Step Up with Affordable Income Subsidy Grant (AISG)

Step Up with Affordable Income Subsidy Grant (AISG) es una subvención para compradores de vivienda en Statewide, Alabama. The Affordable Income Subsidy Grant (AISG) is a true closing-cost grant offered by AHFA that layers on top of the Step Up (or First Step) HFA Advantage conventional first mortgage. It provides 1.0% (≤50% AMI) or 0.5% (50.01-80% AMI) of the loan amount as a non-repayable grant. Income limits are set by county at 80% of AMI per Freddie Mac. AISG is the only grant component (no lien, no repayment) in AHFA's homeownership product suite. The Affordable Income Subsidy Grant (AISG) is a closing-cost grant layered on top of an AHFA Step Up (or First Step) HFA Advantage conventional loan and its DPA second mortgage. Borrowers at or below 50% of the Freddie Mac AMI receive a grant of 1.0% of the loan amount. borrowers between 50.01% and 80% AMI receive 0.5% of the loan amount. The grant is true grant funds (no lien recorded, no repayment) and helps cover closing costs. When stacked with Step Up, an eligible borrower receives: (a) a 30-year HFA Advantage conventional first mortgage, (b) up to 4% / $10,000 Step Up DPA second mortgage, and (c) the AISG closing-cost grant. Los fondos provienen de AHFA / Freddie Mac HFA Advantage program funds; loans serviced by ServiSolutions.

Step Up with Affordable Income Subsidy Grant (AISG) está estructurado como una subvención, así que no se devuelve. El reembolso se activa por None - grant is non-repayable y no lien recorded against the property. La ayuda se registra con un gravamen en posición No Lien (Grant). Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Step Up with Affordable Income Subsidy Grant (AISG) está abierto a compradores de vivienda que vivirán en la vivienda como su residencia principal. Sobre el crédito, el programa indica: 640 minimum FICO. Se requiere un curso de educación para compradores de vivienda, a través de Approved homebuyer education provider required; list available through participating lenders and AHFA. Requisito de residencia: Property must be in Alabama and occupied as primary residence within 60 days of closing. Ciudadanía o situación migratoria: U.S. citizen or qualified non-citizen per Freddie Mac HFA Advantage guidelines. AISG is restricted to the Freddie Mac HFA Advantage conventional product (AHFA does not offer the grant on FHA/VA/USDA). Income limits are set by Freddie Mac at 80% Area Median Income by county and updated periodically; verify the property's specific 80% AMI limit using the Freddie Mac Home Possible Eligibility Map (https://sf.freddiemac.com/working-with-us/affordable-lending/home-possible-eligibility-map). The grant amount is paid as a percentage of the first-mortgage loan amount, with 1.0% if borrower is at/below 50% AMI and 0.5% if 50.01-80% AMI. (Note: a third-party site fha.com lists 1.5% for the 50-80% tier, but AHFA's official program page authoritatively states 0.5%.) Standard Step Up (or First Step) program rules also apply (640 FICO, 45% DTI, primary residence, homebuyer education). HUD 2025 4-person AMI for many Alabama counties (~$70K-$90K) closely tracks Freddie Mac 80% AMI used here; the cited 4-person figure of $92,400 reflects the higher Huntsville/Madison or Birmingham-Hoover MSA 80% AMI tier.

Step Up with Affordable Income Subsidy Grant (AISG) limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. AISG income limits are set by Freddie Mac at 80% of county Area Median Income (AMI) and apply by the property's county. For 2025, AHFA-cited 4-person figures for the lowest-income/highest-income Alabama counties span approximately $35,300-$92,400 depending on county. Borrowers must be at or below 80% of the AMI for the property's location to receive any grant: at/below 50% AMI = 1.0% of loan amount grant; 50.01% to 80% AMI = 0.5% of loan amount grant. Use Freddie Mac's Home Possible Eligibility Map to look up the exact 80% AMI dollar limit for the property's census tract. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Step Up with Affordable Income Subsidy Grant (AISG) limita el precio de compra así: If paired with First Step: $544,233 non-target / $665,173 target sales-price limits apply. If paired with Step Up: no AHFA sales-price cap (subject to Freddie Mac HFA Advantage conforming limits). Los tipos de propiedad elegibles incluyen Single-family detached, townhomes, eligible condos, planned-unit developments (per Freddie Mac HFA Advantage guidelines). La construcción nueva es elegible. Las viviendas prefabricadas son elegibles.

Step Up with Affordable Income Subsidy Grant (AISG) atiende a compradores de vivienda que compran en Statewide, Alabama.

Las solicitudes de Step Up with Affordable Income Subsidy Grant (AISG) se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Lender reserves grant funds along with Step Up/First Step rate/funds via AHFA's online lender portal. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.