Florida Housing Finance Corporation (FHFC) TBA Hometown Heroes First Loan Program

Special Alert

To be eligible borrower(s) must be a licensed or certified professional, Active Military, or Veteran with a valid DD-214 that reflects a discharge status as other than dishonorable. Purchase Price limits CANNOT exceed Max Loan Limits which is based on product selected. Refer to program guide.

Maximum Purchase Price


Contact Info:



Retail, Wholesale

Credit Score Requirements

Minimum Credit Score: 640 Manufactured Homes: Fannie/FHA/USDA RD/VA – 660 Manual Underwriting: FHA/Fannie/Freddie – 660 minimum Manufactured Manual Underwriting – Not permitted *Reach out to Lakeview for additional information on Fannie Mae and Freddie Mac manual underwrites at underwritingquestions@bayview.com. Minimum score of 640 required no matter AUS response. Averaging middle scores to meet 640 requirement will not be accepted. Must meet agency, insurer and master servicer requirements.

Deferred Payments?

Accepted First Mortgage Type:

Freddie Mac HFA Advantage, Fannie Mae HFA Preferred, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?


67 Counties Program is available statewide.

Income Limitations:

Yes, based on Qualifying (1003) Income Income limits from HUD 2022 150% AMI guidelines USDA/RD does not have a cap on loan limits.

Maximum Assistance

Education Requirements Info:

The course must meet standards defined by HUD or the National Industry Standards for Homeownership Education and Counseling. Lender must retain a copy of the certificate of course completion in the loan file. Certificates of completion are acceptable for 2 years from the date of completion. Examples of acceptable courses include: Freddie Mac CreditSmart Homebuyer U Essent Homebuyer Education Radian MI-HomeTrek Arch MI Fannie Mae Framework Any HUD Approved Counseling Course Note: Lenders are responsible for ensuring that the MI provider’s course being offered through the MI provider (directly or through a partnered course Whatever option is chosen, the course must provide a certificate and be completed prior to closing. All borrowers must complete the training and be listed on the certificate. You must also follow the appropriate agency (FHA, VA, USDA, FNMA, or FHLMC) guidelines as well. provider) meets the standards as directed above as not all MI courses satisfy HUD or National Industry Standards for Homeownership Education and Counseling.

Eligible Property Types:

Single Family DetachedCondo Townhome/PUDManufactured Home Modular Home

Income By Household Size:

HH1-8 $153,750 *Income limits as of 05/03/2023

Qualifying Ratios:

Housing Ratio: — Total DTI: Up To 50% Max 50% DTI with AUS Approve/Except Manual Underwriting: FHA/FNMA/FHLMC – 43% Max Manufactured Housing: FHA/USDA RD/VA/FNMA – 45%