AHFA Step Up Program

Administered by: Alabama Housing Finance Authority (AHFA) · State · Deferred Loan

Funding status: Active

How much assistance

Up to $10,000 or 4% of purchase price, whichever is less (Deferred Loan)

Structured as a 10-year second mortgage.

Eligibility

Income limits: Household income at or below $159,200
First-time buyer required: No
Credit score minimum: 640
Geographic restrictions: Statewide in Alabama.
Homebuyer education required: Yes

How to Apply for AHFA Step Up Program

Step 1: Contact an AHFA-approved lender to apply. Complete required homebuyer education course. The lender will process your application and determine eligibility.

Visit program website

Notes

Works with FHA, VA, USDA, and HFA Advantage conventional loans. Maximum DTI ratio of 45%.

Available Statewide In

Alabama