Hometown Heroes Loan Program – July 2023

July 11, 2023 by The727Team

Why is this stupid dog so happy?

We all know rates are pretty high right now, prices haven’t come down much and it doesn’t seem like an ideal time to buy a home.

There’s two ways to look at this though –

  1.  It’s a bad time to buy a home and you should wait. 


  2.  It’s not a bad time to keep an eye out for your ideal home which may pop up and have much less competition than it would with lower interest rates.

I can’t guarantee anything but if you’re able to lock down a home you love now, it’s possible that at some point rates will go down and you’ll be able to refinance into a lower interest rate. If you put less than 20% down and need private mortgage insurance, you’ll also be able to refinance out of that once you have 20% equity in your property.

Here’s the link to the program on Floridahousing.org  and also a quick synopsis below.