M-DC PUBLIC HOUSING AND COMMUNITY DEVELOPMENT - FIRST-TIME HOMEBUYER PROGRAM

Description:

For those looking for assistance in obtaining financing as a first-time homebuyer and qualify under CDBG, HOME, SHIP or Surtax income guidelines may benefit from the loan program between the Miami-Dade County Public Housing and Community Development and local home mortgage lenders.

Homebuyers in Miami-Dade County have a chance to own a home at below-market mortgage rates. Public Housing and Community Development will work with you and local mortgage lenders to provide a low-interest second and/or a third mortgage (of between 0-6 percent).

Low-and moderate-income persons who are first-time homebuyers may apply for a mortgage loan subsidy through the County's loan program.

General Information

Hours:

8:00am-5:00pm, Mon-Fri

Intake Process:

Call or visit the website for information

Program Fees:

Varies based on income and monthly home payments

Languages:

English, Spanish

Eligibility:

Individual or families who do not own a home at the time of application.

To be eligible you must: have an income not exceeding the limits; have been employed in the same line of work for at least 24 months; have a good, established credit history and be approved for credit by a participating lender; and be either a U.S. Citizen, or have obtained legal permanent residency immigration status.

Is Shelter?

No

Miscellaneous

Related Resource

Date of Official Change:

January 12, 2024

Legal Status:

Public Service

Year Incorporated:

1999

Address Listings

Contacts

Phone Numbers

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