Down Payment Assistance Programs for Alabama Homebuyers
Posted by Rozi Dover on
For many buyers, the biggest challenge to purchasing a home isn’t the monthly mortgage—it’s saving for the down payment. The good news? If you’re buying in Auburn, Opelika, or anywhere in Alabama, there are programs designed to help.
Alabama Housing Finance Authority (AHFA) Programs
The AHFA offers several resources for homebuyers, including:
- Step Up Program: Provides down payment assistance combined with a 30-year fixed-rate mortgage. Great for moderate-income buyers who need a little extra help.
- Mortgage Credit Certificate (MCC): Offers a tax credit that reduces the amount of federal income tax you owe, freeing up more money to put toward your mortgage.
Local Grants and Assistance
Some cities and counties in Alabama may offer …
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