Overview
The PFA Grant may help eligible FHA buyers cover part of the required down payment through a forgivable grant funded by the Public Finance Authority and administered through a participating lender.
This is not an automatic approval or commitment to lend. Program availability, rates, assistance amount, eligible states, lender participation, and costs can change. A qualified lender must compare this option against other available assistance or gift-fund options.
Benefits
May offer 2% or 3.5% of the purchase price toward down payment assistance when the buyer, property, loan, and lender all meet current program guidelines.
Eligible counties: Miami-Dade, Broward, Palm Beach, Florida
Designed for: First-Time Homebuyer, Other
Eligibility
Use a participating lender or program administrator
Use eligible FHA financing
Meet credit, income, occupancy, and underwriting requirements
Complete required homebuyer education or counseling when required
Understand that using the grant may come with a higher interest rate or higher monthly payment than financing without assistance
Required Documents
Photo ID
Income documents
Bank statements
Mortgage pre-approval
Purchase contract
Homebuyer education or counseling certificate when required
Program grant disclosures
Frequently Asked Questions
Who determines eligibility? Eligibility is determined by the official program administrator or participating lender.
Does Yanelis guarantee approval? No. Yanelis De La Torre can help explain options, but cannot guarantee eligibility or approval.