Attention, Florida real estate professionals and prospective homebuyers! We're thrilled to announce that the Florida Hometown Heroes Down Payment Assistance Program is set to make its triumphant return in July 2024. This program has been a game-changer for many, providing crucial financial support for first-time homebuyers, veterans, and active-duty service members looking to purchase homes in the Sunshine State. Here's everything you need to know to take advantage of this opportunity before the funds run out.
The Florida Hometown Heroes Program aims to assist first-time homebuyers, veterans, and active-duty members in purchasing homes across Florida. Eligible applicants can receive between $10,000 and $35,000 to use towards down payment and closing costs.
With a substantial funding of $100 million allocated for 2024, it's important to act swiftly. Similar funding in previous years has been exhausted within the first two months of the program's launch.
Time is of the essence with the Hometown Heroes Program. To secure your funds, prospective buyers must be preapproved by June 2024 and under contract by July. This ensures your down payment assistance funds are reserved with Florida Housing before they're depleted. Funds are distributed on a first-come, first-served basis, underscoring the urgency of early action.
Eligible applicants can receive up to 5% of the new loan amount in down payment assistance, ranging from $10,000 to $35,000. This often covers the entire down payment and provides additional funds for closing costs.
The Florida Hometown Heroes Down Payment Assistance Program presents an outstanding opportunity for achieving homeownership dreams. With funds depleting rapidly, early action is crucial! If you envision settling into your new home by mid-2024, don't delay—secure your future today!