MIAMI – Brandis Seward got her American Dream .
“I walk upstairs and I’m like, thank God like I can’t even still believe it…” said Seward, who has been a teacher in South Florida for nearly 18 years.
After two decades she and her husband finally bought a place they call home . They did it through the Hometown Heroes Program.
“I always was told you need about $20,000, we were saving for a long time and this program came out and it was like… is this real?” said Seward.
Loan officer Mike Molina says it is. “You can get pretty much 5% downpayment assistance, up to $35,000,” said Molina, who says the Hometown Heroes Program gives homeowners that extra help they need, a loan with zero interest.
“Let’s say your purchase price is $400,000, you’d get $20,000 for a downpayment. If you are doing an FHA (Federal Housing Administration) loan, the minimum downpayment is 3.5%. So, if you’re getting 5%, you’re getting your full downpayment covered and even some of your closing costs,” said Mike Molina.