Housing Finance Authority

Benefits

• Membership in the Homebuyers Club
• Guidance through the maze of affordable home ownership financing options
• Individual counseling  
• Review and analysis of a tri-merged credit report
• Mortgage pre-qualification with access to willing lending partners
  

Program activities

• Pre-Qualification/Pre-Purchase Counseling
• Initial Interview
• Purchase Plan Development
• Budget Determination
• Credit Counseling
• Support and Education
• Home Ownership Workshops
• Post-Purchase Education
• Foreclosure Prevention Counseling
  

How to join

Club Members must be residents of Miami-Dade County, or must desire to own a home in Miami-Dade County. There will be a $50.00 fee to register for the Homebuyer Education Workshop and counseling services provided. A portion of the fee is refundable once you have purchased your home. There is a one time nonrefundable $45 application processing fee to join our Homebuyers Club, which includes a free tri-merged credit report, unlimited counseling sessions and referrals. A fee of $16.35 will be charged to each additional unwed co-borrower or to re-pull credits after six months.

To become a Club Member, you must send a money order with the correct fees payable to Miami-Dade Affordable Housing Foundation, Inc., along with a completed First-Time Homebuyer Pre-Qualification Application. 

Explanation of fees

• One individual homebuyer (borrower). Along with your completed and signed application, you must enclose a $45.00 money order. This amount includes a free tri-merged credit report, unlimited counseling sessions and referrals.
• A married couple buying a home (borrower and co-borrower). Along with your completed and signed application, you must enclose a $45.00 money order. This amount includes a free tri-merged credit report, unlimited counseling sessions and referrals.
• Two individuals buying a home (borrower and co-borrower). Along with your completed and signed application, you must enclose a $61.35 money order, which includes an additional fee of $16.35 for one additional unwed co-borrower. This amount includes a free tri-merged credit report, unlimited counseling sessions and referrals.
• More than two individuals buying a home (borrower and co-borrowers). Along with your completed and signed application, you must enclose a money order that would cover the $45 application fee plus a $16.35 fee that will be charged for each additional unwed co-borrower or to re-pull credits after six months. The $45 agency application processing fee is nonrefundable.