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City of North Miami First-Time Homebuyer Program

North Miami, Florida

Last verified
See what you qualify forOfficial program site →
Assistance

$80,000

The maximum the program publishes — not an offer

Income limit

80% AMI

Of area median income; varies by county and household size

Repayment

Forgivable

Forgiven after 15 years

What is City of North Miami First-Time Homebuyer Program?

City of North Miami First-Time Homebuyer Program is a forgivable loan for homebuyers in North Miami, Florida.

  • City of North Miami provides up to $80,000 in forgivable 0% interest loan assistance for first-time homebuyers purchasing within city limits. Forgiven over a 7-15 year compliance period.
  • Funding comes from Local.

How much assistance does it provide?

City of North Miami First-Time Homebuyer Program offers up to $80,000 in assistance.

  • Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

City of North Miami First-Time Homebuyer Program is forgiven after 15 years, so a buyer who stays that long does not repay it.

  • Repayment is triggered by Sale, Refinance, and No longer primary residence within forgiveness period.
  • The assistance is recorded in 2nd Lien position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of North Miami First-Time Homebuyer Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A completed homebuyer education course

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

City of North Miami First-Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size.

  • Income at or below 80% AMI for Miami-Dade County.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of North Miami First-Time Homebuyer Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

City of North Miami First-Time Homebuyer Program serves buyers purchasing in North Miami, Florida.

How do you apply?

Applications for City of North Miami First-Time Homebuyer Program go through the administering agency, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact the administering agency to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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City of North Miami First-Time Homebuyer Program, explained

A short, free course on City of North Miami First-Time Homebuyer Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

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