Alabama Housing

Alabama Housing Finance Authority (AHFA) mortgage programs provide lenders innovative financial solutions for potential low- to moderate-income homebuyers. The program offers low interest rates and down payment assistance as well as a MCC program giving homebuyers another savings option. Qualifying criteria is flexible given AHFA’s generous income and sales price limits

Program Features
  • Available for new or existing properties purchased in Alabama
  • Maximum down payment assistance is the lesser of $10,000 or 4% of the sales price*
  • 100% financing options
  • Minimum credit score of 640 required
  • Income limitations apply
*Down payment assistance secured by a 10 year second mortgage and combined with a 30 year fixed rate first mortgage. Eligible borrowers must complete a home-buyer education course. All loans are subject to credit review and approval. This is not a commitment to lend.