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The MHA Home Ownership Program program provides first-time homebuyers safe and affordable opportunities to purchase their first home.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

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FHA.com is a privately owned website, is not a government agency, and does not make loans.

Montgomery Housing Authority Home Ownership Program

In an effort to help the Housing Choice Voucher (HCV) participants invest in wealth building through homeownership, the Montgomery Housing Authority introduced the Home Ownership Program, to assist them in buying their first home.

Available Assistance
The program provides safe and affordable opportunities to purchase their first home, but they must meet certain requirements

Eligibility Requirements
All applicants must be current MHA HCV Program participants and first-time homebuyers. First-time homebuyers are classified as people who have not owned a home in the previous three years. They must be employed on a full-time basis (not less than an average of 30 hours per week) for at least one year and the annual income of at least one household member must be equal to or greater than $14,500. The head of Household, elderly/disabled income must be equal to the minimum Federal Social Security or Supplemental Security Income of $9,000, annually. All Home Ownership Program applicants are also required to complete a HUD-approved, first-time homebuyer’s education course. It is also mandated that applicants cannot break their current lease to enroll in the program.

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 Home Buyer Programs in Alabama

The MHA Home Ownership Program program provides first-time homebuyers safe and affordable opportunities to purchase their first home.

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.

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.

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 homebuyers are offered assistance in buying a new home with the THA Homeownership Program.

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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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