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The Hometown Heroes Housing Program delivers meaningful financial assistance by providing up to five percent of a loan amount — with a maximum of $35,000 — in the form of a zero-interest, non-amortizing second mortgage. This structure allows buyers to use the funds for down payments and closing costs, with repayment deferred until the home is sold, refinanced, or transferred. Bryk notes that this deferred model creates essential breathing room for new homeowners, especially in luxury markets where upfront costs can be a significant barrier.
Eligibility requirements are carefully designed to support those in essential professions while ensuring accessibility. First-time buyers must not have owned a home within the last three years and must work full-time for a Florida-based employer. Veterans are exempt from these two conditions. Income limits are based on county figures, up to 150 percent of the area median income. The program includes a broad range of professions such as law enforcement, educators, healthcare workers, emergency responders, and military personnel.
Other program requirements include a minimum credit score of 640 and completion of a HUD-approved homebuyer education course. Ben Bryk, drawing from his expertise in the luxury real estate market, emphasizes the flexibility of the program in working with FHA, VA, USDA, and conventional loans. This ensures that buyers at many price points, including those in premium property brackets, can explore homeownership with more confidence.
Florida’s essential workers now have enhanced access to homeownership with the help of the Hometown Heroes Housing Program. A full breakdown of this opportunity is available in Florida’s Hometown Heroes: Help for First-Time Homebuyers in HelloNation Magazine.
About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content and storytelling, HelloNation delivers expert-driven articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.
Pat McCabe
HelloNation
[email protected]
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