Time workforce, employed by a Florida-Based Employer.
PROGRAM HIGHLIGHTS:
-Any Florida based worker who has not owned a home for the last 3 years is eligible.
-Must be a full time employee (35+ hours a week).
-5% of the loan amount, up to $35,000 eligible for downpayment and/or closing costs.
-The 5% will be in the form of a 0% interest second mortgage.
-No repayment on the second mortgage until house sells or refinances.
-640 minimum credit score.
-Income limits for borrowers only (income limits vary by county).