Florida Hometown Heroes, Explained
A state program that helps the people who keep our communities running buy their first home — with up to $35,000 in down payment and closing-cost help.
What it is
Hometown Heroes is a program of the Florida Housing Finance Corporation that helps eligible first-time buyers with down payment and closing costs. Assistance can be up to 5% of your loan amount, capped at $35,000. It comes as a 0% interest second mortgage that's deferred — you don't make monthly payments on it — and is repaid only when you sell, refinance, transfer, or pay off your first mortgage. (It's not forgivable.)
Who qualifies
- First-time buyer — you haven't owned a primary residence in the last three years
- Full-time employee of a Florida-based employer (veterans are exempt from the employment requirement)
- Minimum 640 credit score
- Under your county's income limit (roughly 150% of area median income)
- Buying a primary residence (no investment properties)
Since 2023, the program covers any full-time Florida employee under the income cap — not just specific professions.
Why timing matters
The state funds Hometown Heroes each year, and demand is high — recent rounds have run out within weeks of opening. Because availability changes, the smart move is to get pre-qualified early so you're ready the moment you find your home.
Not eligible? You still have options
Self-employed or 1099 earners don't fit this particular program — but there are other strong low-down and $0-down paths (including VA and USDA), and we're glad to map them for you. Explore all first-time buyer options →
How much can I get?
Up to 5% of your first mortgage, maxing at $35,000.
Do I repay it?
Yes — it's a deferred 0% second mortgage, repaid on sale, refinance, or transfer. It is not forgivable.
Is funding available right now?
It changes through the year; get pre-qualified early so you're ready.
Program details are based on Florida Housing Finance Corporation materials and are subject to program funding and guidelines; confirm current specifics at time of application.
See if you qualify for up to $35,000.
Check your Hometown Heroes eligibility in about a minute — no credit pull, no cost.