Step Up DPA Can Now Be Used for VA Closing Costs

AHFA has received confirmation that VA first mortgages are permitted to exceed 100% LTV/CLTV when combined with our Step Up down payment assistance. AHFA is a state housing finance authority; therefore our programs are considered eligible homebuyer assistance programs, allowing for the approval of CLTV exceeding 100%. 

When combined with a VA first mortgage, our Step Up DPA can pay the veteran's closing costs up to 4% of the sales price -- up to a maximum of $10,000.

Click here to view the Lender Notice detailing these changes.

Have You Been Dunk'd? Doughnut Deliveries Continue

AHFA staffers have been dropping by with doughnuts to express appreciation for lenders using our programs to make buying a home more affordable for Alabamians.