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:

 

  1. Purchase Price limit $276,000
  2. Broward County Income Limit up to 80% AMI
  3. Funding up to $50,000 at 50% AMI and up to $40,000 at 80% AMI per household
  4. Ratios are 35/45% Max
  5. 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!