The City of Miami Gardens through the State Housing Initiative Program (SHIP) has a Purchase Assistance Program to include assistance with down payment and closing costs. These are typically available for persons who meet particular income requirements.
•Eligible applicants can receive up to $20,000.00 in assistance.
•Assistance will be provided on a first-qualified, first-ready, first served basis, funds are limited.
• Homebuyer must complete an education course by a HUD certified Housing Counselor.
•A first-time buyer is considered someone hasn’t owned a home in the last three years
•Applications are provided once fully executed sales contract and Lender approval letter have been received.
•Participants with income less than or equal to 120% of median income for family size.
•Property must be located within the City of Miami Gardens city limits.
•City of Miami Gardens, single family homes, including town homes, duplex, and condominiums
•Property sales price does not exceed $ 331,881.00
•Forgivable at the End of Thirty (30) years
•Maximum assistance is up to $20,000.00
•Funds will be awarded as a deferred payment loan secured by a recorded subordinate mortgage and note.