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Miami-Dade Housing Finance Authority Single Family Bond
Housing Finance Authority olf Miami-Dade County
www.miamidade.gov/hfa

Contact


Miami-Dade Housing Finance Authority
7855 NW 12th Street Suite 102
Doral Florida 33126
305 499-8743






Program Overview


Miami-Dade Housing Finance Authority Single Family Bond is a is a program that provides first mortgage financing for eligible homebuyers, and second mortgage assistance for down payment and closing costs. Miami-Dade County


Who is eligible for thisTest program?


Family income limits are $78,720 for 1 or 2 members in the family or $91,840 for 3 or more members in the family. Minimum credit score of 620. Must occupy property as primary residence. Bond funds are used for the purchase of a primary residence.

Household Income Limit: $ 91840
Is thisTest program for first time buyers only? Yes


Property Eligibility Requirements


Miami-Dade County
The sales price cannot exceed $ 478076 (targeted); $391153 (non-targeted).
Allowable property types: Single Family detached, townhouse, condo


Benefit Details


Interested borrowers must contact a participating lender to determine if they qualify for a bond first mortgage. Once a borrower has been pre-qualified, they can shop for a home. Borrowers must occupy the home as a primary residence. Maximum second mortgage of $7500

Benefit: Low interest rate and cash assistance for down payment and closing costs
Loan Term:30 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:A bond first mortgage may be used with other subsidy programs such as MMAP and State bond program.

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