Log In  |  Contact Us  |  Help
Alabama Housing Loans


 

Alabama Housing Finance Authority

Alabama Housing Finance Authority
7460 Halycon Pointe Drive
Suite 200
Montgomery, AL 36117
Phone: (334) 244-9200
Toll free: (800) 325-AHFA
TTY: (334) 271-6785

HOMEOWNERSHIP PROGRAMS

AHFA offers a variety of programs designed for Alabamians with modest incomes who want to buy their first home or repair their current home.

FIRST STEP

The cornerstone of our homeownership programs, this tax-exempt Mortgage Revenue Bond (MRB) program offers lower-than-market mortgage interest rates to first-time and lower-income home buyers. Details...

To further increase the MRB program's appeal, AHFA has added several options for participating home buyers who need extra help with a down payment, who live in rural areas without access to many mortgage lenders, or who have disabilities or family members with disabilities. Select any link below to learn more about these special offerings which complement the bond program.

Down Payment Assistance
 

STEP UP

Premiering in the fall of 2000, the Step Up program is Alabama's first down payment assistance program designed specifically for moderate-income home buyers: those whose incomes can sustain a market-rate mortgage but whose savings fall short of the amount needed for entry costs like a down payment, closing costs and prepaid items. Details...

MORTGAGE CREDIT CERTIFICATES

AHFA's Mortgage Credit Certificate program provides low- to moderate-income home buyers with the opportunity to buy a home by keeping more money in their pockets each month. MCCs reduce home buyers' federal tax liability, increasing the amount of disposable income available to purchase a home. Details...

AMERICAN DREAM DOWNPAYMENT INITIATIVE

AHFA offers $10,000 in interest-free mortgage funds to reduce out-of-pocket expenses for first-time home buyers with lower incomes. Details...

 

 

ANCHOR MORTGAGE SERVICES, INC.
4260 Carmichael Court North, Montgomery, AL  36106
Office:  (334) 277-0900
Toll Free:  (800) 745-9006
Fax:  (334) 244-6292
Info@anchormort.com
Copyright © 2017 Anchor Mortgage Services, Inc.
Privacy Policy  | Security Statement  |  Site Map