Alabama · Subsidized loan

AHFA Affordable Mortgage

Below-market rate + DPA eligible

30-year fixed rate with competitive interest. Pairs with Step Up DPA for additional assistance.

AHFA's Affordable Mortgage offers below-market rates with built-in DPA for qualifying Alabama buyers. The combined rate reduction and DPA create one of the most affordable purchase packages in the Southeast.

AmountBelow-market rate + DPA eligible

TypeSubsidized loan

Available inAlabama

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Alabama median home prices are among the lowest in the US — DPA goes further here.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

AHFA Step Up DPA $10,000

Alabama · DPA program

All Alabama programs →

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