WEBVTT
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Welcome back to my channel.
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You'll see me on YouTube and also you can hear me on my podcast.
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I am back.
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I'm back.
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See my microphone.
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I'm so happy.
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I'm podcasting again, y'all.
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I've been podcasting for since 2018.
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Not consistent, but I am back.
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So we're gonna be talking about hometown heroes because you know I am a rotor in the Tampa area, and I want to honestly jump into this because it is great information, and I want to break it down what Hometown Heroes is and how important it is, and also how the program they actually expanded who qualifies for the program.
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So let's just dive into it.
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So first-time homebuyers, there is a role, and I'm gonna break everything down for you.
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You need to be a first-time homebuyer, and to be a first-time homebuyer, that basically means that you have not owned a home, you have not owned the primary residence in the last three years.
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So you may have owned a home five, six years ago, you may have been a homeowner for a long time, but within the last three years, you have not owned a home.
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You could have sold that particular home, and now you are renting, living with family, but it does not disqualify you if you were a homeowner.
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As long as you did not own a home as your primary residence in the last three years, you're fine and you will qualify.
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So the other there's there is an exception.
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The exception is veterans, so active duty, military, any national guard.
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Uh, they do not meet this rule.
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Uh, in Florida, it says if you serve, you do not have to be a first-time, first, you do not have to be a first-timer to qualify.
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That's the way to give them back.
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So, when it comes to veterans, they do have a lot of exceptions.
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Now, how much do you get?
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The assistance, the program gives you up to five percent.
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I want you to catch this of your first mortgage amount capped at$35,000.
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So that's capped at$35,000.
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If your loan is under$200, you'll still get a minimum of$10,000.
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So now this isn't a grant, it's a 0% interest, non-amortizing second mortgage.
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Let me break that second mortgage down.
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That means no monthly payments, no interest adding, but it does sit there until certain things happen.
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And those certain things is when you'll pay it back.
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So I want to jump into when you'll pay it back.
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So you will have to pay back what is called the second mortgage because the money that they're giving you it's free now, but it's not free forever.
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So if you sell the home, you'll have to pay it back.
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If you've refinanced the mortgage, you have to pay it back.
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And if you transfer the ownership to someone else, you will have to pay it back.
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Now, I what I did was I broke down examples so you can understand when I say pay it back because you'd be like, Oh, I don't have the money to pay it back.
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No, no, pause because owning a home is essential.
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You know, first-time homebuyers is something that I love to do, I love to work with first-time homebuyers.
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Um, I think it's important.
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I was a renter myself, I know people do rent, but the benefits of owning a home when you don't know that's where it's scary.
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Well, the benefits of owning a home is just you could weep money, it's just a lot of things that you can do, you can pull money out, and it's money that you probably haven't seen or may honestly may never see because you don't have something that yields such a high investment, is such as a home.
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So, again, let me go back.
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When do you pay it back?
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If you sell the home, you refinance your mortgage, or if you transfer your ownership to someone else.
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Now, let's do an example that I broke down for you.
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So let's say you get a$250,000 mortgage.
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Now that is$12,500 in assistance.
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When you sell your home, you will have to pay back the$12,500 at closing before you collect, right?
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So if you purchase a home today and the home was$250,000, when you go to sell your home, you have to pay back what was given to you for this particular program.
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This particular program that you qualify for.
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So again, if your loan is$250,000 and you get$12,500 to help you to in the assistance to get the home, and if you sell the home, you will have to pay it back.
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If you refinance that mortgage, you will have to pay back that$12,500.
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Or if you transfer the ownership to someone else, you would have to pay back that$12,500.
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If your loan is$300,000, you get$15,000.
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So the higher amount your loan is, the more you'll get.
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If you refinance later, you'll pay back that$15,000.
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That's you know, that's fine.
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I'm gonna tell you why.
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If you or if you add someone to your deed or gift the home, then and you and you originally got twenty thousand dollars, you will owe twenty thousand dollars right then, right?
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So I'm gonna say that again.
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If you add someone else to your deed or gift the home and you originally got twenty thousand dollars, you'll owe twenty thousand dollars right then.
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So anything that you receive, you basically will have to pay it back if you sell the home.
