Housing Finance Authority (HFA) of Miami-Dade County Mortgage Credit Certificate (MCC) Program

Special Alert

Maximum Purchase Price

$382,194 for 1 unit $489,251 for 2 units $591,405 for 3 units $734,977 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, Freddie Mac HFA Advantage, Freddie Mac Home Possible, Fannie Mae, Fannie Mae HomeReady, FHA 203(b), VA, USDA / RD

Homeowners Education Class:


Is Forgivable?


1 County: Miami-Dade Program is available countywide.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from Agency-defined 2022 guidelines First Mortgage with MCC and Stand Alone MCC: Use the household income (Borrower, Spouse include NPS and everyone 18 years of age or older who will live in the home).

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 $97,500$112,125 *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.