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This program makes homeownership affordable for eligible frontline workers such as law enforcement officers, firefighters, educators, health care professionals, childcare employees, and active military or veterans. It provides down payment and closing cost assistance for first-time homebuyers to purchase a primary residence in the community they serve. The hometown heroes program offers lower first mortgage rates on Fannie Mae, Freddie Mac, FHA VA, and USDA first mortgage loans. In addition, it provides reduced upfront fees and no origination or discount points as an added benefit.
Eligible buyers that qualify for one of the loan programs from Fannie Mae, Freddie Mac, FHA VA, or USDA first mortgage loans. Buyers can receive up to 5% of the first mortgage loan amount to a maximum of 25,000. The assistance is a second mortgage with 0% interest, amortized over 30 years without any monthly payments required. The second mortgage is repayable in full when the home is sold and refinanced, a transfer of deed is recorded, or the homeowner no longer occupies the house as a primary residence.
Eligible categories of frontline workers employed by a municipality, private companies, or self-employed individuals are acceptable. Verification of employment from employers and licensing or certification documentation are needed to confirm the occupation for self-employed individuals. The list of eligible occupations is inclusive and can be found here for our convenience.
Eligible buyers must meet at least one of Fannie Mae, Freddie Mac, FHA, VA, or USDA loan program guidelines. Your loan officer for the best program for your financial situation determines the loan program for the first mortgage. In addition:
Please complete the form below to receive loan and income limits for your Florida County and eligible occupations.
CharterStone Mortgage will help you decide the best mortgage program to fit your goals. We guide you through the pros and cons of each loan and compare them. We will find the best loan program to meet your financial goals. We have the expertise and experience to guide you through the complex guidelines of many down payment assistance programs. You decide what works best for you. Call us for more information and discuss the possibilities. We are happy to help!
Information is subject to change without notice. Not an offer to lend. All applicants must be credit approved. Not all applicants are approved or qualify for the program. CharterStone Mortgage is not affiliated with any government agency. The second mortgage APR is 0%.
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We are avaialble 7 days a week by phone, to meet in person or apply on line.
NOTICE: For information purposes only. This is not a commitment to lend or extend credit. Information and dates are subject to change without notice. All loans are subject to credit approval. Not all applicants are approved. We are not affiliated with any government agency. The website is intended for the state of Florida only.
CharterStone Mortgage | NMLS #1554192 | www.nmlsconsumeraccess.org | Florida License MBR 2128 | Equal Housing Opportunity