AHFA Step Up

AHFA's Step Up program helps moderate-income Alabama homebuyers with down payment assistance by pairing a 10-year second mortgage with a 30-year fixed-rate first mortgage, serviced by ServiSolutions for a single monthly payment. It provides down payment assistance equal to 4% of the sales price, up to $10,000, for new or existing homes in Alabama, with eligibility limited to income up to $172,800 and approved loan types (HFA Advantage conventional, FHA, VA, or USDA). Applicants must have a minimum 640 credit score, a debt-to-income ratio of 45% or less, complete a homeownership education course, and apply through a participating lender.

AI named AHFA Step Up from August 2026 to September 2026.