Miami-Dade Housing Choice Voucher Homeownership Option Program
Special Alert
Maximum Purchase Price
Inquire for Details
Contact Info:
Municipality
Limitations
Credit Score Requirements
Based on 1st mortgage requirements.
Deferred Payments?
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, USDA / RD
Homeowners Education Class:
Required
Is Forgivable?
Location:
1 County: Miami-Dade Property to be in Miami-Dade County.
Income Limitations:
Yes, based on Compliance Income (including household income) Income limits from HUD 2022 50% AMI guidelines
Maximum Assistance
The Housing Authority will provide assistance payments based on the payment standard for the family’s voucher size allocation,
Education Requirements Info:
https://www.miamidade.gov/housing/library/guidelines/infill/homebuyer-counseling-services-agency-list.pdf
Eligible Property Types:
Single Family Detached Condo Townhome/PUD Twin Home
Income By Household Size:
Housing Ratio: Up To 35% Total DTI: Up To 45% Determined by first mortgage product or lender.
Qualifying Ratios:
Housing Ratio: Up To 35% Total DTI: Up To 45% Determined by first mortgage product or lender.
