fbpx

Florida Gives $25,000 Real Estate Aid to “Hometown Heroes”

Randy Gilbert, J.D.

Chief Happiness Officer

Florida’s Title Insurance Company

[email protected]

(954) 500-Title (8485)

First let me point out, I said “Gives $25,000,” I did not say “Forgives $25,000.” So here is how Florida’s newly funded, $100 Million Dollar Hometown Heroes program works; and if you qualify, then it is an amazing program! If you don’t qualify then that’s okay. Keep reading until the end, because there are three (3) additional programs that are just too good to be true.

When did the Hometown Heroes program start, and why haven’t I heard about it? June 1st, 2022.

Who is offering the Hometown Heroes program? 40 years ago, Florida’s legislature created the Florida Housing Finance Corporation (“Florida Housing”), as a quasigovernment agency charged with assisting Florida residents in obtaining affordable housing through a variety of programs; this is their newest.

How much can I get? Up to 5.00% of your first mortgage loan amount (maxed at $25,000.00).

What can it be used for? Both the down payment and closing costs.

What real estate is eligible? Existing properties, new properties (but not if obtaining a construction-perm loan), detached single family homes, condos, Up to 4-unit properties if buyer occupies one unit, town homes, mobile homes with land, and modular homes with land.

Is this a Loan or a Gift? It’s a 0% loan. It is not a grant, nor a gift, nor will it be forgiven.

When do I have to repay it? The loan gets recorded as a 30-year deferred 2nd mortgage which must be repaid in full upon: (1) Sale, (2) Refinancing; (3) Deed transfer; or (4) Homeowner no longer occupying property as their primary residence.

Can I apply with any lender or mortgage broker I choose? No. … Read the rest of this article in full at https://ftic.net/articles/.

FTIC is a national award winning title insurance company known for its white glove customer service and “No Junk Fee Guarantee.” ®

You May Also Like

Is Your Thyroid Wacked?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 lowteflorida.com Do you wake up tired? Are you so tired at the end of your workday that you just want to sink into the couch and be done? Fatigue is the number one reason patients come to LowTE Florida –

Carolyn z
Lanap Laser Treatment

Mark McCawley, DMD, MS, FACD Tom McCawley, DDS, FACD McCawley Center for Laser Periodontics, Implants and Breath Treatment 800 E. Broward Blvd. Fort Lauderdale, FL 33301 954-522-3228 Mccawley.com Gum disease (also known as periodontal disease) is a bacterial infection that causes the gums to detach from the teeth and the surrounding bone to be progressively

Dr Tom McCawley
We Scan For Life

Tom Graham Life Imaging Fla 1981 W Hillsboro Blvd, Deerfield Beach, FL 33442 Appointments: 954-834-6362 General inquiries: 954-834-6362 – www.lifeimagingfla.com Life Imaging Fla is an imaging center based in Orlando and Deerfield Beach, Florida. The facility serves all of South Florida with advanced early detection of heart disease and cancer, and a wide range of

Tom Graham
Aging Well Is More Than Good Luck and Good Genes

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 lowteflorida.com With luck, good genes, good habits, and good hormones many older people are enjoying a great life! If you want to “Age Naturally”, leave an apple on your counter for three months. That is a good example of what

Carolyn z

Other Posts

Have You Lost That Lovin’ Feelin’?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 lowteflorida.com Valentine’s Day inspires many ads and promotions focused on love. If you find this irritating – you may benefit from hormone optimization! Testosterone is inherently responsible for the chemical feeling of desire and satisfaction. A simple tweak of your

Carolyn z
Questions To Ask Before Choosing A Periodontist

Mark McCawley, DMD, MS, FACD Tom McCawley, DDS, FACD McCawley Center for Laser Periodontics, Implants and Breath Treatment 800 E. Broward Blvd. Fort Lauderdale, FL 33301 954-522-3228 Mccawley.com 1. Are you a pioneer in laser treatment with several published research studies? We had the first Nd:YAG laser in the country in 1990. We have been

Dr Tom McCawley
For the Love Of Food

Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Are you a Foodie? Are you an Epicurista? Are you a Culinarian? Are you a Gourmand, a Gourmet? What does it all mean? Are you one? Are you one and don’t know it? Do you

Lose Weight Fast

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 lowteflorida.com That sounds too good to be true! However, I have seen it time after time. Do you have 3 weeks that you can focus on YOU and on YOUR weight loss? Most of my patients have lost 10-20 pounds

Carolyn z