Mortgage Programs / Programas Hipotecarios
Home Town Heroes
Real Estate agent and mortgage broker offering this HTH program.
The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible community workforce.
This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. The Florida Hometown Heroes Loan Program also offers a competitive first mortgage interest rate and additional special benefits to those who have served and continue to serve their country. We are in Clearwater and use real estate lenders approved lenders and real estate mortgage approved companies.
Program Details:
- 640 FICO
- At least 35+ weekly hours, earned
- Eligible full-time workforce, employed by a Florida-based employer can receive lower than market interest rates on an FHA, VA, RD, 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 $35,000) 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 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. The Florida Hometown Heroes loan is not forgivable.
DSCR
DSCR loan options are perfect for investors looking to expand their real estate portfolio. It allows borrowers to use the prospective monthly rental income to qualify, rather than their current income.
Foreign National
Moving to a new city? We offer relocation services to help you find the perfect home in your new location, with personalized support every step of the way. We are located in Clearwater area, St. Pete and TampaBay with out real estate mortgage products and real estate agents eager to help.
Conventional
Real estate lenders can approve eligible borrowers Only borrowers with a valid social security number are allowed FTHB loans up to 97% LTV, minimum of 620 FICO.
FHA
580+ FICO, Up to 97.75% LTV
- Eligible for primary purchase, rate/term and cash-out refinances
- Available on single- and multi-wide manufactured homes
- Jumbo starting $1 over conforming loan limit up to FHA Mortgage Limit