AHFA Affordable Income Subsidy Grant
Funding status: Active
How much assistance
0.50% to 1% of total loan amount (Grant)
No repayment required.
Eligibility
- Income limits: Lower-income borrowers using HFA Advantage conventional loans
- First-time buyer required: No
- Geographic restrictions: Statewide in Alabama.
- Homebuyer education required: No
How to Apply for AHFA Affordable Income Subsidy Grant
Step 1: Automatically applied when qualifying for an HFA Advantage conventional loan through an AHFA-approved lender.
Notes
Only available with HFA Advantage conventional loans. Provides closing cost assistance for lower-income borrowers.