Housing Finance Authority (HFA) of Miami-Dade County First-Time Buyer Program – 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:




Credit Score Requirements

Minimum Credit Score: 640 FHA: 660 Conventional/VA/USDA-RD: 640

Deferred Payments?

Accepted First Mortgage Type:

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

Homeowners Education Class:

Not Required

Is Forgivable?


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

Income Limitations:

Yes, based on Qualifying (1003) Income Income limits from HUD 2022 115% AMI guidelines Use the 1003 qualifying income to determine program eligibility. Freddie Mac 80% AMI and Lower: $62,320.

Maximum Assistance

Education Requirements Info:

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:

Housing Ratio: — Total DTI: Up To 50% 45% for all loan products with 640 – 679 FICO. 50% for all loan products with a 680+ FICO. NOTE: Lenders must comply with Mortgage Insurance DTI requirements which may limit the maximum DTI for borrowers.