Alabama Housing Finance Authority Step Up Program

Alabama Housing Finance Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Alabama. Provides up to $7,500 in assistance as a forgivable second mortgage when paired with an AHFA first mortgage. Loan is forgiven after 10 years of occupancy.

Forgivable loan for down payment and closing costs, no repayment after 10 years

Key Details

  • Up to $7,500 down payment and closing cost assistance
  • Forgivable second mortgage, forgiven after 10 years
  • Must be first-time homebuyer (3-year lookback)
  • Income up to 115% AMI eligible
  • Must obtain AHFA first mortgage loan

How to Apply

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

Deadline: Available until program funds depleted

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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