Home Loan Assistance Program

Launch CU is proud to offer a home loan assistance program to help those in our local community become homeowners. This exclusive home loan program from Launch Credit Union provides funding up to $15,000 and is open to the following:

• First-time home buyers: available to homebuyers with household incomes at or below 80 percent of Area Median Income (AMI)
• First-time or non-first-time home buyers: available to homebuyers with household incomes between 80.01 – 120% of Area Median Income (AMI)
• Community Partners (including current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders; veterans and active-duty members of the military or their surviving spouse)

Funds can be used for:

• Reducing principal
• Assisting in down payments and closing costs.

Questions about Launch CU’s Home Buyer Assistance Program? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

Home Buyers Assistance Program

Launch CU is proud to offer a home buyer program to assist you in the purchase of your home.

First-time home buyers

With Launch CU’s First-Time Home Buyer Assistance Program, you can get up to $12,500 towards your down payment or closing costs or utilize the funds to reduce your principal. 

This program is available to homebuyers with household incomes at or below 80 percent of Area Median Income (AMI)

First-time or non-first-time home buyers

With Launch CU’s First-Time or Non-First-Time Home Buyer Assistance Program, you can get up to $15,000 towards your down payment or closing costs or utilize the funds to reduce your principal. 

This program is available to homebuyers with household incomes between 80.01 – 120% of Area Median Income (AMI)

Questions about Launch CU’s Home Buyer Assistance Program? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

First-Time Home Buyer Requirements

To qualify for Launch CU’s First-Time Home Buyer Program, you must meet the definition of a first-time home buyer as defined by HUD HOC,* and meet income requirements.**

• You have had no ownership in a principal residence during the 3-year period ending on the date of the property purchase.
• You are a single parent who has only owned a home with a former spouse while married.
• You are a displaced homemaker who has only owned a home with a former spouse.
• You have only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.
• You have only owned a property that was not in compliance with state, local, or model building codes and which cannot be brought into compliance for less than the cost of construction a permanent structure.

Questions about Launch CU’s First Time Home Buyer Assistance Program? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

Community Partners Home Loan Assistance Program

Launch CU acknowledges the importance of our community partners. That’s why we offer a special Community Partners Home Loan Assistance Program. With this program, community partners can receive up to $15,000 towards their down payment, closing costs, or principal reduction. 

• Educators
• First Responders
• Healthcare Workers
• Military

Educator Eligibility Requirements

To qualify for the Community Partners Home Loan Assistance Program, an educator must meet income requirements** and one or more of the following:

• You are a current or retired educator (Including teachers, teachers’ assistants, bus drivers, or anyone in the public or private school system).*
• You are an employee of an accredited state-recognized private or public school.
• You are a certified teacher or administrator in an education agency.
• You are an employee of a post-secondary level education institution.

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.

First Responder Eligibility Requirements

To qualify for the Community Partners Home Loan Assistance Program, a first responder must meet income requirements** and one or more of the following:

• You are an employee of a law enforcement agency or fire department administered by a state or local government.
• You are a sworn law enforcement officer responsible for crime prevention and detection or criminal incarceration.
• You are a sworn member of a fire department involved in fire suppression or prevention, emergency medical response, hazardous material incident response, or management/response to terrorism.
• You are currently employed as any other type of first responders such as an emergency medical technician or National Guard or Reservist.*

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.  

Healthcare Worker Eligibility Requirements

In order to qualify for the Community Partners Home Loan Assistance Program, a healthcare worker must meet income requirements** and be an employee of an accredited or state-recognized medical or healthcare facility. This includes:

• Medical residents or fellows
• Nurses
• Nursing Assistants
• Pharmacists
• Pharmacy Technicians
• Physician’s Assistants
• Medical Assistants
• Medical Technicians
• Technologists
• Therapists

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist. 

Military Eligibility Requirements

In order to qualify for the Community Partners Home Loan Assistance Program, an individual must meet income requirements** and one of the following:

• A veteran of the United States Military
• An active-duty member of the United States Military
• A surviving spouse of a member of the United States Military

Questions? Give us a call at 321-456-5439 to speak with a helpful Home Loan Specialist.