Miami-Dade Economic Advocacy Trust (MDEAT) Homeownership Assistance Program (HAP)

Special Alert

Maximum Purchase Price

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Contact Info: 111 NW 1st Street, Suite 2032, Miami, FL 33128 305-375-5661


Borrowers must reside in Miami-Dade County at the time of application. Must get approved for first mortgage financing through a program approved MLO and Lender. In person homebuyer education is required via a MDEAT and HUD approved Housing Counseling Agency. A HAP Approved closing agent MUST be used in order for borrowers to be eligible to receive MDEAT HAP funds. Therefore, you must select a Closing Agent from their closing agent list to assist you. THERE ARE NO EXCEPTIONS TO THIS POLICY. Funds include a $250 homebuyer counseling payout. Seller-held mortgages & loan assumptions are not allowed.

Credit Score Requirements

Based on 1st mortgage requirements.

Deferred Payments?

Yes, for 10 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?

Fully forgiven if in good standing with the terms of the loan.


1 County: Miami-Dade Property must be located in Miami-Dade County.

Income Limitations:

Yes, based on Compliance Income (including household income) Income limits from HUD 2023 140% AMI guidelines Eligibility is based on having an annual household income that doesn’t exceed 140 percent of county Area Median Income (AMI) based on your family size. Household Income: Anyone, 18 years or older that has a documented source of income.

Maximum Assistance

$28,500 Allowable Assistance amount varies based on income level of the applicant and need. Assistance amounts reflected here are shown on the Current Income limit chart. For Households at or below 80% of Miami-Dade County adjusted gross median income: The maximum assistance is $28,500.00; however, the Combined-Loan-To-Value (CLTV) may NOT exceed 105.00%. *For Households above 80% (up to 140%) of Miami-Dade County adjusted gross median income: The maximum assistance is THE LOWER OF 4.00% of the property purchase price or $14,500.00.

Education Requirements Info:

Must attend in-person approved Homebuyer Education Course. In addition to submitting a course certificate for HAP funds, the HAP borrower MUST sign a HAP Homebuyer Education Course Completion Form to acknowledge that the HAP borrower received information about HAP during the workout. Completion Form:

Eligible Property Types:

Single Family Detached Condo Townhome/PUD

Income By Household Size:

HH1HH2HH3HH4HH5HH6HH7HH8 $101,220$115,640$130,060$144,480$156,100$167,720$179,200$190,820 *Income limits as of 06/01/2023

Qualifying Ratios:

Determined by first mortgage product or lender.