City of North Miami First-Time Homebuyer Assistance Program

Administered by: City of North Miami Community Planning and Development Department · City · Deferred Loan

Funding status: Active

How much assistance

Up to $40,000 (Deferred Loan)

Deferred 0% interest loan; repayment deferred for the life of the first mortgage as long as the home remains the primary residence.

Eligibility

  • Income limits: Must qualify as low to moderate income per HUD guidelines for Miami-Dade County
  • Purchase price limit: $460,000
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years.
  • Geographic restrictions: Must purchase a property within the City of North Miami city limits.
  • Homebuyer education required: Yes

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

Step 1: Contact the City of North Miami Community Planning and Development Department at 12300 NE 8th Avenue, North Miami, FL 33161. Applications are processed on a first-come, first-served basis while funding is available. You must have 3% of the purchase price available from your own funds and complete an 8-hour HUD-approved homebuyer education workshop.

Visit program website

Notes

Funded through HUD HOME and State SHIP programs. HOME funds have a $370,000 purchase price cap while SHIP funds allow up to $460,000. Maximum liquid assets: $30,000.

Cities Where This Program Is Available