Miami-Dade County, FL home buyer guide
Today's mortgage rates, FHA loan limits, and first-time buyer programs available in Miami, Hialeah, Miami Beach and across Miami-Dade County.
Miami-Dade County snapshot
Miami-Dade is Florida's most populous county and one of the country's hottest housing markets. Buyers here lean on FHA and Hometown Heroes to overcome high prices, dense condo inventory, and tight HOA underwriting.
Today's example payments
Monthly payment on a $625,000 Miami-Dade County home
Estimates include principal, interest, Florida property tax (~0.98%), and homeowners insurance (~1.25%). PMI/MIP varies. Updated June 14, 2026.
Conventional
Monthly payment
$4,922
- Rate (mid)
- 6.520%
- Down payment
- $31,250 (5.0%)
- Loan amount
- $593,750
5% down · PMI applies
FHA
Monthly payment
$4,834
- Rate (mid)
- 6.145%
- Down payment
- $21,875 (3.5%)
- Loan amount
- $603,125
3.5% down · MIP included
VA
Monthly payment
$4,917
- Rate (mid)
- 6.020%
- Down payment
- $0 (0.0%)
- Loan amount
- $625,000
0% down · no PMI
Hometown Heroes
Monthly payment
$5,018
- Rate (mid)
- 6.270%
- Down payment
- $0 (0.0%)
- Loan amount
- $625,000
Up to $35K assistance
Educational estimates only. Your actual rate and payment depend on credit, debt-to-income, property type, lender pricing, and the exact insurance quote for your home.
Programs available in Miami-Dade County
Every major Florida loan and down payment assistance program is available countywide. These are the ones Miami-Dade buyers use most.
Florida Hometown Heroes
Up to $35,000 in down payment + closing cost assistance for Miami-Dade County teachers, nurses, first responders, and 100+ other essential professions.
Learn moreFHA Loan
3.5% down, flexible credit. Miami-Dade County FHA loan limit is $524,225 for a single-family home.
Learn moreConventional 97%
Just 3% down for qualified first-time buyers in Miami-Dade County. PMI drops off automatically at 20% equity.
Learn moreVA Loan
Zero down and no PMI for eligible veterans, active-duty service members, and surviving spouses buying in Miami-Dade County.
Learn moreFirst-time home buyer guides for Miami-Dade County cities
Tap a city for local rates, payment estimates, and program eligibility.
Nearby Southeast Florida counties
Find your best loan in Miami-Dade County.
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