ATTENTION PARTICIPATING LENDERS

IMPORTANT ANNOUNCEMENT!

FLORIDA HOUSING FINANCE CORPORATION

2025 HOMETOWN HERO PROGRAM (HTH)

We currently have less than $3MM in remaining HTH funding. To further assist HTH eligible borrowers, today we will be adding $7MM in additional funding received from HTH loan repayments. To track funding availability and program interest rates, our offerings page is located on eHousing’s website at the link below:

Track Funding - Program Interest Rates - Guidelines

The current occupational requirements will not change so be sure to verify current HTH occupational and eligibility requirements at the link above. 

As a reminder, any HTH TBA or HTH BOND loan will be cancelled if it is not PURCHASED by 90 days from reservation. The standard purchase timeline is 60 days from reservation, but one extension of 30 days will be allowed. Extension fees will apply to any loan exceeding 60 days.

All program loans, including HTH, will be cancelled at 60 days from reservation if they have not been certified by the underwriter. Underwriter certification is the lender’s commitment to close and deliver the loan. The certification assists in determining the availability of HTH funding. 

Pay attention to your pipeline and be sure that all loans are certified by 60 days from reservation and that all loans are purchased in by no later than 90 days from reservation. There are no exceptions.

To avoid extension fees and possible cancellation, be sure closed loan files are submitted upon closing and that all deficiencies are cleared, timely. 

HELPFUL LINKS

FL Housing’s Program requirements, rates, guidelines

To request reinstatement of a reservation or to request a loan product change  of a current reservation.

Lakeview’s Correspondent website which includes Lakeview and Agency requirements for FL Housing’s Homebuyer Loan Program.

Thank you all for making Hometown Heroes a success and for supporting affordable housing in Florida.

Charles White

Homebuyer Loan Program Director

Charles.white@floridahousing.org

Sandy Smith

Homebuyer Loan Program Administrator

Sandy.smith@floridahousing.org

Homeownership Loan Program Help Desk

dpa@floridahousing.org