Homebuyer Programs in Miami, FL (2026)
Miami is the second-most populous city in Florida and the economic hub of South Florida, with a median home price of approximately $565,000. Homebuyers in Miami have access to an exceptional range of assistance programs, including the City of Miami First-Time Homebuyer Program offering up to $70,000 in forgivable loans, the Miami-Dade County Down Payment Assistance Program providing up to $35,000 interest-free, the Homebuyer Loan Program (HLP) with up to $100,000 in low-interest financing, and the MDEAT Homeownership Assistance Program offering up to $28,500 in forgivable assistance. The HFA Miami-Dade Mortgage Program adds up to $15,000 in deferred down payment help, and state programs like the Florida Hometown Heroes Housing Program provide up to $35,000 more. By stacking city, county, and state programs, eligible Miami buyers can potentially access over $100,000 in combined assistance toward their home purchase.
Top Homebuyer Programs in Miami
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| City of Miami District 5 Expanded First-Time Homebuyer Program | Forgivable Loan | Up to $200,000 | Yes | View → |
| City of Miami First-Time Homebuyer Program | Forgivable Loan | Up to $70,000 | Yes | View → |
| 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 → |
| 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 → |
| 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+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | 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 → |
| Habitat for Humanity of Greater Miami | Zero-Interest Loan | Affordable home purchase with 0% interest mortgage | No | View → |
| NACA Purchase Program (Miami) | Grant | No down payment, no closing costs, no PMI, no fees, below-market fixed interest rate | 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 first mortgage loan amount | 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 → |
- Type:
- Forgivable Loan
- Amount:
- Up to $200,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $70,000
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $15,000
- First-time only:
- Yes
- 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
- Type:
- Deferred Loan
- Amount:
- Up to $35,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Up to $100,000 at 1% interest or $80,000 at 2% interest
- First-time only:
- No
- 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
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- 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
- 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
- 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
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- 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
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase with 0% interest mortgage
- First-time only:
- No
- Type:
- Grant
- Amount:
- No down payment, no closing costs, no PMI, no fees, below-market fixed interest rate
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- 3%, 4%, or 5% of the first mortgage loan amount
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to 5% of first mortgage loan amount, minimum $10,000, maximum $35,000
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. Review income limits for the programs you are interested in. The City of Miami First-Time Homebuyer Program serves households earning between 30% and 140% of the area median income. The Miami-Dade County DPA Program has limits ranging from $95,620 for individuals to $136,500 for a four-person household.
- Step 2:
Complete homebuyer education. An 8-hour HUD-approved homebuyer education course is required for most Miami programs. Contact the Housing Finance Authority of Miami-Dade County or a local HUD-approved counseling agency to register.
- Step 3:
Contact a local housing partner. Reach out to the City of Miami Department of Housing and Community Development at (305) 416-1927 for city programs, or Miami-Dade PHCD at 786-469-4100 for county programs. NACA also offers free homebuyer workshops in the Miami area.
- Step 4:
Get pre-approved for a mortgage. Work with a participating lender approved by the program you are applying for. The HFA Miami-Dade program requires a minimum 640 credit score and 24 months of employment in the same line of work.
- Step 5:
Find a home within program guidelines. For city programs, the property must be within City of Miami limits. County programs require the home to be in Miami-Dade County. Check purchase price limits for each program you are using.
- Step 6:
Submit your application. Applications are processed on a first-come, first-ready, first-serve basis through participating lenders. You must contribute at least $500 of personal funds for the City of Miami program. Allow time for processing and underwriting.