08/12/2025
The 2025 Hometown Heroes down payment assistance programs launches Monday August 18th!
Here are some important updates/highlights for 2025..
-$50 Million in available funds – this will go fast
-ONE occupying borrower must work in an eligible occupation, call me and we can see if its on the list
-Assistance Amount- 5% of the total loan amount (minimum of $10,000 and capped at $35,000) -
A $500,000 FHA purchase will have a total loan amount of $482,500...5% assistance = $24,125
-All borrowers (including non-borrowing spouse) must not have owned a primary home within the last three years unless they are a veteran
-There are income limits based on County, household size, whether purchasing in a Targeted area, and HTH program utilized
You MUST be under contract on a home for your lender to reserve funds!!! Get pre-approved today so that you can begin the process of finding your home and getting under contract before funds are exhausted.