Alabama Mortgage Program
Down Payment Assistance
Boosting Opportunities for Home Ownership
Are you an Alabama resident hoping to buy a home? The down payment can be a challenge for some potential buyers. This program offers down payment assistance for Alabama residents seeking a FHA, VA, or Conventional mortgage on a single family home, townhouse, or Freddie Mac/FHA approved Condominium.
- Minimum Credit Score 640
- Available to AL residents that meet income requirements
- Up to $10,000 towards your down payment
- Additional grant available on Conventional loan for income qualified borrowers
- Reduced PMI on Conventional loan for income qualified borrowers
- Homebuyer Education course required
Buying your first home can be stressful, but our Tyndall Mortgage Team will be right there through the entire process to ease the stress.Read Full Article about First Time Home Buyer Guide
Buying a house for the first-time? Do you know what escrow is? Would you like to find out the do's and don'ts when buying a home? Let us show you the process.Read Full Article about Mortgages: Escrow in the Know
Have a question about the Alabama Mortgage Program?
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To qualify for the Alabama Housing Mortgage program, Tyndall members must live or intend to live in Alabama. Must be the primary residence. Other eligibility requirements apply to the Alabama Housing Mortgage program. $1,000 off closing costs promo does not apply to the Alabama Housing Mortgage program. A homeowner education course is required. Other restrictions apply. Additional documentation is required. All loans are subject to credit review and approval. Underwriting terms and conditions apply. Documentation of employment or any applicable certification may be required. Offer subject to change without notice. Membership required; NO membership fee applies. Tyndall NMLS #597599.