Hometown Heroes!

If you’re a first-time homebuyer, this Hometown Heroes program is just what you need. It will help you fulfill your dream of buying a home for your family. If you don’t have enough cash for the downpayment and closing costs, here is your opportunity! Take advantage of this program.

What Can You Get from the Hometown Heroes Program?

• Down payment and closing cost assistance, which is 5% of the amount of your first mortgage loan, up to $35,000 in assistance.
• Lower interest rates for your FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage loan
• Reduced upfront fees and costs

The down payment and closing cost assistance will be a 0% interest deferred second mortgage, to be paid off when the property is sold or refinanced, or if the property is no longer occupied as a primary residence.

And you just have to check the Hometown Heroes Program Florida qualifications.

What are the Hometown Heroes Program requirements?

• You are a first time home buyer.
• You will live in the home you’re going to buy. It will be your primary residence.
• Your employer or company is based in Florida.
• You’re working for a minimum of 35 hours per week.
• If self-employed, you need to register your company through Sunbiz.org or provide your most recent 1099 form.
• Your income must be within the program’s maximum income limits. See limits below.

What are the Hometown Heroes Income Limits for 2023?

For the Tampa Bay area (Hillsborough, Pasco, Pinellas and Hernando counties), the maximum income limits are the following:
FHA, VA, HFA Preferred and HFA Advantage: $130,500
USDA-RD (1 to 4-person household): $103,500
USDA-RD (5-or-more-person household): $136,600

*Updated as of May 26, 2023

What are the Maximum Home Loan Amounts?

For the Tampa Bay area:

FHA: $472,030
VA, HFA Preferred and HFA Advantage: $726,200

*Updated as of May 26, 2023

How to Apply for Hometown Heroes Program?

Contact Irene Sandiego. She works with a lender specializing in Hometown Heroes Program.

Irene will help you find the right home, and she’ll also help you work with the Hometown Heroes lender.

You can also message Irene here. Please mention Hometown Heroes.

Want to know more about Irene’s work in real estate and reviews? Here: About Irene Sandiego

Reference: Florida Housing Finance Corp. Hometown Heroes Program