Are you a first responder, healthcare professional, educator, or member of the military looking to buy a home in Florida? Look no further than the Florida Hometown Heroes Housing Program. This program, offered by Ace Mortgage Loan Corporation, is designed to help our local heroes achieve their dream of homeownership. As a proud supporter of our community, we are excited to share all the details about this program with you.
What is the Florida Hometown Heroes Housing Program?
The Florida Hometown Heroes Housing Program is a special home loan program designed specifically for first responders, healthcare professionals, educators, and military members. It offers a variety of benefits and discounts to help these heroes purchase a home in Florida. Some of the key features of this program include:
- Discounted interest rates
- No lender fees
- No private mortgage insurance (PMI)
- Flexible credit requirements
- No prepayment penalties
Who is Eligible for the Program?
The Florida Hometown Heroes Housing Program is open to a wide range of professionals who serve our community selflessly. Eligible individuals include:
- First responders, including firefighters, police officers, and EMTs
- Healthcare professionals, such as doctors, nurses, and medical technicians
- Educators, including teachers, administrators, and support staff
- Military members, both active-duty and veterans
Additional Requirements
In addition to being a member of one of the eligible professions, there are a few other requirements to qualify for the Florida Hometown Heroes Housing Program:
- Must be purchasing a primary residence in Florida
- Must have a credit score of at least 580
- Must meet income limits based on county and household size
- Must work in an eligible occupation
How Does the Program Work?
The Florida Hometown Heroes Housing Program works by offering eligible individuals a discounted interest rate and no lender fees. This can save borrowers thousands of dollars over the life of their loan. Additionally, the program waives the requirement for private mortgage insurance, which can save borrowers even more money each month.
Example Scenario
Let’s say you are a first responder looking to purchase a home in Florida for $300,000. With the Florida Hometown Heroes Housing Program, you could receive a discounted interest rate of 3.5% instead of the current market rate of 4.5%. This would save you over $100 per month on your mortgage payment. Additionally, with no lender fees and no PMI, you could save even more money upfront and each month.
How to Apply for the Program
To apply for the Florida Hometown Heroes Housing Program, simply contact Ace Mortgage and speak with one of our experienced loan officers. They will guide you through the application process and help determine if you are eligible for the program. You will need to provide documentation to verify your profession and income, as well as complete a homebuyer education course.
Why Choose Ace Mortgage?
Ace Mortgage is a trusted mortgage lender with over 28 years of experience in the Florida market. We are dedicated to helping our community and supporting our local heroes. Our streamlined loan processing and competitive rates make us a top choice for homebuyers in Florida. Plus, with our lightning-fast loan processing, you can be in your dream home in no time.
Are you ready to turn your dream of homeownership into reality? Don’t let this opportunity pass you by. Contact Ace Mortgage today to learn more about how the Florida Hometown Heroes Housing Program can benefit you. Our team is here to help you every step of the way, from the initial application to closing on your new home.