The Florida Hometown Heroes program is a state-funded initiative that provides down payment and closing cost assistance to eligible homebuyers in Florida. In 2025, the program is open to all full-time employed Floridians who meet specific requirements, expanding beyond its original focus on frontline workers. Qualified applicants can receive up to $35,000 in assistance through a 0% interest, 30-year deferred second mortgage.
Key Features:
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Down Payment and Closing Cost Assistance:The program offers a zero-interest, 30-year deferred second mortgage to help with down payment and closing costs.
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Expanded Eligibility:While initially focused on frontline workers, the 2025 program is open to all eligible full-time Floridian employees.
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Income Limits:Applicants must have a household income that does not exceed 140% of the area median income.
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First-Time Homebuyer Requirement:Generally, applicants must be first-time homebuyers, or haven’t owned a home in the past three years (with some exceptions).
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Florida-Based Employment:All applicants (except those using a VA mortgage) must be employed by a Florida-based employer.
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Loan Type Flexibility:The Hometown Heroes loan can be used in conjunction with conventional, FHA, VA, or USDA loans.
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No Monthly Payments:The second mortgage has no monthly payments and is repaid upon sale, refinance, or payoff of the first mortgage, or when the borrower ceases to occupy the property.
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Limited Funding:The 2025 program has a set amount of funding, and it’s important to act quickly once the program officially launches.
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First-Come, First-Served:Funds are allocated on a first-come, first-served basis.
