HFA of Miami-Dade County Single Family Program (up to $15,000)
The Housing Finance Authority of Miami-Dade County gives first-time buyers up to $15,000 in down payment assistance when they use the HFA's own first mortgage. It is listed as open.
HFA of Miami-Dade County Single Family Program
Taking applications
Miami-Dade County
Amount
Up to $15,000
Kind of help
Deferred loan, due at sale or refinance
Who it's for
First-time buyers using the HFA's bond/TBA first mortgage
Income cap
See HFA income & loan limits
First-timers only
Yes
Also note
Participating lender; homebuyer education; min FICO 660 FHA / 640 VA & conventional
Second-mortgage DPA tied to the HFA first mortgage; lock rates on 11/6/2026 page: FHA/VA 7.625%, conventional 8.000%. Exact second-mortgage terms not stated on the highlights page.
This is a package deal: a first mortgage from the HFA's program (bond or TBA) plus a deferred second mortgage of up to $15,000 for down payment and closing costs. You cannot take the second mortgage alone. The program highlights page managed by eHousingPlus does not spell out the second mortgage's exact repayment or forgiveness terms, so ask the loan officer for the note before you lock.
Rates on the HFA first mortgage are set by the program. On November 6, 2026 the posted lock rates were 7.625% for FHA and VA and 8.000% for conventional. Compare those against a market-rate loan plus other assistance; a lower-rate loan with less help can cost less over time.
Who qualifies?
First-time buyers.
Income and loan limits set by the HFA (see its limits page).
Minimum credit score 660 for FHA, 640 for VA and conventional.
Homebuyer education and a participating lender.
Using it with Hometown Heroes and other help
Hometown Heroes requires its own Florida Housing first mortgage, and this HFA second requires the HFA's first mortgage. A loan can have only one first mortgage, so treat these as two different roads rather than a stack. Hometown Heroes gives 5% of the loan (at least $10,000, up to $35,000) to eligible workers; this HFA program has no job requirement. Whether county or City of Miami assistance can sit behind the HFA loan is something a participating lender confirms.
How to apply
Pick a lender on the HFA of Miami-Dade participating list.
Check your income against the HFA limits and your score against the 640/660 minimums.
Complete homebuyer education.
Your lender reserves the first and second mortgage together once you have a contract.
Is the HFA package the right choice?
The HFA program makes the most sense for first-time buyers in Miami-Dade who don't qualify for Hometown Heroes, or whose loan is small enough that Hometown Heroes would give only its $10,000 minimum. In that case $15,000 from the HFA can be the larger amount. On the other hand, if the HFA's posted rate is well above what a lender can offer on a standard loan, the higher payment can outweigh the assistance over a few years. Ask your loan officer to show the monthly payment and total cash to close under each option side by side, and ask for the second mortgage note so you know exactly when it comes due.
Our summary of the official program page as of November 2026. Funding and terms change; get the current version from the program or a participating lender. Florida Down Payment Assistance has no tie to this program.
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