City of North Miami SHIP First-Time Homebuyer Program

Special Alert

Maximum Purchase Price


Contact Info: 12300 NE 8 Avenue, North Miami, FL 33161 305-895-9895


Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 7 years

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

Homeowners Education Class:


Is Forgivable?

Income eligible households are offered financing in the form of a zero interest forgivable deferred loan and assisted units are required to meet the affordability period requirements of seven (7) years for the SHIP program.


North Miami Property must be within the city limits of North Miami.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 120% AMI guidelines Income cannot exceed 120% AMI.

Maximum Assistance

$25,000 Up to $25,000.00 in assistance.

Education Requirements Info:

Homebuyer will also be required to attend an 8-hour Homebuyer Education Workshop and obtain a certificate of completion which will be valid for 1 year from the date of completion. You may contact one of the following agencies to get more information on date and time of workshops or visit the HUD website for other HUD approved agencies. 1. Experts Resources Community Center Phone #: (305) 652-7616 2. Haitian American CDC Phone #: (786) 230-3782 HUD Website to search for HUD Approved counseling agencies:

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $86,760$99,120$111,480$123,840$133,800$143,760$153,600$163,560 *Income limits as of 06/08/2023

Qualifying Ratios:

Determined by first mortgage product or lender.