Florida Hometown Heroes

If You’re A First Time Home Buyer Who Is Ready To Own Your Own Home and Who Wants To Stop Wasting Your Hard Earned Money On Rent, This Could Be The Best News You’ll Get All Year. Read On….

EFFECTIVE JUNE 1ST, 2022 ( Florida Housing Finance Corporation.)

The Hometown Heroes (HTH) Housing Program makes housing affordable for eligible “frontline” workers, educators, police officers, healthcare providers, childcare, firefighters, nurses, military personnel, and others by providing down payment and closing cost assistance to qualified homebuyers. The Florida Hometown Heroes Loan Program offers a lower first mortgage rate AND additional special benefits to those who currently serve their communities and those who have served and continue to serve their country.

WHO IS ELIGIBLE? PRIMAR- ILY TO THOSE PEOPLE WHO SERVE OUR COMMUNITY. FOR A COMPLETE LIST OF ELIGIBLE OCCUPATIONS CLICK THIS LINK: ELIGIBLE OCCUPATIONS

THE PROGRAM OVERVIEW:

• 5% Of the Total Loan Amount Capped at $25,000, Use Any Excess to reduce LTV.

• 30 Year Term, 0%, Non-Amortizing, No Monthly Payments

• REPAYABLE: When the Borrower Sells, Refinances, Transfers the Deed, or Vacates as their primary residence.

WHAT ADDITIONAL DOCU- MENTATION IS REQUIRED?

• Fully executed HTH Loan Program Attestation from borrower(s)-Pre-closing Form.

• Copy of State of Florida License or Certification

• Copy of VOE (Verification of Full Time Employment.)

TO BE ELIGIBLE YOU MUST:

• Get your first mortgage with Florida Housing in order to obtain DPA

• Minimum Credit Score is 640

• Homebuyer Education is required.

• Borrower must be working FULL time in the occupation they hold license/ certification.

• Only one of the Borrowers is required to be in that occupation. ELIGIBLE TYPES OF HOMES:

• Single Family Homes, Existing or Under Construction By A Builder.

• Town Homes and Condos.

• Up to 4 Unit Properties and the buyer must occupy one of them.

Clicking The Link Below Will Direct You To The Home Town Heroes APPLICATION WIZ- ARD. https://apps.floridahousing. org/StandAlone/FTHBWizard

ONE LAST THING. You must speak with a loan officer before taking any HomeOwner Education Course. Your loan officer will direct you to your correct course.

You’re welcome to meet me, call me or email me with any other questions you might have or to receive a copy of the Home Town Heroes HandBook.

John Alexandrou - Broker/Owner since 2003 | Avalon Realty Group: 3925 Peppervine Dr., Orlando, FL 32828

407-312-3928 | AvalonRealty@gmail.com