City of Tuscaloosa First-Time Homebuyers Down Payment Assistance Program

Administered by: City of Tuscaloosa Office of Federal Programs · City · Forgivable Loan

Funding status: Active

How much assistance

Down payment and closing cost assistance (amount varies by applicant) (Forgivable Loan)

Zero-interest deferred forgivable second mortgage loan. Forgiven after 15 years of continuous owner-occupancy as primary residence. If you sell, transfer, lease, rent, abandon, or cease to occupy the property before 15 years, you may be required to repay a portion of the assistance.

Eligibility

  • Income limits: At or below 80% of Area Median Income based on household size
  • First-time buyer required: Yes — Must not have owned a home in the last 3 years.
  • Geographic restrictions: Property must be within Tuscaloosa city limits.
  • Homebuyer education required: Yes

How to Apply for City of Tuscaloosa First-Time Homebuyers Down Payment Assistance Program

Step 1: Contact the City of Tuscaloosa Office of Federal Programs at 205-248-5080 to speak with a housing counselor. The City also offers free HUD-certified housing counseling at housingcounseling@tuscaloosa.com. Complete homebuyer education and work with an approved lender.

Notes

Funded through the HUD HOME Investment Partnerships Program. The City of Tuscaloosa is a participating jurisdiction (PJ) that receives HOME funds directly from HUD. Assistance amount varies based on individual need and available funding.

Cities Where This Program Is Available