Alabama Housing Finance Authority (AHFA) mortgage programs provide lenders innovative financial solutions for potential low- to moderate-income homebuyers. The program offers low interest rates and down payment assistance as well as a MCC program giving homebuyers another savings option. Qualifying criteria is flexible given AHFA’s generous income and sales price limits
Program Features
Available for new or existing properties purchased in Alabama
Maximum down payment assistance is the lesser of $10,000 or 4% of the sales price*
100% financing options
Minimum credit score of 640 required
Income limitations apply
*Down payment assistance secured by a 10 year second mortgage and combined with a 30 year fixed rate first mortgage. Eligible borrowers must complete a home-buyer education course. All loans are subject to credit review and approval. This is not a commitment to lend.
