Buyer notes
First-time buyers, artists and investors buy for value near the bay and the Design District. House-hackers and flippers are active in the older stock.
Financing in 33150
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
FAQ
What is the 33150 area like?
This zip covers Little Haiti and parts of the upper east side: 1920s-1950s bungalows, duplexes and apartment buildings near Biscayne Boulevard. It is one of the last relatively affordable districts east of I-95 in central Miami.
Who buys in 33150?
First-time buyers, artists and investors buy for value near the bay and the Design District. House-hackers and flippers are active in the older stock.