Florida Hometown Heroes Program
Down Payment and Closing Cost Assistance to First-Time Homebuyers.
Ask us how you can benefit by working with us on your home purchase.
Florida Hometown Heroes Program: Down Payment Assistance for Eligible Homebuyers
At AAA Capital Funding, we are committed to helping you achieve your dream home with a variety of mortgage products tailored to your needs. This section provides detailed information about the Florida Hometown Heroes Program, which offers financial assistance to eligible individuals, including first-time homebuyers and frontline workers.
The Florida Hometown Heroes Program is available across all loan types, including FHA, Conventional, VA, and Non-Conventional mortgages.
Benefits of the Florida Hometown Heroes Program:
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First-time homebuyer status required
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Full-time employee of a Florida-based employer (effective July 1, 2023)
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Income and loan limits apply
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Up to 5% in assistance for down payment and closing costs (up to $35,000)
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Assistance provided as a 0% interest, 30-year deferred second mortgage (due upon property sale, refinancing, transfer of deed, or when the property is no longer your primary residence)
Florida Hometown Heroes Quick Facts:
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Minimum Credit Score: 640
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Maximum Debt Ratio: 50%
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Minimum Down Payment: 0% (for VA loans)
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Pre-Payment Penalty: None
Instant Quote – Contact Us Today!
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Local: 954-390-7994
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Toll-Free: 1-888-601-8344
Florida Hometown Heroes Program Requirements:
To qualify for the Florida Hometown Heroes Program, certain criteria must be met. Key requirements include:
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First-time Homebuyer: Must meet the IRS definition of a first-time homebuyer, which means you have not owned a home as your primary residence in the last three years. Veterans, active-duty service members, and widows of deceased veterans are exempt from this requirement.
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Full-Time Employment: You must be employed full-time by a Florida-based employer (as of July 1, 2023).
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Primary Residence: The property purchased must be your primary residence.
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Income and Loan Limits: You must not exceed the income and loan limits for the county in which you plan to buy.
Credit Requirements:
You must meet the credit requirements based on the type of mortgage loan selected (Conventional, FHA, VA, etc.). Speak to a AAA Capital Funding loan officer for more specific guidance.
Homebuyer Education:
Homebuyer education is required, and we can assist you with completing this process.
How to Qualify for Down Payment Assistance:
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You may receive up to 5% of your loan amount in down payment and closing cost assistance, with a maximum limit of $35,000.
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The assistance is provided as a deferred second mortgage with no interest and no monthly payments, due only upon the sale of the property, refinancing, transfer of deed, or if the property is no longer your primary residence.
Florida Hometown Heroes Quick Facts
| Minimum Score | 640 |
| Maximum Debt Ratio | 50% |
| Minimum Down Payment | 0% (if VA) |
| Pre-Payment Penalty | No |
Contact Us
Local: 954-390-7994
Toll Free: 1-888-601-8344
Text: WhatsApp
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What our clients say about their experience.
Don’t Take Our Word for It. Read What Our Customers Have to Say about AAA Capital Funding.
We are very grateful to Jason and the AAA CAPITAL FUNDING to made it possible.With all their efforts and hard work we are enjoying our house now.Godless to all of them!!!and the next time we are planning to buy another house we are definitely consider them again.
AAA CAPITAL FUNDING IS THE BEST COMPANY YOU CAN TRUST!!!
Thank you so much, Jason, for making our dream home a reality!
Great experience, never gave up.
I recommend Jason to everyone looking for their dream home!
Jason Thank you so much for all of your help! Thank you for going the extra mile for us on every step of our New Home
Thank you for all of the hard work you’ve done( I’m in tears now just thinking how long we have come) We are endlessly grateful to have you as our agent and couldn’t be happier with the way everything worked out.We appreciated your patience and expertise. Your insight was extremely valuable to us and I don’t think we could have done this without you. we are so thankful and Grateful for your assistance, patience and expertise.Everytime we feel giving up He will always said Today Not the Day to Give up
We greatly appreciate your dedication It’s been fantastic Working with
You Are The best Jason I thank you from the Bottom of my Heart
If you have friends or family who need help buying a home in the future I highly recommend cause This guy is a Genius
My overall experience of the home buying process was straightforward and easy. Going into this knowing nothing, I did not know what to expect, but Jason and my realtor guided me and explained things throughout the process. Jason was always responsive and really easy to communicate with, so I was always learning and aware of what is happening in real-time and what to expect next. I was preapproved in early August and found a house I liked in late August. My offer was accepted, and from there Jason was on point with getting things done. I was able to close at the end of September and can now say I am a homeowner! I have read/heard about negative experiences and how stressful buying a home can be, so I am genuinely grateful for how smooth my home buying experience with AAA Capital was. Thank you again Jason and team.
