Program Statistics for Alabama

357
Total Programs Available
9
Alabama-Specific Programs
348
National Programs
8
Program Categories

Program Categories in Alabama

FHA Loans (26)
Federal Program (42)
USDA Loans (26)
VA Loans (26)
Conventional Loans (97)
Home Equity (26)
Non-QM (108)
State Program (6)
Alabama
3.5% of loan amount

FHA Loans in Alabama – First-Time Homebuyer Friendly, Low Down Payment Program

FHA loans are among the most popular mortgage options for first-time homebuyers in Alabama. Backed by the federal government, they provide low down payments, flexible credit requirements, and accessibility across urban and rural areas of the state. Whether you're buying a home in Birmingham, Montgomery, Huntsville, or beyond — FHA loans make the dream of homeownership within reach.

National
$15,000

Federal First-Time Homebuyer Programs

Unlock your path to homeownership with federal first-time homebuyer programs. From FHA loans to VA benefits, explore nationwide options designed to help you purchase your first home with lower costs and flexible requirements.

Alabama State Programs

These programs are specifically designed for residents of Alabama and are funded by state government agencies or local organizations.

Alabama
3.5% of loan amount

FHA Loan Programs

FHA loans are government-backed mortgages designed to make homeownership more accessible, especially for first-time buyers with lower credit scores or limited savings.

Alabama
3.5% of loan amount

FHA Loans in Alabama – First-Time Homebuyer Friendly, Low Down Payment Program

FHA loans are among the most popular mortgage options for first-time homebuyers in Alabama. Backed by the federal government, they provide low down payments, flexible credit requirements, and accessibility across urban and rural areas of the state. Whether you're buying a home in Birmingham, Montgomery, Huntsville, or beyond — FHA loans make the dream of homeownership within reach.

Alabama
$250,000

USDA Rural Development Loans (Section 502 Direct Loan Program) Alabama

The USDA Section 502 Direct Loan Program assists low- and very-low-income individuals in Alabama to purchase, build, or renovate homes in eligible rural areas. Offering 100% financing with no down payment, this program makes homeownership more accessible for those who meet specific income and location criteria.

National Programs Available in Alabama

These federal programs are available nationwide, including to residents of Alabama. They include FHA, VA, USDA, and other federal homebuyer assistance programs.

National
3.5% of loan amount

FHA 203(k) Limited (Streamlined) Rehabilitation Loan

The FHA 203(k) Limited (Streamlined) Rehabilitation Loan is a government-backed mortgage product offered through the Federal Housing Administration (FHA). It is designed to support homeownership and community revitalization.

National
3.5% of loan amount

FHA 203(k) Standard Rehabilitation Loan

The FHA 203(k) Standard Rehabilitation Loan is a government-backed mortgage product offered through the Federal Housing Administration (FHA). It is designed to support homeownership and community revitalization.

National
3.5% of loan amount

FHA Energy Efficient Mortgage (EEM)

The FHA Energy Efficient Mortgage (EEM) is a government-backed mortgage product offered through the Federal Housing Administration (FHA). It is designed to support homeownership and community revitalization.

National
$15,000

Federal First-Time Homebuyer Programs

Unlock your path to homeownership with federal first-time homebuyer programs. From FHA loans to VA benefits, explore nationwide options designed to help you purchase your first home with lower costs and flexible requirements.

National
3.5% of loan amount

Standard FHA Loan

The Standard FHA Loan is a government-backed mortgage product offered through the Federal Housing Administration (FHA). It is designed to support homeownership and community revitalization.

National

VA Loan Programs

VA loans help eligible veterans, active-duty service members, and surviving spouses purchase a home with no down payment, no mortgage insurance, and flexible credit terms.

About Homebuyer Programs in Alabama

Alabama offers 357 homebuyer assistance programs designed to help first-time buyers achieve homeownership. These comprehensive programs include down payment assistance grants, closing cost support, reduced interest rate loans, homebuyer education courses, and specialized programs for essential workers including teachers, healthcare professionals, and veterans.

Program Types Available

  • Down payment assistance programs
  • Closing cost grant programs
  • Low-interest rate loan programs
  • First-time homebuyer education
  • Special profession programs

Who Can Apply

  • First-time homebuyers
  • Income-qualified buyers
  • Teachers and educators
  • Healthcare workers
  • Veterans and service members