Florida Hometown Heroes Program Calculator
The Hometown Heroes Program is designed to aid eligible full-time employees, working with Florida-based employers, in obtaining more affordable mortgage options. This includes lower interest rates and assistance with down payment and closing costs for first mortgages.
Verify Your Hometown Heroes Eligibility
The Florida Hometown Heroes Program calculator is an online tool designed to assist eligible frontline community workers in estimating their potential loan support for home purchases through the Florida Hometown Heroes Housing Program.
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How to Use Hometown Heroes Calculator
This calculator lets users input the home purchase price, any credit from the seller for closing costs, and choose their loan type, like FHA, VA, USDA, or Conventional, which have different down payment requirements.
It provides a cost breakdown when using MakeFloridaYourHome's services, showing the minimum down payment, estimated closing costs, available down payment assistance, a cash rebate, the seller credit, and total rewards.
When using the calculator, you must:
Enter the home purchase price.
Enter the amount of seller credit (if applicable).
Choose the type of loan they are interested in.
Review the calculated down payment, closing costs, assistance, rebate, and cash to close figures.
It calculates the 'Cash to Close' — the amount the buyer should expect to pay at closing after deductions.
