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The City of Miami's First Time Homebuyer program helps eligible applicants purchase their first home by providing low-interest assistance loans.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

Miami First Time Homebuyer Program

The City of Miami’s First Time Homebuyer program helps eligible applicants purchase their first home by providing low-interest assistance loans.  

Available Assistance 
The Miami First Time Homebuyer Program provides zero-interest deferred loans to first-time homebuyers purchasing a property in the City of Miami if they qualify based on their income category. 

Eligibility Requirements 
To be considered eligible for the First Time Homebuyer program, applicants must be first-time homebuyers (those who have not owned a home in the previous three years) and have a household income that falls under 80% of the area median income. Additionally, applicants are required to contribute a minimum of $500 of their personal funds toward the down payment/closing costs.    

Property Guidelines 
Any property purchased with program funds must be used as the borrower’s primary residence, be located within Miami city limits, and meet Housing Quality Standards as per HUD Eligible property types include single-family residences, townhomes, or condominiums. The program’s maximum purchase price limit is $261,000 for existing homes and $276,000 for new constructions. 



Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but states and local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price, and income limits.       

Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information. 

First-Time Home Buyer Programs in Florida

The Tallahassee Lenders' Consortium First-Time Homebuyer Program provides down payment assistance to first-time homebuyers, lessening the burden of upfront costs associated with the mortgage process.

The City of Miami's First Time Homebuyer program helps eligible applicants purchase their first home by providing low-interest assistance loans.

The City of Orlando's Down Payment Assistance (DPA) Program provides assistance to qualified first-time homebuyers for the down payment and closing costs associated with purchasing a home.

The City of St. Petersburg offers eligible applicants assistance with the Purchase Assistance Program to help them afford the upfront costs of buying a new home.

The Home Sweet Home Program helps income-eligible applicants by offering down payment and closing cost assistance

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First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.

FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

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