hey prescott.
See what you qualify for

Miami-Dade Housing Finance Authority Mortgage Program

Miami-Dade County, Florida

Last verified
See what you qualify forOfficial program site →
Assistance

$15,000

The maximum the program publishes — not an offer

Income limit

115% AMI

Of area median income; varies by county and household size

Repayment

Deferred

No payments until the home is sold or refinanced

What is Miami-Dade Housing Finance Authority Mortgage Program?

Miami-Dade Housing Finance Authority Mortgage Program is a deferred second loan for homebuyers in Miami-Dade County, Florida.

  • HFA Miami-Dade offers a 0% deferred second mortgage paired with a below-market HFA first mortgage for eligible first-time homebuyers in Miami-Dade County.
  • Funding comes from State.

How much assistance does it provide?

Miami-Dade Housing Finance Authority Mortgage Program offers up to $15,000 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 Housing Finance Authority Mortgage 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 Transfer of Title.
  • 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 Housing Finance Authority Mortgage 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 660 credit score
  • A completed homebuyer education course

The program excludes

  • Households above 115% 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?

Miami-Dade Housing Finance Authority Mortgage Program limits household income to 115% of the area median income, which varies by county and household size.

  • 2025 (all loan products, Miami-Dade County): 1-2 persons $142,485; 3+ persons $148,680. Max purchase price: FHA $654,350; VA/Conventional $806,500.
  • 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 Housing Finance Authority Mortgage Program can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Miami-Dade Housing Finance Authority Mortgage Program serves buyers purchasing in Miami-Dade County, Florida.

How do you apply?

Applications for Miami-Dade Housing Finance Authority Mortgage 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.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

Miami-Dade Housing Finance Authority Mortgage Program, explained

A short, free course on Miami-Dade Housing Finance Authority Mortgage Program: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Read the course

Other programs in Miami-Dade County, Florida

See every program in Miami-Dade County, Florida →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs