Good Morning Realtors and Customers,
I’m excited to share with you a new Loan Program that I feel is going to be very helpful to a large segment of potential homebuyers who work in the Protection, Education, and Healthcare Occupations in Southwest Florida.
What is it?
The HomeTown Heroes Program offers down payment assistance of up to 5% of the loan amount (or $25,000 max) to eligible First Time Homebuyers who work in the Protection, Education, and Healthcare industries.
Why is this important?
With the increase in home prices, one of the biggest obstacles to homeownership is having enough funds to cover down payment and closing costs. With the median home price around $400,000, on average, a First Time Homebuyer would need about $20,000 of their own funds to buy a home. HOWEVER, with the Hometown Heroes Program, they would receive a little over $19,000 in assistance. This allows our HEROES to buy a home with little money out of pocket.
Who Qualifies?
Any First Time Homebuyer working in the over 50 eligible occupations for the Program. Call me or email me at [email protected] for a complete list.
What Should I Do About This?
If you’re a Realtor, start sharing this with your Database. You definitely have current and past clients that can either personally benefit from this program or have Friends & Family that can benefit. Share this on Social Media, don’t forget to TAG Nathan Davis so I can answer any questions. If you’re a Past Customer, please share this with Friends & Family that you think can benefit from it. If you work in the Protection, Education, or Healthcare Industry, share this with your employer or HR Department. We can do presentations to Groups that could benefit from learning about the Program and becoming a Homeowner.
Community Lending powered by Hamilton Home Loans, Inc. will be doing a Podcast next week as well. In the meantime, call me at 239-898-8841 or email me at [email protected] if you have any questions. Have a wonderful weekend!
