First Time Home Buyers
in Fort Lauderdale

FLORIDA HOMETOWN HEROS PROGRAM

The Florida Hometown Heroes Housing Program makes homeownership affordable for eligible frontline community workers such as law enforcement officers, firefighters, educators, healthcare professionals, childcare employees, and active military or veterans.

This program provides down payment and closing cost assistance to eligible US Veterans and/or first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve.

Program Details:

Borrowers can receive up to 5% of the first mortgage loan amount (maximum of $25,000) in down payment and closing cost assistance making it possible to purchase a home with limited personal funds.

Eligible frontline workers can receive reduced upfront fees, no origination points or discount points and down payment and closing cost assistance.

Down payment and closing cost assistance is available in the form of a 0%, non-amortizing, 30-year deferred second mortgage. This second mortgage becomes due and payable, in full, upon sale of the property, refinancing of the first mortgage, transfer of deed or if the homeowner no longer occupies the property as his/her primary residence. The Florida Hometown Heroes loan is not forgivable.

Does your occupation qualify as a Florida Hometown Hero? Receive a list of qualifying occupations via email now.

Residential Mortgage and Loans for First Time Home Buyers

Along with buying your first car, graduating from college, and getting married are milestones most people want to achieve. Another goal that most people share in common is owning a home. People who have been through the process and have already made their dream a reality will reflect on the moment they closed on their first home.

Unfortunately, not many people have the financial resources to completely finance their home out of pocket. Fortunately, there are a number of mortgage solutions offered across the country to help homebuyers purchase their dream home.

These programs include a number of options for first-time homebuyers even if they have low to moderate income levels. In addition to these, there are programs meant to assist first-time home buyers that don’t necessarily have the best credit scores.

FSMG’s First-Time Home Buyer Solutions

Florida State Mortgage Group, Inc participates in a number of first-time home buyer programs. We offer various FSMG-originated conforming and government residential loans to first-time buyers.

In addition to that, in participating counties we offer residential mortgage loans in conjunction with a Mortgage Credit Certificate (“MCC”). The MCC program grants up to $2,000 an IRS income tax credit to homeowners for each year they own and occupy a mortgaged property as their primary residence.

WATCH our MCC video

For further convenience of our borrowers, FSMG also offers loans with reduced interest rates and low-cost private mortgage insurance (PMI).

In addition, FSMG also offers MCCs to eligible veterans who are not first-time homebuyers.

We suggest you speak to one of our loan officers to explore your options as a first-time home buyer and/or eligible veteran and find a solution that works right for you.

Frequently Asked Questions