The days of putting almost nothing down for a Miami condo have returned.

The developers behind Midtown Miami on Tuesday announced a program allowing buyers to qualify for 97-percent financing at the high-rise condo complex, where the units start at $276,000. At that price, a buyer could obtain a mortgage with a down payment of $8,300.

The new financing program is designed to boost sales at the complex’s 33-story 4 Midtown tower, which is already built but undergoing renovations.

During the housing bust, no-money-down mortgages became the bane of banks and developers because it was easier for buyers to walk away from loans as values collapsed. And buyers would have trouble getting a 3-percent down payment approved through traditional financing routes at 4 Midtown, given the high proportion of renters in the tower and the damage done to values during the real estate crash, said George Fraguio, who works in the finance office of broker Fortune International.

But with values on the rise, 4 Midtown was able to secure approval for the low-down-payment loans through a program aimed at emerging neighborhoods. “It’s good collateral,’’ Fraguio said of 4 Midtown units.

DOUGLAS HANKS