Alabama Housing Finance Authority Down Payment Assistance

Alabama Housing Finance Authority (AHFA)

Available Down Payment

About This Program

AHFA provides down payment and closing cost assistance to first-time homebuyers purchasing in Alabama. Assistance is provided as a second mortgage that is forgiven over 10 years if borrower remains in the home.

Forgivable second mortgage up to $15,000 or 5% of purchase price, forgiven over 10 years

Key Details

  • Up to $15,000 or 5% of purchase price
  • For first-time homebuyers
  • Forgivable second mortgage over 10 years
  • Income limits vary by county
  • Must be used with AHFA first mortgage

How to Apply

Get free help applying Visit Official Program Page Track this program

(334) 244-9200

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Deadline: Ongoing while funds available

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