The aim of this study was to explore within-group patterns of variability in the home literacy environments (HLEs) of low-income Latino families using latent profile analysis. Participants were (N = 193) families of Latino preschoolers enrolled in a larger study. In the fall of 2012, mothers filled out a family literacy practices inventory, a literacy beliefs inventory, and a socio-demographic questionnaire. Results revealed three psychometrically distinct HLE profiles. Profile 1 (37%), labelled Low Beliefs, Low Practices (LBLP), was characterized by very low incomes, low caregiver education, reading infrequently to children, primarily speaking Spanish and reported lowest literacy beliefs and practices. Profile 2 (16%), labelled Moderate Beliefs, Moderate Practices (MBMP), was also low income, had few books in the home, read in both English and Spanish to their children, and held moderately facilitative literacy beliefs and practices. Profile 3 (47%), labelled High Beliefs, High Practices (HBHP), reported the highest literacy beliefs and practices, highest percentage English-speaking, read more often to children, and had more books in the home. These findings highlight considerable variability in terms of literacy beliefs and practices among Latino families. The profiles have practical relevance in terms of children's readiness at school entry and working with their families.