NMLS #2432735
Lending Solutions for Business Success
What is Hometown Heroes Program
%20(3).png)
The Hometown Heroes Program offers financial support in the form of down payment and closing cost assistance to eligible first-time homebuyers with limited income. This assistance enables them to buy a primary home in the area where they are employed and actively involved in community service.
According to Florida Housing, this program's duration is expected to extend only for a maximum of 8 months following the updates that will be implemented on July 1, 2023. To benefit from this unique opportunity, act promptly by reserving your funds without delay.
How does the Hometown Heroes Program work?
It's simple Any qualified homebuyer can obtain these funds during the closing process as a second mortgage with a completely ZERO interest rate or monthly installment throughout the entire loan period. Repayment occurs solely upon the occurrence of a sale, refinance, or complete payoff of the loan.
Loan programs available: Conventional, FHA, VA, and USDA
​
​
Single family homes, Townhomes, Condominiums, Villas, 2-4 units total are permitted
​
​
Down payment and closing cost assistance is available in the form of a 0%, in non-amortizing, 30-year deferred second mortgage
​
​
Available for any Florida-based worker who has not owned a primary residence in the past 3 years
Hometown Heroes Program Requirements
Full-time Florida employee or business owners
working 35+ hours a week
​
Self-employed & remote workers
​
​
Real estate agents are now eligible!
​
​
640+ credit score
​
​
Qualifying buyer must be within the county
income limits
​
Co-signers are permitted
(if total combined income doesn't exceed limit)
Hometown Heroes down payment and closing cost assistance
Starting from July 1, 2023, the updated criteria remove the need for a specific occupation. As a result, any full-time employee in Florida now has the chance to qualify! Here is a breakdown of the potential financial aid you might be eligible for.
Purchase Price Potential Assistance
$200,000 $10,000
$300,000 $15,000
$400,000 $20,000
$500,000 $25,000
$600,000 $30,000
$700,000 $35,000
How to apply for
Hometown Heroes Program
We make applying easy and put home shoppers like you in the best
position to secure funds and purchase a home.
Follow the steps below to apply!
Call 305-707-7433 from 8 a.m. - 7 p.m.
EST Weekdays
Complete a 10-minute application
by phone and the Arigato Capital
Team will help you gather all
necessary documents.
Once reviewed, the Arigato Capital Team will schedule a phone consultation to go over all your loan option details, monthly payments,
and qualification status.
