City of Huntsville Homeownership Programs
Available Assistance
The Single Family HOME Ownership Program provides eligible applicants with newly built 3 Bedroom/2 Bathhouses in the Terry Heights and Edmonton Heights Neighborhoods. All applicants must be first-time homebuyers and meet certain income qualifications (shown below)
The Down Payment Assistance Program provides qualifying first-time homebuyers up to $7,500 to help them offset the large, upfront costs that go with the mortgage process: down payments and closing costs. The funds are disbursed based on individual needs and all applicants must meet certain eligibility requirements and commit to living primarily in the property for a minimum of five years.
Income Limits
All applicants must fall within 80% of the Area Median Income
1-person household: $47,550
2-person household: $54,350
3-person household: $61,150
4-person household: $67,900
5-person household: $73,350
6-person household: $78,800
7-person household: $84,200
8-person household: $89,650
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Alabama
City of Opelika First Time Home Buyer Loan Program
In an effort to assist first-time homebuyers to take on the challenge of homeownership successfully, the City introduced the First Time Home Buyer Loan Program.
Neighborhood Housing Services
Alabama's Neighborhood Housing Services offers first-time homebuyers educational courses to help answer the questions that come with buying a home. The classes are offered online and at the office in Birmingham, for low- to moderate-income borrowers.
Montgomery Housing Authority Home Ownership Program
The MHA Home Ownership Program program provides first-time homebuyers safe and affordable opportunities to purchase their first home.
Tuscaloosa Housing Authority Homeownership Program
First-time homebuyers are offered assistance in buying a new home with the THA Homeownership Program.
City of Huntsville Homeownership Programs
Alabama's Community Development Department of the City of Huntsville offers first-time homebuyers two programs to help make their dreams of homeownership a reality, the Single Family HOME Ownership Program and the Down Payment Assistance Program
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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