Miami-Dade Homebuyer Down Payment Assistance Program

Miami-Dade Homebuyer Down Payment Assistance Program is a deferred second loan for homebuyers in Miami-Dade County, Florida. Miami-Dade County provides up to $35,000 in down payment and closing cost assistance as a 0% interest deferred second mortgage with a 30-year term. Repayment deferred until sale, refinance, or end of term. Funding comes from Federal.

Miami-Dade Homebuyer Down Payment Assistance Program offers up to $35,000 in assistance. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Miami-Dade Homebuyer Down Payment Assistance Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Sale, Refinance, and End of Term. 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.

Miami-Dade Homebuyer Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required. Citizenship or immigration status: U.S. Citizen or Permanent Resident.

Miami-Dade Homebuyer Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. 2025 limits (Miami-Dade County): 1-person <$95,620; 2-person <$109,200; 3-person <$122,920; 4-person <$136,500. Maximum award $35,000. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Miami-Dade Homebuyer Down Payment Assistance Program can be used for Single Family, Condo, and Townhouse.

Miami-Dade Homebuyer Down Payment Assistance Program serves homebuyers purchasing in Miami-Dade County, Florida.

Applications for Miami-Dade Homebuyer Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.