Alabama Housing Finance Authority

Home Town Mortgage Services, Inc. is proud to be an Alabama Housing Finance Authority lender. The Alabama Housing Finance Authority ( AHFA ) was created in 1980, and had a proud history of helping Alabama families and Alabama First Time Home Buyers realize their dreams of home ownership here in Alabama. AHFA has been dedicated to servicing the housing needs of low and moderate income families through several different low down payment housing programs and housing tax credits.
Alabama Housing Finance Authority was created by the Alabama Legislature. Since 1980, AHFA has helped over 57,600 Alabama families. AHFA has also financed over $3.7 billion in Alabama Home Loans, allowing families to purchase new homes in Mobile, Alabama all the way up to First Time home buyers in Huntsville, Alabama.
There have been several different programs available to Alabamians who wish to purchase a home. Here is a brief description to several of them. If you have any questions you can always contact our office directly.

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Step Up Program

Step Up is a home-ownership program designed specifically for moderate-income home buyers who can afford a mortgage, but need help with the FHA down Payment. AHFA offers down payment assistance with no sales price limits and higher income limits than the First Step program. This makes the Step Up Program a very attractive program for people in the Alabama Real-Estate Market for a new home.
The down payment funds are secured by a 10-year second mortgage and are combined with a 30-year, fixed-rate first mortgage. Since the loans are serviced by AHFA, homeowners have only one check to write each month. So if this sounds like it would fit your home loan needs then click here for more information.

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MCC Program

MCCs provide a direct dollar-for-dollar reduction in federal taxes worth 20 percent of the mortgage interest paid each year. The remaining 80 percent of the interest still can be claimed as a tax deduction.
Creating a good benefit for Alabama homebuyers and the Alabama real-estate market. Click Here For More Info.

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Dream home Search By Google Map

View and print detailed property information and fliers. You may save your searches & favorite homes so you can refer back to them. Also, inquire about a private showing, map individual property locations, & share your favorite home with friends. Plus you can search by Zip Code, Address, School District, Bank foreclosures, Short Sales, Subdivision, Radius, MLS Number, Google Mapping, & City.

Click Here to Begin Your Search

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Thinking about buying a new home? The USDA 100% “NO DOWN PAYMENT” home loan, might be your answer. With the no down payment option plus add the fact that a USDA home loan requires no monthly mortgage insurance, makes USDA home loans a get answer. Imagine being able to increase your buying power by $10,000
with out increasing your mortgage payment.

Click Here For More Info

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