Hometown Heroes Program FAQ and Changes in 2025

Introduction to the Hometown Heroes Program

Dreaming of owning a home in Florida? If you're a hardworking resident, the Florida Hometown Heroes Program could be your golden ticket. With game-changing updates rolling out for 2025, now’s the time to get the full scoop.

This guide from Midwest Mortgage walks you through everything you need to know—from eligibility to benefits to how we can help you lock in your future home.

What is the Florida Hometown Heroes Program?

Mission and Purpose

The Hometown Heroes Program is Florida’s answer to making homeownership a reality for everyday workers who fuel their communities. While it was initially geared toward frontline workers, the scope is now much wider.

The core mission? Help people who serve Florida communities become homeowners—with up to $35,000 in down payment and closing cost assistance.

Common Misconceptions

Don't let the name fool you—it’s not just for police officers, teachers, or EMTs. If you’re employed in Florida and buying a home where you work, you're likely eligible.

Who is Eligible for the Program?

First-Time Homebuyer Requirement

You’ll need to be a first-time homebuyer, meaning you haven’t owned a primary residence in the past three years.

Minimum Credit Score

A minimum credit score of 640 is required. This shows lenders that you're financially responsible and ready for a mortgage.

Income Limits by County

To qualify, your household income must be under 150% of the Area Median Income (AMI). This threshold varies by county—check with Midwest Mortgage to find your exact cap.

Employment Criteria

Applicants must:

• Be employed by a Florida-based employer
• Purchase a home in the community where they work

Veterans Exemption

Good news for veterans: the first-time homebuyer rule doesn’t apply to you. That’s a small thank-you for your service.

2025 Changes Effective July 1st, 2024

Let’s break down the exciting updates:

Increased Down Payment Assistance

The assistance amount jumped from $25,000 to $35,000, giving buyers more financial breathing room.

Expanded Eligibility

Now open to all working Floridians, not just “frontline” professionals.

Additional Funding Allocation

Florida is pumping in $100 million more in funding, ensuring more people can access this opportunity.

Different Mortgage Options Under the Program

The program supports multiple mortgage types. Here's a breakdown:

FHA Loans

• Easier to qualify
• Low down payments
• Backed by the Federal Housing Administration

VA Loans

• For veterans and active military
• Zero down payment
• No private mortgage insurance (PMI)

USDA Loans

• For rural areas
• 100% financing
• Backed by the U.S. Department of Agriculture

Conventional Loans

• Require at least 3% down
• Often have stricter credit requirements
• May be ideal for those with strong credit histories

Income and Loan Limits – 2025 Updates

County-by-County Breakdown

Here’s what limits look like in a few key counties:

• Miami-Dade: Income cap – $154,800 | Loan cap – $557,750
• Hillsborough: Income cap – $130,350 | Loan cap – $472,030
• Volusia: Income cap – $128,250 | Loan cap – $472,030

Understanding HUD AMI Guidelines

Limits are based on HUD’s AMI standards, updated annually. Midwest Mortgage can help determine what applies to your situation.

The Application and Reservation Process

Finding a Participating Lender

Start with a trusted partner like Midwest Mortgage, who specializes in Hometown Heroes financing.

Loan Application and Approval

We’ll walk you through the mortgage application and check your eligibility for the assistance.

Home Selection and Purchase Process

Once pre-approved, find a home in the community where you work.

Fund Reservation and Closing

After your offer is accepted:

• Reserve the funds with a 1% reservation fee
• Complete the closing process (typically 30–60 days)

How Midwest Mortgage Helps

Personalized Support

We take a people-first approach—guiding you through every step, from credit readiness to closing.

Fast-Track Preapprovals

Our team ensures you get pre-approved quickly, so you can shop with confidence.

Tax Benefits Through Hometown Heroes

One of the best-kept secrets? Thousands of dollars in tax savings.

Documentary Stamp Tax Exemption

Normally, you'd pay $0.70 per $100 in purchase price (or $0.60 in Miami-Dade). The program waives this tax.

Intangible Tax Exemption

This exemption saves 2 mills per dollar of the mortgage amount—that’s around $2,000 on a $100,000 loan.

Final Thoughts and Next Steps

The Florida Hometown Heroes Program isn't just a policy—it’s a chance to build a future, one home at a time. With increased funding, broader access, and tax benefits, there’s no better time to explore your options.

At Midwest Mortgage, we’re here to turn “maybe someday” into “welcome home.”
Reach out to our expert team today—we’ll guide you every step of the way.

FAQs

1. Is the Hometown Heroes Program only for healthcare workers or teachers?

‍No, it's now open to all employed Floridians purchasing a home in the community where they work.

2. How long does the application process take?

‍Typically 30–60 days, depending on loan underwriting and home availability.

3. What happens if I change jobs after closing?

‍There’s no penalty after closing—but you must meet eligibility at the time of application.

4. Can I use this program with a co-borrower?

‍Yes, as long as both borrowers meet the program criteria.

5. Is there a deadline to apply for the 2025 benefits?

There’s no strict deadline, but funds are limited—apply early to increase your chances.