Miami-Dade HFA

Miami-Dade HFA – Single Family & MCC Programs
Note – for details, see the Administrator’s Guidelines under GUIDE & FORMS

  • Program offers three options.
    1. First Mortgage Program with DPA with MCC
    2. First Mortgage Program with DPA
    3. MCC Program
  • First Mortgage Program’s allocation – revolving funds
  • MCC Program – 20 mill
LOAN TIME LINE REQUIREMENTS DO NOT RESERVE EARLY: Underwriter must Certify the loan on line 15 days after Reservation!

  • Reservation to UW Cert: 15 days
  • Reservation to Loan Purchase: 60 days
  • Miami-Dade County
  • First-time Homebuyers
  • Borrower(s) & Spouses, occupant or non-occupant
  • Must be able to permanently reside in the U.S.
  • Principal residence
  • Borrower(s) must occupy property within 60 days of closing
  • IRS filed returns for past 3 yrs – all borrower(s) & spouses
  • Government – FHA, VA, USDA-RD
  • Conventional
    • Fannie Mae HFA  Preferred  
    • Freddie Mac HFA Advantage
  • up to 15,000
  • Must be used for DownPayment and Closing Costs.
  • Cash back is NOT allowed.
  • Household income is considered for ALL Borrower(s) , spouses and anyone 18 years or older residing in the home.  see guidelines
  • see guidelines
  • Required for all named on the Warranty Deed.  View Homebuyer Education Providers.
  • FICO – See Guidelines
  • Max DTI – See Guidelines
  • no manual UW
  • Follow Agency Guidelines (FHA, VA, USDA, Fannie Mae, Freddie Mac).  Cannot be named on the Warranty Deed
  • See Administrator’s Guidelines
  • Online, once logged in to eHP system: See Forms and Guidelines
  • Subject to Fee
  • Issues the First Mortgage Program and Down Payment Assistance Program
  • Sets the rate, term, points and DPA options
  • Lender relationships, Participation, Approval
  • Markets the Program
  • Agency Web
  • Provides information and training concerning the mortgage loan file, acceptable loan products, delivery and funding, reviews/purchases the mortgage file
  • Servicer Lender Guides, Click here
  • Contact US Bank Lender Help Desk, Click here.


Current Rate/Offerings
Rate/Offerings DPA / Second Lock Rate  Min FICO Effective Date
Government (FHA,VA, USDA) up to 15,000 4.250% 660 3/16
Fannie Mae HFA Preferred  up to 15,000 4.625% 640 3/16
Freddie Mac HFA Advantage  up to 15,000 4.625% 640 3/16


  • 1.00% origination or discount or combination of both but in total not to exceed 1.00%
  • Term: 30 Year Amortizing
  • manufactured homes not allowed
  • manual UW not allowed on GOV 
  • DPA Up to $15,000 DPA/Closing costs
    • 0%, 30 Year Deferred
    • Cash back is not permitted (see guidelines).  Please reduce the DPA amount



eHousingPlus is the Program Administrator, and provides some of the following services:

            Administrator Guidelines    (3/8)   Administrator's Guidelines 3/25 7/1

  • Provides the web-based program loan reservation and management system, Administrator’s Guidelines, Program forms, Lender Program and System Training, Notices and updates to Lenders, Compliance Support to Lenders, Reviews Compliance Files, Timelines, Works with the Agency and Master Servicer on Program Goals.
  • Need help, Click here

 Program Sample Forms form   

The Following Lenders have been approved to originate loans in this Program:

  • American Financial Network
  • CenterState Bank of Florida, N.A.
  • DHI Mortgage
  • GSF Mortgage Corporation
  • Home Financing Center
  • Hamilton Group
  • HG Mortgage (only MCC Program)
  • LoanDepot dba iMortgage
  • Nations Lending Corporation
  • Open Mortgage
  • Pacific Union Financial
  • Paramount Residential Mortgage
  • Shelter Mortgage
  • UAMC

Interested in becoming a participating lender?  Contact us.

Program Updates
  • 2/21/2017- DPA is increased to 15,000.  Timeline revised. Extension fee is 500
  • 5/11 – revised income & acquisition limits.  effective 6/14 – please see guidelines
  • 12/1- MANUFACTURED HOMES are eliminated (eff 12/1 reservations)
    12/1- FHA – no manual underwriting (eff 12/1 reservations)
    12/1- Min FICO is 660 on Gov (eff 12/1 reservations)
  • 10/1- Freddie Mac
  • 7/22-updated income & acquisition (purchase) price limits
  • 7/1- Effective with new reservations July 1 and after, Documentary Stamp Tax/Intangible Tax The second mortgage and note are not exempt from Florida Documentary Stamp and Intangible Tax effective with new loan reservations as of July 1, 2015.  The deed is not exempt. Tax on the deed must be paid by someone other than the borrower, the borrower’s funds or the second mortgage proceeds
  • 4/7- Effective 3/6 – Household Income Limits Increased -1-2 person families = $81,240 and  3+ person families = $94,780
  • 3/25- Effective 3/6 – Household Income Limits Increased -1-2 person families = $78,200 and  3+ person families = $81,600
  • 12/2 Home for the Holidays – rate reduced.
  • 9/2 – HFA Preferred is offered
  • 8/25 – Training for new product – HFA Preferred
  • 7/19 – eHousingPlus has added the NMLS to the reservation.  Click on the OTHER tab.  If entered, it will be populated on the second Mortgage & Note documents.  You also will have the ability to add directly to the form.
  • 7/18 – NMLS information will be required –  effective 7/31  view details
  • 6/25- Updated Income & Acquisition limits
  • 6/9 – Updated guidelines – servicer fee
  • 5/23- Rate decreased from 4.25% to 4.00% , 10,000 DPA
  • 1/6 – Targeted Areas revised to reflect 2010 Census; New site for property address/census tract determination
  • 11/8  First mtg loans no longer required to use MCC, MCC can be included, but not required; MCC can be done by lenders not using first mtg but no dpa if only MCC; no recapture documents or MCC’s with only the first mortgage
  • 8/12 – Income Limits change – see Administrator’s Guidelines for details
  • 8/8 – Lender Compensation is increased – see Administrator’s Guidelines for details
  • 8/5- DPA is increased from 7,500 to 10,000 on New Reservations – Please note – you will not be able to change an existing DPA from 7,500 to 10,000
  • 7/5 – rate change
  • 7/1 – Mortgagee Letter 2013-14, Guidelines updated
  • 2/25 – Updated Administrator Guidelines, DPA Acknowledgement Form and Wire Request.
  • 2/20 – Rate reduced to 3.25%

11/1 – The HFA of Miami-Dade County has been advised that US Bank is implementing nationwide a Maximum 45% Debt-to-Income Ratio for all Single Family Programs.  The maximum 45% DTI Ratio wlll become effective on November 1, 2012 for all NEW loan reservations (loans in the pipeline before Nov. 1st will NOT have a maximum DTI Ratio).  Please contact the US Bank Help Desk at 800-562-5165 with any questions.

EhousingPlus University

  1. eHP Lender Program Training
    • Required for everyone participating in the program
    • offered 24/7
    • Click here to attend Program training
  2. eHP System Training*
    • After you complete the online Lender Program Training, information is provided as to what happens next.
    • Click here to register for system training


Should you have any questions on training, please contact

To read more about eHP Program Training, click here.

* System Training is required at least once, so that users gain the knowledge necessary to originate and manage their loans on-line. eHP University provides additional opportunities to re-train and/or refresh your system knowledge. Recurring (experienced) system users do not need to attend system training.