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.
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.