Alabama Housing Finance Authority Step Up Program

Alabama Housing Finance Authority (AHFA)

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in Gadsden and throughout Alabama. Provides a forgivable second mortgage loan that requires no monthly payment and is forgiven after 10 years of occupancy.

Forgivable loan for down payment assistance, no repayment if home occupied for 10 years

Key Details

  • Up to $7,500 forgivable loan for down payment
  • First-time homebuyer requirement
  • Income limits apply (typically up to 115% AMI)
  • Forgiven after 10 years of occupancy
  • Must complete homebuyer education course

How to Apply

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

Deadline: Ongoing while funds available

Need a Contractor for This Grant?

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

Find More Programs in Gadsden, AL

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