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Now, every home is not for a forever.
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Some people, these are starter homes, so I don't want you to have a fear and say, Oh my gosh, I gotta live in this house forever.
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No, you don't, because you just got a house for$300,000, you were gifted$15,000 or given$15,000, and you're about to sell it, and all you got to do is give back the$15,000 or the$12,500.
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That's a win-win.
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So the key is you're paying back exactly what you borrow, right?
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You borrow stuff all the time, don't act like y'all don't borrow stuff, or people borrow stuff from you and don't ever pay you back.
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Trust me, I know.
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But if you borrow something, all you're doing is paying it back, but now with what you're reaping is so much more, right?
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You get it?
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So let's say some of you may say, wait, I have to pay it back, and again, it's a win-win situation, and I want I don't want that to limit you um from this situation.
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So let me scroll here.
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So let me tell you what the requirements are.
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That's important.
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So the employer requirements, you must work full-time at least 35 hours per week for a Florida-based employer.
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A Florida, Florida-based employer.
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Florida-based means your company has a real physical presence in Florida.
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That could be a hospital, a school, a fire station, a daycare courthouse, all these different examples.
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So, remote workers, I want you to clearly listen up.
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If your company is Florida-based and has an office here in Florida, and you work from home, you got it, you good, right?
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But if your company is not a Florida-based and you work for home, that's not gonna, that's not gonna stand.
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So, for instance, you know, I have my companies in New Jersey, and let's say if this is something that I will qualify for, it wouldn't, I wouldn't personally qualify for this, or let's say my um the individuals, my employees that work for me, because they work for me and they can work remote and they do work remote.
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The actual company, a second touch, the actual company joy making a difference is not in Florida, although I'm in Florida, that's not in Florida, so the actual company is in Jersey, but the physical location would have to be in Florida, so a second touch joy making a difference, physical location would have to be here in order for my employees to be able to qualify.
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Um believe me, I just went through this with um someone I was trying to get qualified for um alone um with a different program, so it would have to be a physical presence in the state of Florida.
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So let me dive into the approved occupations because I think this is juicy.
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So the approved occupations, this is for health care workers, teachers, before it was really for you know frontline, which is for nurses, doctors, but they expanded.
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So it's healthcare workers, teachers, first responders, firefighters, emts, police, correctional officers.
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My husband was a correctional officer before he um retired, and I'm in the field of child care, so it's child care workers, daycare preschools, and and I'm also in the field of health care, so I will qualify court employees, clerks, probation officers, support staff.
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This is amazing.
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Military and veterans, active duty guard, it's just it that's this is amazing.
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The qualifications is amazing, so it's a lot.
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Healthcare workers, teachers, first responders, that's your firefighters, court employees, child care workers, military.
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This is great.
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So please, if you know anybody, anybody, anybody that you think that will qualify for hometown heroes, please, please reach out to me and let me know.
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Now let's go into the income and credit requirements.
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Now, this way it might get a little dicey.
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You must stay under the income limit for your county.
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So the number changes depending on where you live.
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You would definitely, if that's something that you want, you will reach out to me, and then I will reach out to my loan officer that will help you with that.
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You must have at least a 640 credit score.
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Yeah, you must.
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So that part is it's not negotiable.
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You must have a 640.
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Now, if you don't have a 640, I do have other products for you for first-time home buyers, and they are new builds.
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Um, but for this particular um program, you must have a 640 credit score.
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And unless you're exempt as a veteran, a VA of financing, you'll also need to complete a HUD-approved home buyer's education course.
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Unless you're exempt as a veteran, you also need to complete a HUD-approved home buyer education course.
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Now, don't let this frown your way because the educational course are real, it happens.
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I seen the home buyers.
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Um, I have a client that actually went through not hometown Harold's but had to complete an educational course.
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We're closing in September, and that is real.
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These programs are absolutely real to help first-time homebuyers to turn on from renters into owning a home.
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So, how much do you get the assistance?
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The program gives you up to 5% of your first mortgage, and it's cap at$35,000.
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If your loan is under$200, you'll still get a minimum of ten thousand dollars, and that's great.
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How it works.
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So, because it's not a grant, it's a 0% non-amortizing second mortgage.
