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Florida Hometown Heroes Program: 2025 Expansion Could Bring $200 Million in Funding for First-Time Homebuyers

The Florida Hometown Heroes Housing Program has been instrumental in helping first-time homebuyers by offering essential financial assistance. Due to its popularity, funds were quickly utilized in 2024. Now, there’s promising news: industry leaders are advocating for a renewal of the program in 2025 with an increased budget of $200 million.

Key Points:

  • Proposed Expansion: he aim is to double the program’s impact, allowing more families to achieve homeownership.

  • Current Status: n 2024, the program received $100 million, benefiting over 6,000 families.

  • Legislative Approval Needed: he proposed increase requires approval from Florida lawmakers and Governor Ron DeSantis. Program Benefits:

  • Up to $35,000 in assistance (5% of the loan amount).

  • 0% interest, deferred-payment second mortgage*.

  • Lower-than-market interest rates* on first mortgages.

  • Eligibility for all full-time workers employed by a Florida-based employer.

  • Income limits vary by county*; check with a participating lender for details. Eligibility Criteria:

  • Work 35+ hours per week for a Florida-based employer.

  • Be a first-time homebuyer (not owned a home in the past three years).

  • Meet income and purchase price limits based on their county. Next Steps:

  • Stay informed about legislative updates.

  • Complete a homebuyer education course (a program requirement).

  • Get pre-approved by a participating lender.

  • Monitor the Florida Housing website for official announcements.

The Florida Hometown Heroes Housing Program continues to be a vital resource for many residents.f the proposed expansion is approved, 2025 could offer even greater opportunities for first-time homebuyers in Florida.

For more information, visit the official Florida Housing Finance Corporation website: FloridaHousing.org or contact your loan officer.

Additionally, programs like the Hometown Heroes Housing Program offer further benefits, aiding recruits in purchasing homes.

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