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Florida Heroes
Florida Housing Finance Corporation
www.floridahousing.org/Home/HomebuyersRenters/FTHB/

Contact


Florida Housing Finance Corporation
227 North Bronough Street Suite 5000
Tallahassee Florida 32301
(800) 814-4663






Program Overview


Florida Heroes is a program that provides low-interest mortgage loans to active duty military personnel and veterans.


Who is eligible for thisTest program?


Borrowers must be active duty military or veterans, and must have a minimum FICO credit score of 620 The maximum household income for eligible borrowers is $78720 in Miami-Dade or $85920 in Broward County for a family of one or two, and $918400 in Miami-Dade or $100240 in Broward County for a family of three or more. Lenders may set additional eligibility requirements. Funds may be used for the purchase of a home

Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


Statewide
The sales price cannot exceed $ In Broward County $391,153, or $478,076 for a home in a federally designated target area. In Miami-Dade, the maximum price is $391,153, or $478,076 for a home in a federally designated target area..


Benefit Details


The program offers low-interest, fixed rate mortgage loans for the purchase of single-family homes.

Benefit: Low-interest, fixed rate mortgage.
Loan Term:30 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:Application is made through participating lenders. Maximum percentage of the purchase price is fixed by the lender.

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