First-time Home Buyer Program
Get up To $35,000 In Down Payment And Closing Cost Assistance
The Hometown Heroes (HTH) Housing Program makes housing affordable for eligible “frontline” workers, educators, police officers, healthcare providers, childcare, firefighters, nurses, military personnel, and any one working in Florida by providing down payment and closing cost assistance to qualified homebuyers.
Program Details
You 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% interest, non-amortizing, 30-year repayable 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 their primary residence. The Florida Hometown Heroes loan is not forgivable.
Requirements
Have Your Job Or Business Located In Florida
At least one person on the loan must be employed by a Florida employer or have a business located in Florida.
Be A First Time Homebuyer
First Time Homebuyers considered anyone that haven't have any interest in a home in the last 3 years. if you currently own a home and haven't bought one in the last 3 years, you are ELIGIBLE!
640 Credit Score
Minimum of 640 credit score required.
Type Of Loans
This program can be paired with FHA, Conventional and VA loans.
How To Get Started?
1. Fill Out Form
Fill out with contact info.
2. Check Your Eligibility
Check to see you are eligible.
3. Schedule Call With Loan Officer
A Loan officer will reach out to you and take you to the next steps.
OUR TESTIMONIALS
What Homebuyers are saying
Eric K.
Math Teacher
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Luis C.
Business Owner
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Alexis K.
Registered Nurse
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Why Us
Fast Approvals
When you complete your loan application, our loan officers can get you a pre-approval as fast as minutes.
Fast Closings
We collect your documents upfront and have it reviewed before you even get under contract, that save about a week in the process.
Competitive Rates
We work with the top lenders in ther industry and you get to shop and pick the ones with the best rates instead of 1 lender with only 1 rate rate.
Smooth process
Our easy to use portal allows you to conveniently upload docs and see exactly what you need so you can feel comfortable and in control of the process.
Frequently Asked Question
Is the HTHP a loan or a grant?
The HTHP is not a grant. It is available in the form of a 0% interest, non-amortizing, 30-year repayable 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 their primary residence.
Are there income limits?
Yes. Borrowers must not exceed the maximum income limit requirements for the county in which property is being purchased Hometown Heroes Loan Limit and Income Limit Lookup
How much can I qualify for?
Florida Hometown Heroes allows borrowers to receive up to 5% of the loan amount (capped at $35,000) in down payment and closing cost assistance. It can be paired with additional assistance programs to maximize amount of received assistance.
The Money is running out fast. Click below to get started.
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Office:
2125 Biscayne Blvd Suite 259
Miami FL 33137
Call:
855-843-4441
Email:
info@clearwatercapitalgroup.com
Site: www.clearwatercapitalgroup.com
NMLS#1969887