The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline workers. This is available in the Gainesville and surrounding communities in Alachua County. This program offers down-payment and closing cost assistance to first-time, income-qualified homebuyer. This program is to help first-time homebuyers purchase a primary residence.
Please visit website to learn more about the program: Florida Hometown Heroes Housing Program, this is the Florida Housing website that is full of information on this program. It should answer all of your questions. But you can call us for any help you need.
- Eligible frontline workers can receive lower than market 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 $25,000) 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.