Down Payment Assistance updates:
08/25/2020
Palm Beach County:
Click the link below to see the available programs and incentives the City of West Palm Beach has to offer:
https://www.wpb.org/government/available-programs-and-incentives
08/19/2020
Broward County still has Homebuyer Purchase Assistance (HPA) funds available in the communities shown below. The communities where funds recently have become available are highlighted. Here are some details:
- Lenders may ask to reserve funds when the buyer has a pre-approval and identified a property.
- Hollywood:
- To reserve Hollywood funds, lender is to write to Irina Korovyakovskaya and then provides a 1003, 1008 and sales contract within the following few days.
- All other communities: To reserve funds for any other community below, lender sends an email to Suzanne Weiss and Richard Yeargin. The lender will receive a written confirmation of the reservation of funds.
- Income certifications are being handled by the County with the homebuyers telephonically and electronically.
- Due to COVID staff spacing, the income certification, approval and funding process is taking 5-6 weeks after receipt of a package from the lender. Please be mindful of this timetable.
- As always, funds are available on a first-come, first-qualified, first-served basis, until funds are fully expended.
| City/area | HPA available funds | Income Limit (% of Area Median Income) | Available now? |
| Cooper City | Up to $40,000 | 80% AMI | YES! |
| Dania Beach | Up to $40,000 | 80% AMI | YES! |
| Davie
| Up to $50,000
| 80% AMI
| No available funds |
| Hallandale Beach | Up to $40,000 | 80% AMI | YES! |
| Hillsboro Beach | Up to $40,000 | 80% AMI | YES! |
| Hollywood | Up to $50,000 | 120% AMI | Limited funds available |
| Lauderdale-by-the-Sea | Up to $40,000 | 80% AMI | YES! |
| Lazy Lake Village | Up to $40,000 | 80% AMI | YES! |
| Lighthouse Point | Up to $40,000 | 80% AMI | YES! |
| Margate | Up to $40,000 | 80% AMI | Limited funds available |
| Oakland Park | Up to $40,000 | 80% AMI | YES! |
| Parkland | Up to $40,000 | 80% AMI | YES! |
| Pembroke Park | Up to $40,000 | 80% AMI | YES! |
| Plantation | Up to $50,000 | 80% AMI | Limited funds available |
| Sea Ranch Lakes | Up to $40,000 | 80% AMI | YES! |
| Southwest Ranches | Up to $40,000 | 80% AMI | YES! |
| Weston
| Up to $80,000
| 80% AMI
| No available funds |
| West Park | Up to $40,000 | 80% AMI | YES! |
| Wilton Manors | Up to $40,000 | 140% AMI | YES! |
| Unincorporated Broward | Up to $40,000 | 80% AMI | YES! |
Lenders: the guidelines for the First Mortgage loan, submittal instructions and a Worksheet can be sent to you upon request. Once your client is pre-approved and has identified a property, the lender is to contact our office in writing to reserve funds, then submit a hard copy, paper package.
Properties in other cities: If you are interested in a property located in any Broward city not listed above, you should contact that city directly to find out if they have purchase assistance program and available funds.
08/12/2020
Purchase Assistance Funds are available in the city of Pembroke Pines and Miramar
1. 80% AMI
2. Max purchase price is 275,000
07/22/2020
Subject: Purchase Assistance Funds - HOME FUNDS- City of Miramar
There are funds in the HOME Program for the City of Miramar and the following are some of the criteria:
- Purchase Price limit $276,000
- Broward County Income Limit up to 80% AMI
- Funding up to $50,000 at 50% AMI and up to $40,000 at 80% AMI per household
- Ratios are 35/45% Max
- Recapture term is 15 years and there is no BUYDOWN
Other cities with funds available:
Cooper City
Davie
Fort Lauderdale
Broward County
For more information see your housing counselor.
Click County for Area Median Income:
Broward County -
Palm Beach County - Featuring the City of Boca Raton
Miami Dade County - Featuring the MDEAT program
Helpful Information
Our Resources can help you understand the home buying process and your rights, provide you with information about the available down payment grants, help you locate resources in Miami-Dade, Broward, and Palm Beach counties, and much more.
Also check out our glossary to understand unfamiliar terms.
Select a County above to get started. Knowledge is Power!