Miami-Dade County HFA Bond Program
If you’ve ever dreamed of owning your own home but felt that buying a home was a little beyond your reach, the Miami-Dade County Housing Finance Authority may make your dream easier to achieve with their ownership program. This program offers a 30-year fixed rate mortgage and a second mortgage available for down payment and closing cost assistance.
This program is available in all of Miami-Dade County.
To qualify for a Miami-Dade County HFA Bond Program loan you must meet the program the program requirements listed below.
Any of the following listed below qualify as a first-time buyer:
*A person who has not owned and occupied their principal residence in the last 3 years.
*A person who has never owned their principal residence.
*A qualified military veteran.
*A person purchasing a home in a Targeted Area.
And you must also:
*Be credit worthy, there are minimum credit scores in this program.
*Have a fully executed sales contract for a specific property.
Properties must also be able to qualify in the program. What qualifies - New or existing, one to four unit, detached or attached, condo and manufactured homes.
What homes do not qualify? Mobile, recreational, seasonal or other type of vacation or non-permanent homes are not permitted in the program.
Fees in the program
There are zero origination and discount points in this program, and the lenders may not charge additional points.
There is a $225 Bond Application Fee payable at closing by the buyer or seller.
Income Limits
There are income limits in this program. You must include the income of everyone who will reside in the property who is 18 years of age or older (even if they will not be party to the mortgage).
 |
1-2 persons |
3 or more persons |
Targeted/Non-Targeted Areas |
$84,360 |
$98,420 |
Purchase Price Limits
Qualified properties in the program have purchase price limits.
Non-Targeted Areas |
Targeted Areas |
$386,202.60 |
$472,025.40 |
*Existing 2, 3, and 4 family homes must be at least 5 years old, and mortgagor must reside in the property as their principal residence.
Participating Lenders
Listed below are the loan officers who’ve been actively participating in this bond program. This list is updated on a monthly basis.
Institution |
Name |
Phone Number |
|
Bank of America |
Antonio Ortiz |
305-468-4329 |
|
Bank of America |
Jim Olivera |
305-468-4327 |
|
Bank of America |
Michelle Diaz |
786-388-3750 |
|
DHI Mortgage |
Denise Zakeri |
321-725-8077 |
|
DHI Mortgage |
Catherine Miller |
813-549-1857 |
|
FEMBI |
Wendy Durant |
305-666-3333 |
|
FEMBI |
Jesse Rodriguez |
786-306-1496 |
|
Home Financing Center |
Liliana Perrone |
305-777-1112 |
|
UAMC |
Fred Bailey |
305-302-0200 |