Housing Finance Authority (HFA) of Miami-Dade County Down Payment Assistance Second Mortgage – Targeted Areas

Special Alert

Program limited to homes in targeted areas.

Maximum Purchase Price

$467,127 for 1 unit $597,974 for 2 units $722,828 for 3 units $898,306 for 4 units

Contact Info:



Cannot be subordinated. Loan is not assumable. Loan doesn’t forgive at a pro-rated amount. The full loan will be due. Must meet income and sales price limits.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 30 years

Accepted First Mortgage Type:

Freddie Mac HFA Advantage, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?


1 County: Miami-Dade Program is limited to targeted areas.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2022 115% AMI guidelines Freddie Mac 80% AMI and under: $62,320.

Maximum Assistance


Education Requirements Info:

All owners must attend a 6-8 hour homebuyer education course. Acceptable forms of education are: • HFA of Miami-Dade County online education provided by eHomeAmerica. https://www.ehomeamerica.org/miamidade • Face-to-face homebuyer education if provided by a HUD approved counseling agency. https://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?webListAction=search&searchstate=FL • A unit of local government that provides pre-purchase homebuyer education in FL (or a counseling agency designated by a unit of local government to provide homebuyer education on their behalf). • Online HBE is permitted if provided by a HUD approved agency, a unit of local government that provides pre-purchase homebuyer education in FL or an Agency or GSE sponsored course. • Certificates of completion are acceptable for 2 years from the date of completion.

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1-2HH3-8 $117,000$136,500 *Income limits as of 04/21/2023

Qualifying Ratios:

Determined by first mortgage product or lender.
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