Are you a Florida Hometown Hero?
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At Exact Rate Mortgage we can help! The Florida Hometown Heroes Housing Program makes home ownership affordable for eligible front line community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.
- Eligible front line workers can receive lower than market rates on an FHA,VA, 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 the 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.
There is an entire list of eligible occupations allowed under this program by the state of Florida. Unsure if your profession qualifies?