For Potential Home Buyers in Florida: Additional $36 Million Hometown Heroes Funds Available November 6th

Breaking News, Florida Home Buyers: Additional $36 Million Hometown Heroes Funds Available NOW!

Florida Housing Lenders have reason to celebrate as an exciting development has just been announced that could make homeownership dreams come true for many individuals in the Sunshine State.

At its October 27th meeting, Florida Housing’s Board of Directors approved the allocation of an additional $36 million to the Hometown Heroes (HTH) Loan Program.

This program has been a remarkable success, assisting over 13,000 eligible first-time borrowers who live and work in Florida. The news of this financial boost is set to bring renewed hope to potential homebuyers across the state.

What is the Hometown Heroes Loan Program?

The Hometown Heroes Loan Program is designed to support those who are diligently serving their communities but who are in need of financial assistance to purchase their first homes.

The additional $36 million allocated to this program is a testament to its effectiveness and the positive impact it has had on aspiring homeowners in Florida.

You Must Act NOW

The most crucial piece of information for prospective homebuyers is that this additional funding will become available on Monday, November 6th.

However, it’s important to act swiftly because the demand for HTH funds is expected to be high, and the available funding may be committed quickly after its release. This means that if you are considering applying for this program, it’s essential to get prepared and ready to move forward as fast as possible.

It is also important to note that additional funding for the HTH Program is not expected to be available until sometime in 2024.

A Narrow Window of Opportunity

The opportunity to secure a portion of this $36 million is a limited one.

Reservations should only be made for loans that can meet the program’s timeline, which stipulates a 60-day window from Loan Reservation to Loan Purchase by the servicer, Lakeview.

Who is Eligible?

To be eligible for the Hometown Heroes Loan Program, borrowers must be employed full-time by a Florida-based employer and work 35 or more hours per week. This is an essential requirement to keep in mind when considering your eligibility for this program.

This additional funding is a fantastic opportunity for potential homebuyers in Florida, particularly those who have been tirelessly serving their communities.

Whether you’re a first-time homebuyer or you know someone who is, this financial boost to the Hometown Heroes Loan Program offers a chance to achieve homeownership dreams.

Florida Housing encourages all potential applicants and housing lenders to review the HTH Program Guidelines to ensure they meet the program’s requirements. It’s crucial to be well-informed and prepared to take advantage of this limited-time opportunity.

A Ray of Hope

With the increase in interest rates and home prices in Florida over the last two years, home ownership has felt like a pipe dream to many.

But this news is undoubtedly a ray of hope for those who have been struggling to make their homeownership dreams a reality. With the allocation of $36 million in additional funds, Florida Housing is demonstrating its commitment to supporting the residents of the state in their pursuit of homeownership.

Florida Housing expresses gratitude to all those who have supported the Homebuyer Loan Program, and they are excited to continue helping residents achieve the dream of owning their own homes.

With the Hometown Heroes Loan Program’s success and this additional funding, the path to homeownership in Florida just became a little brighter.

Today is the day the funds are released, so act swiftly, and let the journey to homeownership.