City of North Lauderdale Purchase Assistance Program

Special Alert

Maximum Purchase Price


Contact Info:

https://www.nlauderdale.org/departments/community_development/index.php 701 SW 71 Avenue, North Lauderdale, FL 33068 954-722900


The City of North Lauderdale is not responsible for code violations, liens, open permits, or illegal structures. The City of North Lauderdale will not award subsidy financing if any code violations, liens, and/or open permits exist. Applicants must not have filed bankruptcy within the past 24 months. Important: If you have owned residential property or commercial property within the last three (3) years. You are not eligible for this program. Buyer must be a first-time home buyer.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Waiting Period: 15 years Affordability Period: 15 years Forgiveness Increment: 0% per year Forgiven Portion: 100%

Accepted First Mortgage Type:

Freddie Mac, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HFA Preferred, Fannie Mae HomeReady, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?

Must occupy residence for the next 15 years to be forgiven


North Lauderdale Property to be in the City of North Lauderdale

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 80% AMI guidelines Funding available for candidates that have not owned a home in the last three years and household income is below 80% Area Median Income

Maximum Assistance

$40,000 Maximum award $40,000 for closing costs and down payment.

Education Requirements Info:

Participating Housing Counseling Agencies are reflected on the flyer: https://www.nlauderdale.org/Purchase%20Assistance%20Program%20Application%20Package%202021-2022.pdf

Eligible Property Types:

Single Family Detached Condo Co-Op Townhome/PUD

Income By Household Size:

Applicant is responsible for contributing 1% of purchase price of home or $1,000, whichever is greater, towards the down payment amount required by the lender, and must already be qualified by a lender for a first mortgage with an escrow account.

Qualifying Ratios:

Housing Ratio: Up To 38% Total DTI: Up To 45% Housing ratio max 38%. Debt ratio max 45%.
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