Alabama Housing Finance Authority Step Up Down Payment  Assistance Program


Step Up is a down payment assistance program for moderate-income home buyers who  earn less than $97,300 and need help with the down payment. 

The down payment funds are from a 10-year second mortgage and are combined with a 30-year, fixed-rate first mortgage. There is only one check to write each month. Program participants must complete a home buyer education course to qualify.

  • You must buy a new or existing home. Refinancing an existing mortgage does not qualify
  • You must buy a home in Alabama and occupy it, as your primary residence, within 60 days of closing
  • Your annual household income cannot exceed $97,300
  • You must be a legal resident of the United States
  • You must apply for an FHA or conventional loan through a participating lender
  • Your credit score must be 620 or higher
  • You must complete a homeownership education course
Alabama Housing Finance Authority Step Up Down Payment  Assistance Program

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