See programs you qualify for

By Tyler Thompson · Licensed Real Estate Agent · Updated March 27, 2026

Homebuyer Programs in Miami Beach, FL (2026)

Population: 83,600 | Median home price: $575,000 | Est. closing costs: $11,500 - $17,500

Miami Beach is a world-famous barrier island city in Miami-Dade County with a population of approximately 83,600 and a median home price around $575,000. Despite its high-cost housing market, buyers here can access some of the most generous down payment assistance programs in South Florida. The City of Miami Beach First-Time Homebuyer Program offers between $40,000 and $150,000 in forgivable loans depending on household income. Buyers can also tap into the Miami-Dade County Homebuyer Down Payment Assistance Program (up to $35,000), the MDEAT Homeownership Assistance Program (up to $28,500), the HFA Miami-Dade Mortgage Program (up to $15,000), and state programs like the Florida Hometown Heroes Program (up to $35,000). By stacking city, county, and state programs, eligible Miami Beach homebuyers could potentially access over $200,000 in combined assistance.

City Programs in Miami Beach

Program Name	Type	Amount	First-Time Only	Details
City of Miami Beach First-Time Homebuyer Program	Forgivable Loan	$40,000 to $150,000 depending on household income	Yes	View →

City of Miami Beach First-Time Homebuyer Program

Type:: Forgivable Loan
Amount:: $40,000 to $150,000 depending on household income
First-time only:: Yes

County Programs in Miami-Dade County

Program Name	Type	Amount	First-Time Only	Details
HFA Miami-Dade Mortgage Program	Deferred Loan	Up to $15,000	Yes	View →
MDEAT Homeownership Assistance Program (HAP)	Forgivable Loan	Up to $28,500 (at or below 80% AMI) or up to $14,500 (above 80% AMI)	No	View →
Miami-Dade County Homebuyer Down Payment Assistance Program	Deferred Loan	Up to $35,000	Yes	View →
Miami-Dade County Homebuyer Loan Program (HLP)	Zero-Interest Loan	Up to $100,000 at 1% interest or $80,000 at 2% interest	No	View →

HFA Miami-Dade Mortgage Program

Type:: Deferred Loan
Amount:: Up to $15,000
First-time only:: Yes

MDEAT Homeownership Assistance Program (HAP)

Type:: Forgivable Loan
Amount:: Up to $28,500 (at or below 80% AMI) or up to $14,500 (above 80% AMI)
First-time only:: No

Miami-Dade County Homebuyer Down Payment Assistance Program

Type:: Deferred Loan
Amount:: Up to $35,000
First-time only:: Yes

Miami-Dade County Homebuyer Loan Program (HLP)

Type:: Zero-Interest Loan
Amount:: Up to $100,000 at 1% interest or $80,000 at 2% interest
First-time only:: No

State Programs in Florida

Program Name	Type	Amount	First-Time Only	Details
FHLBA Community Partners Product	Forgivable Loan	Up to $20,000 in home purchase assistance for down payment and closing costs	No	View →
FHLBA First Time Homebuyer Product	Forgivable Loan	Up to $17,500 in home purchase assistance for down payment and closing costs	Yes	View →
FHLBA Workforce Housing Plus+	Grant	Up to $15,000 in home purchase assistance for down payment and closing costs	No	View →
Florida Assist (FL Assist) Second Mortgage Program	Deferred Loan	Up to $10,000	Yes	View →
Florida HFA Preferred and Advantage PLUS Program	Forgivable Loan	3%, 4%, or 5% of the total first mortgage loan amount (HFA Advantage PLUS TBA, Freddie Mac first mortgage only)	Yes	View →
Florida Hometown Heroes Housing Program	Deferred Loan	Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000	Yes	View →

FHLBA Community Partners Product

Type:: Forgivable Loan
Amount:: Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:: No

FHLBA First Time Homebuyer Product

Type:: Forgivable Loan
Amount:: Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:: Yes

FHLBA Workforce Housing Plus+

Type:: Grant
Amount:: Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:: No

Florida Assist (FL Assist) Second Mortgage Program

Type:: Deferred Loan
Amount:: Up to $10,000
First-time only:: Yes

Florida HFA Preferred and Advantage PLUS Program

Type:: Forgivable Loan
Amount:: 3%, 4%, or 5% of the total first mortgage loan amount (HFA Advantage PLUS TBA, Freddie Mac first mortgage only)
First-time only:: Yes

Florida Hometown Heroes Housing Program

Type:: Deferred Loan
Amount:: Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000
First-time only:: Yes

Federal Programs

Program Name	Type	Amount	First-Time Only	Details
FHA Loans	Government-Insured Mortgage	Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)	No	View →
Good Neighbor Next Door (HUD)	Government Property Sale Program	50% discount off the list price of HUD-owned homes	Yes	View →
Home Possible Mortgage (Freddie Mac)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HomeReady Mortgage (Fannie Mae)	Government-Guaranteed Mortgage	Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment	No	View →
HUD $100 Down Program	FHA-Financed HUD REO Purchase	Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.	No	View →
USDA Rural Development Loans	Government-Guaranteed Mortgage	100% financing (no down payment required); loan amount up to appraised value	No	View →
VA Loans	Government-Guaranteed Mortgage	No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)	No	View →

FHA Loans

Type:: Government-Insured Mortgage
Amount:: Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
First-time only:: No

Good Neighbor Next Door (HUD)

Type:: Government Property Sale Program
Amount:: 50% discount off the list price of HUD-owned homes
First-time only:: Yes

Home Possible Mortgage (Freddie Mac)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HomeReady Mortgage (Fannie Mae)

