Florida’s ‘Hometown Heroes Housing Program’ Helps Teachers and First Responders Buy Their First Home
Starting tomorrow, June 1st, Florida residents will have access to a statewide program in over 50 professions, including teachers and first responders, that will allow them to purchase their first home.
According to FloridaHousing.org, $100 million Hometown Heroes Housing Program will provide assistance with down payments, closing costs, and a lower mortgage rate to first-time, income-qualified homebuyers to purchase a home in the community where they work.
- Eligible frontline workers can receive lower than market 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 $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 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.
Eligible occupations, housing limits and more can be found here
2022 has been off to a horrific start for those of us who might be looking for a new home this year. It is definitely a seller’s market, to say the least. But, while that may be the case, there are still people out there in need of finding a home no matter what and are looking for the best places to buy a house in Lee County.
Thanks to the folks over at Niche.com, there are several neighborhoods and locations in Lee County that might need to be considered if you’re looking to relocate now or in the near future.
In order to come up with this list, Niche.com used the Best Places to Buy a House ranking, which provides an in depth assessment of the housing and community of any given area. To come up with this grade, the following is taken into account, such as key factors of a location’s housing market, including home values, taxes, crime rates, and quality of local schools, in an effort to measure the quality and stability of a given area’s real estate market. From their list, we have listed the best 25 places to live in Lee County, going from 25 down to 1.
Check out the list of the Best Places To Live In Lee County below.
