What the HFA publishes
According to the Housing Finance Authority of Miami-Dade County homebuyer page, reviewed on November 10, 2026, a first-time homebuyer is defined as a person who has not owned a home in the last three years. The HFA describes a 30-year fixed-rate first mortgage. This website does not quote or promise an interest rate; the HFA asks buyers to contact an approved lender for the current rate. Once approved for an HFA mortgage, the page states that buyers qualify for down payment assistance of up to $15,000 in the form of a deferred 0% second mortgage.
Eligibility, as listed on November 10, 2026
The official page lists, among other points:
- A minimum credit score of 660 or higher.
- Employment in the same line of work for 24 months.
- U.S. citizenship or permanent residency immigration status.
- Meeting income limits. The page lists an income limit of $190,680 for all loan products and household size. Confirm the current figure and how household size is counted on the official site, because limits change.
- Meeting home purchase requirements. The page lists an FHA loan limit of $667,000 and a VA and conventional loan limit of $832,750. Confirm those ceilings on the official page and with a participating lender.
- The home must be in Miami-Dade County and occupied as a primary residence. It may be a single-family home, townhouse, condominium, or a 2- to 4-unit property.
- Buyers must complete an 8-hour HUD-approved homebuyer education course.
The HFA also notes that certain census-tract target areas may be exempt from the first-time homebuyer requirement and may have different income or purchase-price limits. Use the official target-area locator on hfamiami.com to check an address.
City programs in Miami and Hialeah
The City of Miami, the City of Hialeah and other municipalities sometimes offer their own first-time homebuyer or assistance programs, separate from the county HFA. Those rules, amounts and opening periods change and are published by each city. This page does not list unverified city amounts. If a city program may apply, we can help you find the official source and review it with your lender.
How a conversation with us can help
David Mieres, Mortgage Lender, NMLS #2857980, with LoanWorks Financial, NMLS #2791803, can help you understand how an HFA first mortgage and this kind of assistance are usually reviewed, subject to credit approval and to the HFA’s rules. Official approval comes from the program and a participating lender, not from this website. The HFA publishes a list of participating lenders on its site.
Source: Housing Finance Authority of Miami-Dade County, Homebuyers page, reviewed November 10, 2026, at hfamiami.com/homebuyers. Figures and rules change; confirm them there. This page is not an offer or a promise of approval.