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So I did tell you this, and I just want to recap it because I want you to completely understand that even when you pay it back, right?
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Because we talked about when you pay it back, that is when you're selling a home, refinancing your mortgage, transferring transferring home ownership, which is important.
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So I want you to know that it's not a grant, this is something that you have to pay back when it comes to grants.
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Grants, you don't have to pay back as long as it's in the scope of the particular grant.
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You don't have to pay back grants, but this you do have to pay back, so it is a second mortgage, and and the only time you pay it back again is if you do sell the home, refinance the home, or transfer the home ownership.
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So the funding limit.
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So the funding limit it is 50 million that is set aside for 2025, so that's gonna go quick.
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Once it's gone, it is gone.
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This is not the first time hometown heroes have came, but it is here again, so it's gonna be gone, and when it's gone, it's not until next year.
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Well, where this will start all over again.
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So you do want to act quickly, it is important.
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Please contact me.
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I can get you in front of my loan officer, which is um really, really good and will try to get you into this home.
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Now remember, you do have to have a 640 credit score.
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So let's just wrap this all up.
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So the hometown hero program it starts August 18th.
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That is tomorrow 2025, it's for first-time home buyers.
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Unless you're a military or a veteran, then you are exempt.
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That is great, you know.
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I wanted to be a vet, a veteran, and um going to the military, and I think I was in my well, in my 40s.
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I'm telling you, this makeup drives me crazy.
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And my husband's like, no, I know I wasn't in my 40s, that's too late.
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I was in my 30s, yeah, because we got married, and he was like, Oh no, I don't want you in the military, and now and he was he did um, he was an active duty and he didn't finish.
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He do have his um DD, what is this, DD 14, DD 214, DD something, and so he doesn't get all the benefits, but he could if he really fought it.
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But anyway, I wish if you are young, go into the military because you get exempt for so much, even if you wanted to be a realtor, like you get exempt from so much.
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So let me go back into the exemption for first-time homebuyers.
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Unless you're military veteran, then you're exempt, you get exempt for so much.
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You must work full-time for a Florida-based employer.
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We went over that with the physical presence in the state of Florida.
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Occupations include health care, education, first responders, court staff, childcare, and military veterans.
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You need a six-floority credit score, and you can get up to$35,000 for down payment and closing costs, and you will pay it back when you sell, refinance, or transfer home ownership.
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But it is a win-win because you're gaining wealth through home ownership, and that's it, you're gaining wealth, and that's it, baby.
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You want to gain wealth.
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So there's 50 million in a pot, you don't want to wait.
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And listen, this is all for you.
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I say contact me because the first-time home buyers, this is important information.
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And hometown heroes, you are a hero if you are in any of any of those occupations.
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If you know someone, reach out to me and let's get this popping, let's get this going, and let's be first time home owners.
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Welcome back to my channel.
00:00:03.359 --> 00:00:08.400
You'll see me on YouTube and also you can hear me on my podcast.
00:00:08.720 --> 00:00:09.679
I am back.
00:00:11.439 --> 00:00:12.480
I'm back.
00:00:13.359 --> 00:00:14.320
See my microphone.
00:00:14.480 --> 00:00:15.679
I'm so happy.
00:00:15.919 --> 00:00:17.760
I'm podcasting again, y'all.
00:00:17.839 --> 00:00:21.679
I've been podcasting for since 2018.
00:00:21.920 --> 00:00:24.160
Not consistent, but I am back.
00:00:24.640 --> 00:00:51.759
So we're gonna be talking about hometown heroes because you know I am a rotor in the Tampa area, and I want to honestly jump into this because it is great information, and I want to break it down what Hometown Heroes is and how important it is, and also how the program they actually expanded who qualifies for the program.
00:00:51.840 --> 00:00:53.600
So let's just dive into it.
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So first-time homebuyers, there is a role, and I'm gonna break everything down for you.
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You need to be a first-time homebuyer, and to be a first-time homebuyer, that basically means that you have not owned a home, you have not owned the primary residence in the last three years.
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So you may have owned a home five, six years ago, you may have been a homeowner for a long time, but within the last three years, you have not owned a home.
