Miami-Dade County Homebuyer Down Payment Assistance (up to $35,000)
Miami-Dade County Housing & Community Development offers income-eligible first-time buyers who live in the county up to $35,000 as a 0% loan deferred for up to 30 years. The county lists the program as open.
Homebuyer Down Payment Assistance Program
Taking applications
Miami-Dade County
Amount
Up to $35,000
Kind of help
Deferred loan, due at sale or refinance
Who it's for
Income-eligible first-time buyers who are Miami-Dade residents
Income cap
Under $95,620 (1), $109,200 (2), $122,920 (3), $136,500 (4 persons)
First-timers only
Yes
Also note
HUD-approved counseling + homebuyer education; 1% of price from own funds; fixed-rate first mortgage; CLTV max 105%; County resident at application and closing
0% interest, up to 30-year deferred, due on sale/transfer/refi. Shared-equity on resale: 100% of profit to County if sold in years 1-3, 50% in years 4-6, 0% after 6. Page does not state a price limit or funding status.
The assistance is a second mortgage at 0% interest with nothing to pay monthly for up to 30 years. It becomes due when you sell, transfer or refinance. The detail many buyers miss is the shared-equity rule on resale: if you sell in years 1 through 3, 100% of the profit goes to the County; in years 4 through 6, 50% does; after year 6, none. If you expect to move within a few years, factor that in.
Who qualifies?
First-time buyers who are Miami-Dade County residents both when they apply and when they close.
Household income under $95,620 for 1 person, $109,200 for 2, $122,920 for 3 or $136,500 for 4.
You put in at least 1% of the price from your own funds.
HUD-approved counseling plus homebuyer education.
A fixed-rate first mortgage, with combined loan-to-value no higher than 105%.
The County page does not list a purchase price limit or say how much money is left, so ask both questions when you call.
Using it with Hometown Heroes and other help
Hometown Heroes allows another agency's stand-alone assistance in third position behind its first and second mortgages, and this county loan is that kind of program. Whether Miami-Dade accepts third position under its 105% combined-LTV cap is something a participating lender confirms. City of Miami buyers can also look at the much larger City of Miami program; the HFA of Miami-Dade program is a separate option that requires its own first mortgage.
How to apply
Finish a HUD-approved counseling and homebuyer education course and keep the certificate.
Get pre-approved for a fixed-rate mortgage and save at least 1% of the price.
Apply through Miami-Dade HCD from the official program page before you close.
Keep your Miami-Dade residency through closing.
Questions worth asking Miami-Dade HCD
The County page leaves a few gaps, so raise them early. Ask whether there is a purchase price cap for your target neighborhood, how much funding remains this fiscal year, and how long approvals are taking. Ask how the shared-equity calculation defines "profit" when you sell, since that rule takes all of your gain in the first three years. Also confirm how the 105% combined loan-to-value limit treats any other second mortgage you plan to use. Getting these answers in writing before you sign a contract protects your deposit and your timeline, and lets your lender structure the first mortgage correctly from the start.
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.
LisaAnswering Florida buyers today
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