Step Up Program

The Step Up Program, offered by the Alabama Housing Finance Authority (AHFA), provides a loan of as much as 3% of the purchase price of a home to eligible applicants to help cover the costs of the down payment, closing costs, and prepaid items. The loan is a second mortgage with a 10-year term and is combined with a 30-year fixed rate mortgage.

Interested borrowers must have a minimum credit score of 620, an annual household income of less than $97,300, and must finish a homebuyer education class. In order to be eligible, the home being purchased must be in Alabama and the borrower must use the house as their primary residence no more than 60 days after closing.

Other programs in Alabama:

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