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Affordable Homeownership Program

Affordable Homeownership Program

You qualify under CDBG, HOME, SHIP or Surtax income guidelines, you may apply for a mortgage loan subsidy through the County’s loan program if you are looking for assistance in obtaining financing as a first-time homebuyer and.

Public Housing and Community developing will continue to work to you and neighborhood mortgage brokers to offer a low-interest 2nd and/or a 3rd mortgage (of between 0-6 per cent) with the proper supply of resources to carry your away from pocket expenses to a inexpensive amount.

System involvement is bound to a single time just per household. a optimum 30-year fixed-interest mortgage is readily available for individuals which qualify. You’ll also have to have a mortgage that is first an authorized participating loan provider.

How exactly to be considered

As a whole, individual or people that do perhaps perhaps perhaps not get residence at that time of application can be considered. To meet the requirements you have to: have money maybe not surpassing the limitations; were utilized in equivalent type of benefit at the very least two years; have a very good, established credit rating and start to become authorized for credit with a participating loan provider; and get often a U.S. resident, or have acquired legal permanent residency immigration standing.

System Guide

Miami-Dade County implements a large selection of housing programs built to improve housing possibilities for low- and moderate-income, individuals and people who’re appropriate residents of Miami-Dade County (County). (more…)