Then you need to look into Florida’s Hometown Heroes Program with no restrictions on occupations anymore!
This down payment assistance program has changed from career and income-based assistance to just income based assistance. This program provides down payment and closing cost assistance to first-time, (anyone wo has not owned and lived in a primary home in the past 3-years) income-qualified homebuyers so they can purchase a primary residence.
Program Details:
- Eligible full-time workforce, employed by a Florida-based employer can receive lower than market interest rates on an FHA, VA, RD, Fannie Mae or Freddie Mac first mortgage, reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.
- Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $35,000) in down payment and closing cost assistance.
- Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in full, upon sale of the property, refinancing of the first mortgage, transfer of deed or if the homeowner no longer occupies the property as his/her primary residence. The Florida Hometown Heroes loan is not forgivable.
Contact us and we will get you in touch with a qualified mortgage company for more information.