Step Up with Affordable Income Subsidy Grant (AISG)

Ang Step Up with Affordable Income Subsidy Grant (AISG) ay isang grant para sa mga bibili ng bahay sa 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. Ang pondo ay mula sa AHFA / Freddie Mac HFA Advantage program funds; loans serviced by ServiSolutions.

Ang Step Up with Affordable Income Subsidy Grant (AISG) ay isang grant, kaya hindi ito binabayaran. Kailangang bayaran kapag may None - grant is non-repayable at no lien recorded against the property. Nakatala ang tulong bilang lien sa posisyong No Lien (Grant). Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang Step Up with Affordable Income Subsidy Grant (AISG) sa mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. Tungkol sa credit, sinasabi ng programa: 640 minimum FICO. Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Approved homebuyer education provider required; list available through participating lenders and AHFA. Requirement sa paninirahan: Property must be in Alabama and occupied as primary residence within 60 days of closing. Citizenship o katayuan sa imigrasyon: 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.

Nililimitahan ng Step Up with Affordable Income Subsidy Grant (AISG) ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. 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. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng Step Up with Affordable Income Subsidy Grant (AISG) ang presyo ng pagbili: 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). Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, townhomes, eligible condos, planned-unit developments (per Freddie Mac HFA Advantage guidelines). Kwalipikado ang bagong gawang bahay. Kwalipikado ang mga manufactured home.

Pinaglilingkuran ng Step Up with Affordable Income Subsidy Grant (AISG) ang mga bibili ng bahay sa Statewide, Alabama.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa Step Up with Affordable Income Subsidy Grant (AISG), na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Lender reserves grant funds along with Step Up/First Step rate/funds via AHFA's online lender portal. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.