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You could have sold that particular home, and now you are renting, living with family, but it does not disqualify you if you were a homeowner.
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As long as you did not own a home as your primary residence in the last three years, you're fine and you will qualify.
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So the other there's there is an exception.
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The exception is veterans, so active duty, military, any national guard.
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Uh, they do not meet this rule.
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Uh, in Florida, it says if you serve, you do not have to be a first-time, first, you do not have to be a first-timer to qualify.
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That's the way to give them back.
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So, when it comes to veterans, they do have a lot of exceptions.
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Now, how much do you get?
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The assistance, the program gives you up to five percent.
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I want you to catch this of your first mortgage amount capped at$35,000.
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So that's capped at$35,000.
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If your loan is under$200, you'll still get a minimum of$10,000.
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So now this isn't a grant, it's a 0% interest, non-amortizing second mortgage.
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Let me break that second mortgage down.
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That means no monthly payments, no interest adding, but it does sit there until certain things happen.
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And those certain things is when you'll pay it back.
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So I want to jump into when you'll pay it back.
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So you will have to pay back what is called the second mortgage because the money that they're giving you it's free now, but it's not free forever.
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So if you sell the home, you'll have to pay it back.
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If you've refinanced the mortgage, you have to pay it back.
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And if you transfer the ownership to someone else, you will have to pay it back.
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Now, I what I did was I broke down examples so you can understand when I say pay it back because you'd be like, Oh, I don't have the money to pay it back.
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No, no, pause because owning a home is essential.
00:03:35.520 --> 00:03:41.120
You know, first-time homebuyers is something that I love to do, I love to work with first-time homebuyers.
00:03:41.280 --> 00:03:42.960
Um, I think it's important.
00:03:43.599 --> 00:03:52.960
I was a renter myself, I know people do rent, but the benefits of owning a home when you don't know that's where it's scary.
00:03:53.120 --> 00:04:15.120
Well, the benefits of owning a home is just you could weep money, it's just a lot of things that you can do, you can pull money out, and it's money that you probably haven't seen or may honestly may never see because you don't have something that yields such a high investment, is such as a home.
00:04:15.439 --> 00:04:17.120
So, again, let me go back.
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When do you pay it back?
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If you sell the home, you refinance your mortgage, or if you transfer your ownership to someone else.
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Now, let's do an example that I broke down for you.
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So let's say you get a$250,000 mortgage.
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Now that is$12,500 in assistance.
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When you sell your home, you will have to pay back the$12,500 at closing before you collect, right?
00:04:46.000 --> 00:04:58.879
So if you purchase a home today and the home was$250,000, when you go to sell your home, you have to pay back what was given to you for this particular program.
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This particular program that you qualify for.
00:05:02.720 --> 00:05:14.160
So again, if your loan is$250,000 and you get$12,500 to help you to in the assistance to get the home, and if you sell the home, you will have to pay it back.
00:05:14.319 --> 00:05:18.319
If you refinance that mortgage, you will have to pay back that$12,500.
00:05:18.480 --> 00:05:23.839
Or if you transfer the ownership to someone else, you would have to pay back that$12,500.
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If your loan is$300,000, you get$15,000.
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So the higher amount your loan is, the more you'll get.
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If you refinance later, you'll pay back that$15,000.
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That's you know, that's fine.
00:05:40.079 --> 00:05:41.360
I'm gonna tell you why.
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If you or if you add someone to your deed or gift the home, then and you and you originally got twenty thousand dollars, you will owe twenty thousand dollars right then, right?
00:05:53.199 --> 00:05:54.639
So I'm gonna say that again.
00:05:54.720 --> 00:06:02.959
If you add someone else to your deed or gift the home and you originally got twenty thousand dollars, you'll owe twenty thousand dollars right then.
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So anything that you receive, you basically will have to pay it back if you sell the home.
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Now, every home is not for a forever.
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Some people, these are starter homes, so I don't want you to have a fear and say, Oh my gosh, I gotta live in this house forever.
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No, you don't, because you just got a house for$300,000, you were gifted$15,000 or given$15,000, and you're about to sell it, and all you got to do is give back the$15,000 or the$12,500.
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That's a win-win.
