March 2022

Resource for Struggling Homeowners: Mortgage Assistance Alabama

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AHFA recently launched Mortgage Assistance Alabama (MAA) to help homeowners struggling with mortgage delinquency. The U.S. Department of Treasury allocated $125.6 million to Alabama for mortgage payment assistance under its Homeowner Assistance Fund. We were designated to administer the program, and we named it "Mortgage Assistance Alabama."


Through MAA, qualified homeowners are eligible to receive past due mortgage-related expenses, up to 12 monthly mortgage payments, and other forms of financial assistance. Total assistance per eligible homeowner may not exceed $50,000.


A Weekly Update on MAA’s progress is included on the Resources page of the MAA website. The weekly update shares program highlights, current processing status, payment details, projected coverage, county participation, demographics, and servicer information.


*** Currently, MAA has closed the application portal but it WILL REOPEN soon. We temporarily close the application portal to process completed applications in order to avoid a backlog. This shortens wait time and ensures the prompt handling of applications.***


Homeowners may visit the website to sign up to be notified when the portal reopens. They may also follow MAA's Facebook page to keep up with the latest news at https://www.facebook.com/MortgageAssistanceAL.


For more information, visit www.mortgageassistanceal.com. 

Want To Learn More About Our Programs? We'll Come To You!

We'll come train you on the benefits of our homebuyer programs and how to utilize them. Our Step Up down payment assistance program and Mortgage Credit Certificates help make homebuying more affordable and help more people qualify to buy a home.


Want to know the details? We offer onsite, in-person training for all mortgage professionals! These classes include training on our programs, borrower and property eligibility, processing, documentation, income calculations and more.


Interested in a virtual training instead? We can do that too!


Contact Tony Lee at tlee@ahfa.com for more information or to schedule a training.

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Alabama Housing Finance Authority | www.AHFA.com
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