🏡 Hometown Heroes Mortgage Assistance Program: Helping Florida’s Essential Workers Achieve Homeownership
The Hometown Heroes Mortgage Assistance Program: Helping Florida's Essential Workers Become Homeowners
The Your Home Sold Guaranteed Radio Show, hosted by Rick Kendrick, recently aired an exciting episode on July 2, 2023, discussing the Hometown Heroes Mortgage Assistance Program. This impactful initiative, backed by Governor Ron DeSantis, provides much-needed financial assistance to essential workers in Florida, helping them achieve homeownership with down payment and closing cost assistance.
What Is the Hometown Heroes Mortgage Assistance Program?
The Hometown Heroes Program was originally launched to support frontline workers, such as teachers, healthcare professionals, law enforcement officers, and firefighters, in purchasing homes. Due to its success and high demand, the program was recently expanded under SB 102 to include all first-time homebuyers who work more than 35 hours a week in Florida.
Key Benefits of the Program
Up to $35,000 in Assistance: Eligible homebuyers can receive financial assistance to cover down payments and closing costs.
Reduced Interest Rates: Offers below-market interest rates, making homeownership more affordable.
Expanded Eligibility: Now available to all first-time homebuyers, not just frontline workers.
Zero-Interest Second Mortgage: The assistance is in the form of a 0% interest loan, which only needs to be repaid if the buyer sells, refinances, or moves out of the home.
Special Insights from Mortgage Expert Eric Rosemary
Rick Kendrick welcomed Eric Rosemary, Branch Manager at Cross Country Mortgage, to discuss the details of the program. Eric shared insights on how homebuyers can qualify and how his team at Cross Country Mortgage is actively helping buyers take advantage of this opportunity.
Who Qualifies?
First-time homebuyers (anyone who has not owned a primary residence in the last three years).
Florida residents working 35+ hours per week.
Minimum credit score requirement of 640.
How to Apply?
To determine eligibility, buyers should contact a qualified lender, like Eric Rosemary, who can guide them through the application process and provide pre-approval.
Why This Matters to Homebuyers in Florida
With rising home prices and increasing mortgage rates, securing assistance through the Hometown Heroes Program can make homeownership more attainable. By reducing upfront costs and offering lower interest rates, this program ensures that hardworking professionals can find affordable housing in their communities.
Final Thoughts & Next Steps
If you or someone you know is a first-time homebuyer in Florida, now is the time to explore the Hometown Heroes Mortgage Assistance Program.
📞 Contact Rick Kendrick at 561-901-3333 or visit RickHasTheBuyers.com to learn more and get connected with trusted mortgage professionals like Eric Rosemary.
📅 Tune in every Sunday at 10 AM on 850 WFTL AM for more expert insights on home buying, selling, and mortgage trends!
Looking for a Guaranteed Home Sale? At Your Home Sold Guaranteed Realty of Florida, we take the stress out of home selling with our exclusive Seller Guarantee Program—if we can’t sell your home, Rick will buy it for cash! Call today to learn more!
