Alabama Housing Finance Authority Down Payment Assistance

Alabama Housing Finance Authority

Available Down Payment

About This Program

Provides down payment and closing cost assistance up to 4% of loan amount for first-time homebuyers purchasing in Alabama. Assistance is a zero-interest, non-amortizing second mortgage due upon sale, transfer, or refinance.

Assistance calculated as percentage of first mortgage loan amount

Key Details

  • Assistance up to 4% of loan amount
  • Available to first-time homebuyers
  • Income and purchase price limits apply
  • Zero-interest second mortgage, due at sale/refi
  • Must use AHFA-approved lender

How to Apply

A grant-savvy contractor in Auburn, AL can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program subject to funding availability

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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