Realtor & Lender Information
Up to $10,000 in Down Payment Assistance
The North Miami Community Redevelopment Agency (NMCRA) offers a First-Time Homebuyer Program designed to help eligible homebuyers purchase a qualifying home located within the North Miami CRA boundaries.
Eligible homebuyers may receive up to $10,000 in down payment assistance. Assistance may be available for eligible gap funding and closing costs associated with the purchase of a qualifying home.
Program Highlights
- Up to $10,000 in Down Payment Assistance
- Property must be located within the North Miami CRA boundaries
- Available for the purchase of a qualifying single-family home, townhouse, or condominium
- Assistance may be used for eligible gap funding and closing costs
- Household income must generally fall within the program's required income limits based on Miami-Dade County Area Median Income (AMI) guidelines
- Buyer must meet the program's first-time homebuyer requirements
- Buyer must obtain a mortgage pre-approval from a qualified lender
- Buyer must complete a HUD-approved first-time homebuyer education course
- Buyer must contribute at least $2,000 of their own funds toward the purchase
- The property must be occupied as the buyer's primary residence
- Additional program requirements, property restrictions, and funding conditions may apply
Current Year Income Guidelines
The North Miami CRA program uses applicable Miami-Dade County income guidelines to determine eligibility. Income limits vary based on household size and income category.
For the most current income limits and eligibility requirements, homebuyers should contact the North Miami CRA directly before applying.
Realtors & Lenders
Are you a Realtor or mortgage lender working with a homebuyer who may qualify for this program?
The North Miami CRA's published program information requires applicants to obtain a mortgage pre-approval from a qualified lender. There does not appear to be a publicly posted list of approved Realtors or approved lenders specifically for this program.
Realtors and lenders who would like to inquire about whether the North Miami CRA maintains a list of approved or participating professionals, or who want to confirm current participation requirements, should contact the North Miami CRA directly.
North Miami CRA Contact Information
North Miami Community Redevelopment Agency (NMCRA)
Phone: 305-895-9839
Address: 735 NE 125th Street, Suite 100, North Miami, FL 33161
Hours: Monday–Thursday, 8:00 AM–5:00 PM
Friday: 8:00 AM–2:00 PM
How to Get Started
- Review the North Miami CRA First-Time Homebuyer Program requirements.
- Confirm that the property is located within the North Miami CRA boundaries.
- Contact a qualified mortgage lender to obtain a mortgage pre-approval.
- Complete the required HUD-approved first-time homebuyer education course.
- Contact the North Miami CRA to confirm current program requirements and funding availability.
- Submit the required application and supporting documentation.
- Work with your Realtor and lender to complete the home purchase process in accordance with program requirements.
Important Information
DPA Compass is not affiliated with, partnered with, or connected to the North Miami Community Redevelopment Agency and does not administer, fund, or provide this down payment assistance program. DPA Compass is sharing this information as a public informational resource to help homebuyers, Realtors, and lenders learn about potential down payment assistance opportunities.
Program funding, eligibility requirements, income limits, property requirements, and application procedures are subject to change and may vary based on the administering agency's current guidelines and available funding.
Homebuyers, Realtors, and lenders should contact the North Miami CRA directly to verify all current program guidelines, funding availability, eligibility requirements, and participation procedures before relying on this information.
Looking for More Down Payment Assistance Programs?
Visit www.dpacompass.com to explore additional down payment assistance programs and resources that may help make homeownership more affordable.
