Alabama Housing Finance Authority Down Payment Assistance

Alabama Housing Finance Authority

Available Down Payment

About This Program

AHFA provides down payment and closing cost assistance to first-time homebuyers. The assistance is a forgivable second mortgage that is forgiven after 10 years of continuous occupancy.

Forgivable loan for down payment and closing costs, forgiven over 10 years

Key Details

  • Up to $5,000 for down payment and closing costs
  • Forgivable second mortgage
  • Forgiven after 10 years of occupancy
  • First-time buyers and income limits apply
  • Must be paired with AHFA first mortgage

How to Apply

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

Deadline: 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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