Miami-Dade Homebuyer Down Payment Assistance Program

What is 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.

How much assistance does it provide?

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.

Do you have to pay it back?

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.

Who qualifies?

Miami-Dade Homebuyer Down Payment Assistance Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact the administering agency to reserve funds

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

3. 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.