Purchase Assistance: Low to Moderate Income First-Time Home Buyers

This program provides down payment and closing cost assistance to low to moderate income first-time homebuyers. The amount of assistance varies with income level and is available on a first-come, first-qualified basis until funding is exhausted. Assistance is in the form of a 15-year, 0% interest deferred second loan that reverts to a grant if all program conditions are met.

To begin the purchase assistance pre-application process with the city, a buyer must provide the following two (2) documents:

1. A pre-approval letter from a financial institution based on income. Purchase assistance subsidy from the city must not be considered when determining the pre-approval amount.

2. A Purchase/Sale Contract for a property in the City of Miramar. The maximum allowable sales price under the program is $679,324. 

After these two preliminary documents are reviewed and accepted, the buyer/applicant will be invited to complete the full application and commence the income certification process.

Income Limits are based on the maximum allowable income based on household size:

 

For Lenders: 

Please review our Purchase Assistance Financing Guidelines: City-of-Miramar-Purchase-Assistance-Financing-Guidelines.pdf(PDF, 115KB)

 

 

For more information, please contact the City's Housing Division at 954-883-5030 or housing@miramarfl.gov.