Alabama Housing Finance Authority Down Payment Assistance

Acerca de Este Programa

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

Detalles Clave

• 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

Como Solicitar

Un contratista con experiencia en subvenciones en Auburn, AL puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Ongoing program subject to funding availability