Miami-Dade County Homebuyer Loan Program (HLP)

Special Alert

Maximum Purchase Price


Contact Info:



Credit Score Requirements

Based on 1st mortgage requirements. Have a good, established credit history and be approved for credit by a participating lender. PHCD housing programs do not have a minimum credit score requirement or threshold; the Department however reserves the right to ask for explanations of any derogatory or negative items contained in the credit report. In situations whereby a collection appears on the credit report, whether or not those collections require repayment prior to the loan closing is left to the discretion of PHCD. All collection items related to a County Program or including a County medical collection, must be paid prior to closing.

Deferred Payments?

Yes, at 2%

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)

Homeowners Education Class:


Is Forgivable?


1 County: Miami-Dade Properties must be within the geographic boundaries of Miami-Dade County.

Income Limitations:

Yes Income limits from HUD 2022 140% AMI guidelines Low income and moderate-income households at or below 140% of AMI (Area Median Income).

Maximum Assistance

$100,000 The Miami-Dade County Public Housing and Community Development, in conjunction with participating lenders, assists very low-to moderate-income individuals and families with the purchase of a home as their primary residence, by providing low-interest second mortgages. The interest rates and loan amounts are determined/based on the location of the property: -The Maximum Loan Amount is up to $100,000 at 1% interest rate inside Vulnerability Ranked Eligible Block Group Areas*. -The Maximum Loan Amount is up to $80,000 at 2% interest rate outside Miami-Dade County Vulnerability Ranked Eligible Block Group Areas*. Vulnerability Ranked Eligible Block Group Areas are in Miami-Dade County as identified in the County’s Miami-Dade County Five -Year Consolidated Plan filed with the United States Department of Housing and Urban Development (U.S.HUD).

Education Requirements Info:

The homebuyer is required to attend the homebuyer counseling agency class before meeting with the first lender. The first lender is required not to begin the application process without the certificate. The applicant(s) must provide the Homebuyer Counseling certificate from the class to the first lender. (The certificate is valid for one year). The homebuyer is also required to provide the certificate to PHCD at the interview for the second mortgage. Additional HUD Approved Counseling Agencies:

Eligible Property Types:

Single Family DetachedCondo Townhome/PUDManufactured Home Twin Home

Income By Household Size:

Program requires 3% down payment, 1% must be from borrower’s own funds.

Qualifying Ratios:

Housing Ratio: Between 40% and 45% Total DTI: Up To 50% Minimum Front End DTI is 40%, Maximum Front End DTI is 50%. Maximum Total DTI is 50%.