11/13/2023
๐ฃGreat news coming out of Tallahassee! The Hometown Heroes program just got $36 million more in funding. What does this mean, you ask?!
๐This means that there is financial help to full-time employees who live and work in Florida and earn less than $137,100 for those who live in Sarasota & Manatee County. The maximum down payment assistance available per homebuyer is $35,000, or up to 5% of their first mortgage loan amount. To get started, homebuyers must connect with one of the participating loan officers (we can connect you) and be a first-time homebuyer (veterans are exempted from this requirement). Just to clarify, the IRS definition of a first-time homebuyer, means they must not have owned and occupied their primary residence for three years prior to their new home purchase. This includes individuals who have never owned a home, as well as single parents who have only owned with a former spouse while married.
โผ๏ธThis is great news for anyone currently renting, who would like to buy a home and need help with a down payment. Reach out to us if you have any questions! We'd love to help you get on the road to homeownership! ๐
The Florida workforce housing program offers buyers down payments up to $35K for full-time Fla. workers who earn less than 150% of their areaโs median income.