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Hometown Heroes - Now Live!

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Hometown Heroes Program is Now LIVE!

What is it & Who can apply?

July 20th, 2022

We have some exciting news to share to all our nurses, firefighters, law enforcement, teachers, veterans and the close to 50 additional service careers that are the backbone to our Floridian way of life. Thanks to the efforts from Florida Realtors® and the legislative power of RPAC, "Florida Hometown Heroes" was launched on June 1st, 2022 which has opened up the opportunity for so many of our local heroes to experience the benefits that come with homeownership. There are currently 3 million plus eligible Florida workers who can take advantage of this program and it's our job to retain and share this information with all of our eligible clients!

What is the Hometown Hero Program?

Hometown Heroes is a downpayment assistance program that will provide a 5% downpayment (up to 25K) interest-free to all approved eligible first-time homebuyer applicants. In total - Florida has set aside 100 million dollars worth of funds for this program and there are already more than 240 lenders who are approved in providing these loans and we expect this number to grow as the the program becomes more commonplace.

Through this program - the applicants will have the ability to pair with a traditional FHA/VA/Conventional Mortgage and will increase their potential purchasing power through the increased downpayment and the 150% AMI/income limit per county. The HTH (Hometown Heroes) loan can be paid in a 30-year term that is 0% Non-Amortizing and can be set up in a flexible manner without monthly payments.

How Can Eligible Participants Apply?

It's very important to note that this program is only for first-time homebuyers. In Florida according to the IRS a first-time homebuyer is "someone who has not owned a home in the past three years and is a primary resident of Florida". So don't count out a client that has purchased a home in the past.
Ned Hale

Kevin Weinkauff

Communications & Technology for BER

Florida Native, Lifelong SWFL Resident, Former Realtor & FGCU graduate. Here to help you with your questions on MLS, Membership and MORE.

In addition to our residents, someone moving from another state can also be considered a first-time homebuyer in Florida as long as they plan on making this purchase their primary residence.

If you or someone you know is eligible - here is what you/they need to do to apply:

  • Connect with a participating loan officer (More then 240+ as of July 2022 - Expect this to grow exponentially)
  • Make sure the applicant has a credit score of at least 640.
  • The applicant must provide a certification of one of the eligible occupations.
  • The applicant must meet the income threshold for the county.
If you are looking to learn more about the program, the Florida Realtors have released a packet explaining all you need to know and a list of eligible participants: HERE

More Information (provided by Florida Realtors®): HERE

Keep an eye out as this program will become more common in your transactions and be sure to attend our training so you can help your client if they are eligible.

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