Inexpensive Homeownership Program

Inexpensive 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 Development will continue to work to you and regional mortgage brokers to supply a low-interest 2nd and/or a 3rd home loan (of between 0-6 per cent) making use of the proper supply of resources to carry your away from pocket expenses to a level that is affordable.

System involvement is bound to 1 time just per household. a maximum 30-year fixed-interest mortgage is designed for people just who qualify. Additionally, you will be asked to get a mortgage that is first an authorized participating loan provider.

Just how to be considered

Generally speaking, individual or people that do not have house during the time of application can be considered. To meet the requirements you have to: have money maybe not exceeding the limitations; have now been utilized in the exact same type of work with at the least a couple of years; have a very good, well-known credit score and start to become authorized for credit from a participating loan provider; and get both a U.S. Citizen, or have acquired legal residency immigration status that is permanent.

System Guide

Miami-Dade County implements a range that is wide of programs made to improve housing options for reasonable- and moderate-income, individuals and households that are legal residents of Miami-Dade County (County). Leer más