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So the key is you're paying back exactly what you borrow, right?
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You borrow stuff all the time, don't act like y'all don't borrow stuff, or people borrow stuff from you and don't ever pay you back.
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Trust me, I know.
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But if you borrow something, all you're doing is paying it back, but now with what you're reaping is so much more, right?
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You get it?
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So let's say some of you may say, wait, I have to pay it back, and again, it's a win-win situation, and I want I don't want that to limit you um from this situation.
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So let me scroll here.
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So let me tell you what the requirements are.
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That's important.
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So the employer requirements, you must work full-time at least 35 hours per week for a Florida-based employer.
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A Florida, Florida-based employer.
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Florida-based means your company has a real physical presence in Florida.
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That could be a hospital, a school, a fire station, a daycare courthouse, all these different examples.
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So, remote workers, I want you to clearly listen up.
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If your company is Florida-based and has an office here in Florida, and you work from home, you got it, you good, right?
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But if your company is not a Florida-based and you work for home, that's not gonna, that's not gonna stand.
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So, for instance, you know, I have my companies in New Jersey, and let's say if this is something that I will qualify for, it wouldn't, I wouldn't personally qualify for this, or let's say my um the individuals, my employees that work for me, because they work for me and they can work remote and they do work remote.
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The actual company, a second touch, the actual company joy making a difference is not in Florida, although I'm in Florida, that's not in Florida, so the actual company is in Jersey, but the physical location would have to be in Florida, so a second touch joy making a difference, physical location would have to be here in order for my employees to be able to qualify.
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Um believe me, I just went through this with um someone I was trying to get qualified for um alone um with a different program, so it would have to be a physical presence in the state of Florida.
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So let me dive into the approved occupations because I think this is juicy.
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So the approved occupations, this is for health care workers, teachers, before it was really for you know frontline, which is for nurses, doctors, but they expanded.
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So it's healthcare workers, teachers, first responders, firefighters, emts, police, correctional officers.
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My husband was a correctional officer before he um retired, and I'm in the field of child care, so it's child care workers, daycare preschools, and and I'm also in the field of health care, so I will qualify court employees, clerks, probation officers, support staff.
00:10:00.639 --> 00:10:02.240
This is amazing.
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Military and veterans, active duty guard, it's just it that's this is amazing.
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The qualifications is amazing, so it's a lot.
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Healthcare workers, teachers, first responders, that's your firefighters, court employees, child care workers, military.
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This is great.
00:10:22.480 --> 00:10:34.080
So please, if you know anybody, anybody, anybody that you think that will qualify for hometown heroes, please, please reach out to me and let me know.
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Now let's go into the income and credit requirements.
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Now, this way it might get a little dicey.
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You must stay under the income limit for your county.
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So the number changes depending on where you live.
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You would definitely, if that's something that you want, you will reach out to me, and then I will reach out to my loan officer that will help you with that.
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You must have at least a 640 credit score.
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Yeah, you must.
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So that part is it's not negotiable.
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You must have a 640.
00:11:08.000 --> 00:11:15.120
Now, if you don't have a 640, I do have other products for you for first-time home buyers, and they are new builds.
00:11:15.360 --> 00:11:23.039
Um, but for this particular um program, you must have a 640 credit score.
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And unless you're exempt as a veteran, a VA of financing, you'll also need to complete a HUD-approved home buyer's education course.
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Unless you're exempt as a veteran, you also need to complete a HUD-approved home buyer education course.
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Now, don't let this frown your way because the educational course are real, it happens.
00:11:47.039 --> 00:11:48.960
I seen the home buyers.
00:11:49.120 --> 00:11:56.320
Um, I have a client that actually went through not hometown Harold's but had to complete an educational course.
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We're closing in September, and that is real.
00:12:00.080 --> 00:12:06.240
These programs are absolutely real to help first-time homebuyers to turn on from renters into owning a home.
00:12:06.399 --> 00:12:09.360
So, how much do you get the assistance?
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The program gives you up to 5% of your first mortgage, and it's cap at$35,000.
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If your loan is under$200, you'll still get a minimum of ten thousand dollars, and that's great.
00:12:22.159 --> 00:12:23.519
How it works.
