In the state of Florida, there are countless individuals who dedicate their lives to serving their communities. From law enforcement officers and firefighters to educators, healthcare professionals, childcare employees, and active military personnel or veterans, these individuals play a vital role in keeping our communities safe and thriving. However, the dream of homeownership has often felt out of reach for many of these Hometown Heroes due to various financial constraints. Thankfully, Eddie Kaziyev, a Mortgage Loan Originator with MortgageDepot, has been instrumental in helping these deserving individuals turn their dreams into reality.
One such success story is that of a salaried teacher who had long aspired to become a homeowner. As a hardworking professional, this client had a steady income but found it challenging to save for a down payment and meet other financial requirements associated with buying a home. With Eddie Kaziyev’s guidance, this dedicated teacher found a pathway to homeownership that was tailor-made for their circumstances.
The client’s preference was a 55+ condo located in Palm Beach County, Florida. Eddie Kaziyev recognized the specific needs and desires of the client and worked diligently to find a property that would suit their lifestyle and financial goals. By understanding the local real estate market and the client’s preferences, Eddie ensured that the selected property aligned perfectly with their aspirations. He explored various mortgage options and identified the most suitable one for the client: a conventional 30-year fixed mortgage with a 95% loan-to-value (LTV) ratio. This mortgage type provided the client with a long-term, stable financing solution, allowing them to spread the payments over a more extended period and make homeownership more affordable.
The Hometown Heroes Loan program is exclusively available in Florida and designed to make homeownership more affordable for those who serve our communities daily. To be eligible for this program, borrowers must meet the following criteria:
- Borrowers must not exceed the maximum income limit requirements for the county where the property is being purchased.
- All borrowers must be considered first-time homebuyers.
- At least one borrower must be employed in an approved occupation and provide verification of full-time employment, working 35 hours or more per week.
Through the Hometown Heroes Loan program, MortgageDepot provides an affordable path to homeownership for front-line workers in Florida and with Eddie Kaziyev’s assistance, these unsung heroes can now not only serve their communities but also enjoy the pride and stability of owning their own homes. If you are interested in this program or have any questions, please contact us to get started.