Type:: Government-Guaranteed Mortgage
Amount:: Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
First-time only:: No

HUD $100 Down Program

Type:: FHA-Financed HUD REO Purchase
Amount:: Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
First-time only:: No

USDA Rural Development Loans

Type:: Government-Guaranteed Mortgage
Amount:: 100% financing (no down payment required); loan amount up to appraised value
First-time only:: No

VA Loans

Type:: Government-Guaranteed Mortgage
Amount:: No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
First-time only:: No

Nonprofit Programs

Program Name	Type	Amount	First-Time Only	Details
Habitat for Humanity of Greater Miami	Zero-Interest Loan	Affordable home purchase with 0% interest mortgage	No	View →
Neighborhood Housing Services of South Florida Homebuyer Program	Deferred Loan	Down payment and closing cost assistance available	Yes	View →

Habitat for Humanity of Greater Miami

Type:: Zero-Interest Loan
Amount:: Affordable home purchase with 0% interest mortgage
First-time only:: No

Neighborhood Housing Services of South Florida Homebuyer Program

Type:: Deferred Loan
Amount:: Down payment and closing cost assistance available
First-time only:: Yes

Free eligibility check

20 programs available in Miami Beach. See which ones you qualify for.

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How to Apply

Step 1: Check your eligibility. The City of Miami Beach program serves very-low, low, and moderate-income households as defined by the Local Housing Assistance Plan. The Miami-Dade County program serves individuals earning less than $95,620 (up to $136,500 for a family of four).

Step 2: Complete homebuyer education. All programs require an 8-hour HUD-approved homebuyer education course. The Miami Beach Community Development Corporation (MBCDC) offers free classes in Spanish and English. Contact them at (305) 538-4006. Neighborhood Housing Services of South Florida at (305) 751-5511 is also an approved provider.

Step 3: Meet with a housing counselor. Schedule a free appointment with Neighborhood Housing Services of South Florida or another HUD-approved counseling agency to review which programs you qualify for and develop a homeownership plan.

Step 4: Get pre-approved for a first mortgage. Work with a lender approved by the programs you're applying to. For the HFA Miami-Dade Mortgage Program, you must use an approved participating lender from the Housing Finance Authority of Miami-Dade County.

Step 5: Find a home within Miami Beach. For the city program, the property must be located within Miami Beach city limits. You must contribute a minimum of 2% of the purchase price from your own funds.

Step 6: Submit your application. Contact the City of Miami Beach Housing and Community Development Division at (305) 673-7260 to apply for the city program. For county programs, apply through the Miami-Dade County Department of Public Housing and Community Development.

Step 7: Close on your new home. After approval, coordinate your closing date. The city's assistance is secured by a lien and restrictive covenant, forgiven after 15 years of owner-occupancy.

Frequently Asked Questions

How much down payment assistance can I get in Miami Beach?+

Miami Beach homebuyers can access substantial assistance by combining multiple programs. The City of Miami Beach First-Time Homebuyer Program offers between $40,000 and $150,000 depending on your household income level. The Miami-Dade County Homebuyer Down Payment Assistance Program provides up to $35,000 as an interest-free deferred loan. The MDEAT Homeownership Assistance Program adds up to $28,500 for households at or below 80% AMI. The HFA Miami-Dade Mortgage Program offers up to $15,000. At the state level, the Florida Hometown Heroes Program provides up to $35,000 and the Florida Assist Second Mortgage provides $10,000. Eligible buyers combining programs could access over $200,000 in total assistance.

Do I have to be a first-time homebuyer to qualify?+

For the City of Miami Beach program, yes, you must be a first-time homebuyer who has never previously owned a home. The Miami-Dade County Down Payment Assistance Program also requires first-time buyer status (no homeownership in the past 3 years). The MDEAT program requires first-time buyer status as well. However, some state-level programs have different definitions, and the Florida Hometown Heroes Program includes those who have not owned in the past 3 years.

What is the maximum home price I can purchase?+

The City of Miami Beach program does not publish a specific purchase price cap, but affordability is determined by your income and the City's Local Housing Assistance Plan. For the Miami-Dade County programs, purchase price limits are set annually and vary by program. The HFA Miami-Dade Mortgage Program follows Florida Housing Finance Corporation limits. Contact the City's Housing and Community Development Division at (305) 673-7260 for current limits.

What homebuyer education is required?+

All down payment assistance programs in Miami Beach require completion of an 8-hour HUD-approved homebuyer education course before closing. The Miami Beach Community Development Corporation (MBCDC) offers free homebuyer education classes, including sessions in Spanish. Contact them at (305) 538-4006. Neighborhood Housing Services of South Florida at (305) 751-5511 is another approved provider in the area.

How long do I have to live in the home before the assistance is forgiven?+

For the City of Miami Beach First-Time Homebuyer Program, the assistance is forgiven after 15 years of continuous owner-occupancy. If you sell, rent, refinance, or the home is no longer your primary residence before the 15-year period ends, you must repay the full assistance amount. The Miami-Dade County program has its own compliance period, and the MDEAT program loan is deferred as long as you remain in the home as your primary residence.

Can I combine Miami Beach city programs with county and state programs?+

Yes, in many cases you can layer multiple programs together. For example, you could potentially combine the City of Miami Beach First-Time Homebuyer Program with the Miami-Dade County Down Payment Assistance Program, the MDEAT program, and state programs like the Florida Hometown Heroes Program. Each program has its own eligibility requirements, so working with a HUD-approved housing counselor at Neighborhood Housing Services of South Florida can help you determine which combination works best for your situation.