First Step

First Step è un contributo a fondo perduto per chi compra casa in Statewide, Alabama. First Step is AHFA's flagship Mortgage Revenue Bond program, providing a below-market 30-year fixed-rate first mortgage paired with up to $10,000 / 4% down payment assistance as a 10-year second mortgage. Available statewide for first-time buyers (or repeat buyers in IRS-designated target areas). Borrowers must meet HUD-set income limits and IRS-set sales price limits. Nearly 50,000 Alabama households have benefited from the program since 1980. First Step pairs a below-market 30-year fixed-rate first mortgage (FHA, VA, USDA, or Freddie Mac HFA Advantage conventional) funded with tax-exempt mortgage revenue bonds with a down payment assistance second mortgage of up to $10,000 or 4% of the sales price, whichever is lower. The DPA is structured as a 10-year amortizing second mortgage combined with the 30-year first mortgage. Loans are serviced by ServiSolutions (a division of AHFA) so homeowners write only one check per month. Borrowers using the HFA Advantage conventional product may also qualify for the Affordable Income Subsidy Grant for additional closing-cost assistance. I fondi provengono da Tax-exempt Mortgage Revenue Bonds issued by AHFA; loans serviced by ServiSolutions (an AHFA division).

First Step offre un aiuto pari al 4% del prezzo di acquisto, come stabilito dal programma. Contributo di chi compra casa: No minimum borrower contribution stated by AHFA; loan-product overlays (FHA/VA/USDA/Freddie HFA Advantage) apply. Il programma può essere combinato con altri aiuti, nel rispetto delle regole di ciascuno. Gli importi sono i massimi pubblicati dal programma, non un'offerta: è l'ente che gestisce il programma a stabilire l'eventuale importo per ciascuna persona.

First Step è un contributo a fondo perduto, quindi non va restituito. Il rimborso scatta in caso di 10-year amortizing second mortgage with monthly payments combined with the first mortgage e balance becomes due upon sale, refinance, or transfer of the property if not yet repaid. L'aiuto è iscritto in posizione 2nd Lien. Le condizioni di condono e di rimborso sono fissate dal programma e possono cambiare: verificale sulla pagina ufficiale del programma prima di fare domanda.

First Step è aperto a chi compra la prima casa e chi compra casa e ci vivrà come residenza principale. Qui "prima casa" prevede delle eccezioni: Repeat homebuyers are eligible if the property is in an IRS-designated target area; otherwise borrower must not have had an ownership interest in a principal residence in the previous 3 years. Sul credito, il programma afferma: 640 minimum FICO for all loan products (FHA, VA, USDA, and HFA Advantage conventional). È richiesto un corso per chi compra casa, tramite Approved homebuyer education provider required (online or in-person); list available through participating lenders and AHFA. Requisito di residenza: Property must be in Alabama and occupied as primary residence within 60 days of closing. Cittadinanza o status migratorio: U.S. citizen or qualified non-citizen per agency loan-product guidelines. First-time homebuyer required in non-target areas (no homeownership in the previous 3 years); first-time-homebuyer requirement is waived in IRS-designated target areas. Borrowers must occupy as primary residence within 60 days of closing. Property may not be used for business, commercial, or rental purposes. Federal recapture tax may apply to the bond-funded first mortgage if the home is sold within 9 years and the borrower's income has increased significantly. AHFA's First Step income limits are tied to HUD area median family income (AMFI) but are set by IRS bond rules at HUD AMFI for non-target Family 1-2 (e.g., All Other Counties = $86,400) and 115% of AMFI for non-target Family 3+ ($99,360); target-area limits are 120%/140% of AMFI. The 4-person figure of $120,960 (target, All Other Counties) is meaningfully higher than HUD 2025 4-person AMI for many rural Alabama counties (~$70K-$80K), reflecting the bond-program 120% adjustment.

First Step limita il reddito familiare a $120,960. Il limite si applica al reddito totale del nucleo familiare, non solo a quello del richiedente del mutuo. I dati sul reddito mediano dell'area sono pubblicati da HUD e aggiornati ogni anno, quindi controlla la tabella attuale della contea prima di basarti su una cifra.

First Step fissa un prezzo di acquisto massimo di $665,173. I tipi di immobile idonei includono Single-family detached, townhomes, condos (must meet agency approval), 2-4 unit per IRS bond rules limited (typically 1-unit owner-occupied), manufactured housing per agency guidelines. Le nuove costruzioni sono idonee. Le case prefabbricate sono idonee.

First Step si rivolge a chi compra casa in Statewide, Alabama. Il programma si rivolge a zone specifiche: IRS-designated qualified census tracts and areas of chronic economic distress in Alabama. In target areas, first-time-homebuyer requirement is waived and higher income/sales price limits apply. Use AHFA's Target Area Status Map to verify a property's status: https://www.ahfa.com/programs/homeownership/available-programs/first-step-mortgage-revenue-bonds/targetnon-target-maps.

Le domande per First Step passano da l'ente che gestisce il programma, che pubblica sul proprio sito le condizioni attuali e i passaggi per fare domanda. I fondi vengono prenotati tramite Lender reserves rate/funds via AHFA's online lender portal (AllRegs/lender system) on a first-come, first-served basis. Hey Prescott non è un istituto di credito e non accetta domande; questa pagina descrive il programma perché chi compra casa possa parlarne con un istituto di credito o un consulente abitativo.