Alabama Housing Grants Resources

Home ownership and applying for Alabama housing grants is a very structured process.

It all starts with the U.S. Department Of Housing And Urban Development. From there, you will be able to obtain counseling about housing and predatory lending. As a home buyer, this will prevent you from falling victim of unfair practices in every aspect of home buying. And for those who are intimidated by the complexities involved in home ownership, these counselings will clarify whatever doubts you might have. You can then proceed with the plan of owning a home at peace with the thought that you will be able to meet the demands it entails.

Alabama Housing Grants at the HUD

This local agency is part of the U.S. Department Of Housing And Urban Development. Its chief mission is to furnish housing projects to every part of society. Families belonging to the low and middle income groups, who cannot afford the loans extended by the private banking institutions or simply just cannot afford the interest rates applied on the monthly payments of the loan, can now avail themselves of owning a home they can afford.

The Alabama Housing and Urban Development is offering these affordable housing facilities at a very low interest rates. The localities covered in this project are Auburn, Birmingham, Fairfield, Huntsville, Jefferson County, Mobile City, and Shelby County. The government’s vision of eliminating discrimination based of color, creed, and race is clearly manifested in this project.

950 22nd St North,
Suite 900
Birmingham, AL 35203

Alabama Housing Finance Authority

This agency is also under the auspices of the U.S. Department of Housing and Urban Development. Its chief mission is to provide financing to the Alabama housing grants requirements of its low and middle income residents. Depending upon the financial capability of the borrower, the financing can be availed in either the First Step Program or the Step Up Program.

The First Step Program is offering a below market interest rates to first time and low to middle income home buyers with a 30-year conventional, FHA, Rural Development, or VA mortgages. Since down payments are the greatest obstacles to owning a home, the Alabama Housing Finance Authority also offers assistance on entry cost in association with this program.

The Step Up Program is specifically intended for moderately income home buyers who can pay the mortgage but are having problems with the down payment. The agency can provide up to 100% financing on a 30-year fixed rate mortgages. Also, the program can offer a high income limit without sales price limits.

In order to qualify to either program, it is required that the participants must finish a home buyer education course.

P.O. Box 242967
Montgomery, AL 36124

Phone: (334) 244-9200
Toll-free: (800) 325-2432
Fax: (334) 244-9214

United States Department of Agriculture Rural Development – Alabama

The United States Department of Agriculture Rural Development in Alabama provides grants and loans for affordable housing to local residents in rural areas. These loans are specifically intended for lower and middle income groups at a very low rate of interest. The loan amount to be given is dependent upon the borrower’s monthly income and expenses. The Alabama housing grants area offices are scattered throughout the region. The state office, on the other hand, can be reached at the following address:

Suite 601, Sterling Centre
4121 Carmichael Road
Montgomery, AL 36106

Phone: (334) 279-3400
Fax: (334) 279-3403
TDD/TTY: (334) 279-3495