{"id":66557,"date":"2020-02-21T12:42:46","date_gmt":"2020-02-21T12:42:46","guid":{"rendered":"https:\/\/blog.myewm.com\/?p=66557"},"modified":"2020-02-21T12:43:49","modified_gmt":"2020-02-21T12:43:49","slug":"fla-will-offer-vets-housing-assistance-via-8m-program","status":"publish","type":"post","link":"https:\/\/blog.myewm.com\/?p=66557","title":{"rendered":"Fla. Will Offer Vets Housing Assistance Via $8M Program"},"content":{"rendered":"<div class=\"field field--name-field-summary field--type-text-long field--label-hidden field--item\">A program under the Florida Housing Finance Corporation will offer down payment and closing cost assistance programs, coupled with low-interest-rate first mortgages.<\/p>\n<p>PENSACOLA, Fla. \u2013 Florida Gov. Ron DeSantis announced a \u201cSalute Our Soldiers\u201d Military Loan Program (SOS) for veterans and active duty military personnel throughout the state following a roundtable to discuss ongoing issues and initiatives that involve Florida\u2019s military and veteran population.<\/p>\n<p>Administered by the Florida Housing Finance Corporation (Florida Housing), the program is offering up to $8 million in a variety of down payment and closing cost assistance programs, coupled with low-interest-rate first mortgages. There will be down payment and closing cost assistance options that are forgivable after five years. The program will be available starting March 2, 2020.<\/p>\n<p>\u201cFlorida Housing will set aside funds to assist over 1,000 veterans and active duty military members by making the homebuying process easier and more affordable,\u201d DeSantis said when he unveiled the program. \u201cMore veterans calling Florida home is a great thing for all involved, and we look forward to the positive impacts this program will have on the lives of our veterans and the communities in which they live.\u201d<\/p>\n<p>\u201cFlorida Housing is grateful to our veterans and active duty military members for their service and sacrifice to this country,\u201d said Florida Housing Executive Director Trey Price. \u201cTo show our appreciation, we, along with Gov. DeSantis, wanted to provide them with an incentive to put down roots and call Florida home.\u201d<\/p>\n<p><strong>\u201cSalute Our Soldiers\u201d Military Loan Program details<\/strong><\/p>\n<ul>\n<li>It will offer a variety of down payment and closing cost assistance products with little or no interest charged<\/li>\n<li>Florida Assist down payment assistance \u2013 $7,500 at 0% interest with no payments for 30 years but due upon sale or refinance<\/li>\n<li>Salute Our Soldiers PLUS forgivable down payment assistance \u2013 choice of 3%, 4% or 5% of the purchase price forgiven at 20% per year over five years. Active duty military members who receive official orders to relocate will have any remaining balance forgiven upon sale of the home<\/li>\n<li>Homebuyer Loan Program (HLP) down payment assistance \u2013 $10,000 at 3% interest over 15 years<\/li>\n<li>Reduced costs (no documentary stamp taxes or intangible taxes on the notes and mortgages) and fees to the military homebuyer<\/li>\n<li>Veterans are exempt from the first-time homebuyer requirement. Active duty military members cannot have owned a primary residence in the last three years.<\/li>\n<\/ul>\n<p>For more information, visit <a href=\"https:\/\/www.floridahousing.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">Florida Housing\u2019s Homebuyer Loan Program Wizard<\/a>.<\/p>\n<p>\u00a9 2020 Florida Realtors\u00ae<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A program under the Florida Housing Finance Corporation will offer down payment and closing cost assistance programs, coupled with low-interest-rate first mortgages. PENSACOLA, Fla. \u2013 Florida Gov. Ron DeSantis announced a \u201cSalute Our Soldiers\u201d Military Loan Program (SOS) for veterans and active duty military personnel throughout the state following a roundtable to discuss ongoing issues [&hellip;]<\/p>\n","protected":false},"author":1401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"saved","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[9],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/66557"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/1401"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=66557"}],"version-history":[{"count":3,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/66557\/revisions"}],"predecessor-version":[{"id":66560,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/66557\/revisions\/66560"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=66557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=66557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=66557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}