00:12:23.919 --> 00:12:28.960
So, because it's not a grant, it's a 0% non-amortizing second mortgage.
00:12:29.039 --> 00:12:38.320
So I did tell you this, and I just want to recap it because I want you to completely understand that even when you pay it back, right?
00:12:38.399 --> 00:12:47.919
Because we talked about when you pay it back, that is when you're selling a home, refinancing your mortgage, transferring transferring home ownership, which is important.
00:12:48.240 --> 00:12:53.200
So I want you to know that it's not a grant, this is something that you have to pay back when it comes to grants.
00:12:53.360 --> 00:12:58.080
Grants, you don't have to pay back as long as it's in the scope of the particular grant.
00:12:58.240 --> 00:13:11.600
You don't have to pay back grants, but this you do have to pay back, so it is a second mortgage, and and the only time you pay it back again is if you do sell the home, refinance the home, or transfer the home ownership.
00:13:11.840 --> 00:13:13.440
So the funding limit.
00:13:13.600 --> 00:13:20.720
So the funding limit it is 50 million that is set aside for 2025, so that's gonna go quick.
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Once it's gone, it is gone.
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This is not the first time hometown heroes have came, but it is here again, so it's gonna be gone, and when it's gone, it's not until next year.
00:13:32.399 --> 00:13:34.799
Well, where this will start all over again.
00:13:34.960 --> 00:13:37.600
So you do want to act quickly, it is important.
00:13:37.759 --> 00:13:39.279
Please contact me.
00:13:39.600 --> 00:13:48.879
I can get you in front of my loan officer, which is um really, really good and will try to get you into this home.
00:13:48.960 --> 00:13:51.840
Now remember, you do have to have a 640 credit score.
00:13:52.080 --> 00:13:54.559
So let's just wrap this all up.
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So the hometown hero program it starts August 18th.
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That is tomorrow 2025, it's for first-time home buyers.
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Unless you're a military or a veteran, then you are exempt.
00:14:07.679 --> 00:14:09.120
That is great, you know.
00:14:09.200 --> 00:14:15.759
I wanted to be a vet, a veteran, and um going to the military, and I think I was in my well, in my 40s.
00:14:15.840 --> 00:14:18.559
I'm telling you, this makeup drives me crazy.
00:14:18.799 --> 00:14:22.480
And my husband's like, no, I know I wasn't in my 40s, that's too late.
00:14:22.559 --> 00:14:33.440
I was in my 30s, yeah, because we got married, and he was like, Oh no, I don't want you in the military, and now and he was he did um, he was an active duty and he didn't finish.
00:14:33.600 --> 00:14:43.039
He do have his um DD, what is this, DD 14, DD 214, DD something, and so he doesn't get all the benefits, but he could if he really fought it.
00:14:43.200 --> 00:14:54.480
But anyway, I wish if you are young, go into the military because you get exempt for so much, even if you wanted to be a realtor, like you get exempt from so much.
00:14:54.639 --> 00:14:59.600
So let me go back into the exemption for first-time homebuyers.
00:14:59.679 --> 00:15:04.879
Unless you're military veteran, then you're exempt, you get exempt for so much.
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You must work full-time for a Florida-based employer.
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We went over that with the physical presence in the state of Florida.
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Occupations include health care, education, first responders, court staff, childcare, and military veterans.
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You need a six-floority credit score, and you can get up to$35,000 for down payment and closing costs, and you will pay it back when you sell, refinance, or transfer home ownership.
00:15:31.919 --> 00:15:41.519
But it is a win-win because you're gaining wealth through home ownership, and that's it, you're gaining wealth, and that's it, baby.
00:15:41.679 --> 00:15:43.200
You want to gain wealth.
00:15:43.519 --> 00:15:47.519
So there's 50 million in a pot, you don't want to wait.
00:15:47.679 --> 00:15:50.080
And listen, this is all for you.
00:15:50.240 --> 00:15:56.799
I say contact me because the first-time home buyers, this is important information.
00:15:56.960 --> 00:16:03.440
And hometown heroes, you are a hero if you are in any of any of those occupations.
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If you know someone, reach out to me and let's get this popping, let's get this going, and let's be first time home owners.
