City of Miami First-Time Homebuyer Program

Administered by: City of Miami Department of Housing and Community Development · City · Forgivable Loan

Funding status: Active

How much assistance

Up to $70,000 (Forgivable Loan)

Zero percent forgivable loan conditioned on living in the home as primary residence for a set period. Repayment required if sold, transferred, leased, rented, or abandoned during forgiveness period.

Eligibility

  • Income limits: Annual household income from 30% to 140% of area median income, depending on household size.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Property must be within City of Miami limits.
  • Homebuyer education required: Yes

How to Apply for City of Miami First-Time Homebuyer Program

Step 1: Select an eligible property in the City of Miami. Get pre-qualified by a participating lender. Must contribute at least $500 of personal funds. Applications processed first-come, first-ready, first-serve through participating lenders. Contact (305) 416-1927.

Visit program website

Cities Where This Program Is Available