Your Homestead Mortgage Lender — Home Loans, Refinancing & Pre-Approvals

Down Payment Assistance Programs in Homestead, FL — Home Loans & Pre-Approvals

Nick Lazarevic (NMLS #386391) with 1st Capital Group serves Homestead and southern Miami-Dade County with conventional, FHA, VA, and specialty loan programs. Homestead offers some of the most affordable housing in Miami-Dade County, making it a popular choice for first-time buyers and families. Get pre-approved in as little as 24 hours.

Down Payment Assistance Programs in Homestead

Homestead buyers have access to statewide DPA programs plus Miami-Dade County local assistance that can be combined for $45,000+ in total help toward your down payment and closing costs.

Statewide Programs Available to Homestead Buyers

Hometown Heroes: Up to $35,000 — 0% interest deferred loan, no monthly payments. For teachers, nurses, first responders, military, and 50+ eligible professions.
FL Assist: Up to $10,000 — 0% interest deferred second mortgage, no monthly payments.
FL HLP: Up to $10,000 — 3% interest, 15-year repayment.
Salute Our Soldiers: Up to $35,000 — for veterans and active military. Veterans don’t need to be first-time buyers.

Miami-Dade County Local Programs

Miami-Dade County receives SHIP funding from the state and may offer additional local DPA programs. Program amounts and availability change throughout the year. I track which programs are currently funded and accepting applications in Homestead and the surrounding area.

Homestead DPA Stacking Example

Hometown Heroes: $35,000 (state)
FL Assist: $10,000 (state)
Miami-Dade County SHIP/local programs: varies
Total potential: $45,000+ depending on local availability

I specialize in finding and stacking every DPA program you qualify for. Contact me for a personalized breakdown based on your income, occupation, and where you’re buying in Homestead.

2026 Conforming Loan Limit

The conforming loan limit for Miami-Dade County in 2026 is $832,750. Homestead’s affordable market means most purchases fall well within this limit.

Frequently Asked Questions

What down payment assistance is available in Homestead?

Homestead buyers can access statewide programs like Hometown Heroes (up to $35,000) and FL Assist ($10,000), plus Miami-Dade HFA programs. These can often be stacked for maximum assistance.

Does Homestead qualify for USDA loans?

Some areas near Homestead may qualify for USDA financing. Contact us to check a specific property address.

Serving Southern Miami-Dade

Nick serves homebuyers throughout southern Miami-Dade, including Homestead, Florida City, and surrounding communities. Licensed statewide.

Call: 954-300-1287 | Email: [email protected] | Contact Us for More Help

Homestead’s Housing Market

Homestead sits at the southern end of Miami-Dade County, offering significantly lower home prices than the Miami core while remaining within commuting distance via the Florida Turnpike and US-1. New construction communities continue to expand, attracting first-time buyers who are priced out of central Miami-Dade. The proximity to Homestead Air Reserve Base supports VA loan demand, and the area’s agricultural heritage means some adjacent areas may qualify for USDA financing. FHA loans with down payment assistance are extremely popular here.

Available Loan Programs

FHA Loans — The most popular option in Homestead, offering low down payment with flexible credit requirements
Conventional Loans — Competitive rates for buyers with established credit
VA Loans — Zero down payment for eligible veterans, supported by Homestead Air Reserve Base
USDA Loans — Zero down payment in eligible areas near Homestead
DSCR / Investor Loans — Qualify based on rental income for investment properties