This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence. Own Your Dream Home in Miami-Dade or Broward County!You can use several strategies to purchase a rental property in Florida with no money down, such as using seller financing or assuming the seller's mortgage. We're the residential Miami property management experts – here to make owning rental property easy and profitable for Miami landlords. Compare the Top Down Payment Assistance Programs and First Time Home Buyer Special Mortgage Financing Available in Florida. Purchased property as down payment at the time of closing. Assisted properties cannot be used as rental properties. Are a resident of Miami-Dade County and are purchasing your first home. It should be stated in the rental agreement if money paid in advance is nonrefundable. Residents can get a zerointerest deferred loan to use for down payment and closing costs on a home.