First Time Home Buyer

Get Matched With Alabama Home Buying Programs.

Alabama first time home buyer programs.

Information by or on this Site is provided for informational purposes only.
Freedmont Mortgage Group is a Division of radius financial group inc. and is not licensed in Alabama.

Florida first time home buyer programs. Locate FL home buying programs, grants, USDA, FHA and VA home loan assistance. Firsttimehomebuyer.com provides lists of local Florida home buying resources. There is also information about Federal 100% home buyer financing and grants for qualified purchasers.
USDA Home Loan
The Alabama USDA home loan program is available in multiple areas within Alabama. This program may finance 100% of the home's purchase price.
VA (Veterans) Home Loan
To eligible Veterans, active military members and eligible family members the Alabama VA home Loan program may allow for 100% financing of the home purchase.
HUD FHA home loan
HUD (U.S. Department of Housing and Urban Development) offers Alabama FHA home loans and home buying assistance. The FHA home loan program is a popular Alabama first time home buyer program used in conjunction with home assistance buying programs.
CDBG home buying grant programs

CDBG (Community Development Block Grant) is a Federal program that grants money to states and localities to provide for community development needs. In many locations across the Country CDBG grant money is offered as an assistance program for home buying down payment and closing costs.  In Alabama, the Alabama  CDBG  is offered but availability of CDBG grants for home buyer assistance may depend on locality, check to verify. Local program links: Birmingham , Auburn , Montgomery , Huntsville

Many locations within Alabama are rural and may qualify for 100% financing under the USDA rural housing program. In addition, metro areas offer assistance and grant programs. Verify your location and see if there are available assistance programs when buying a new home. 

Local Alabama home buyer incentives, grants and buying programs.

Alabama first time home buyer tax credit

The Mortgage Credit Certificate (MCC) tax credit is available in Alabama. Learn more about the credit and how to qualify for the credit.

Mortgage credit rates are based on the loan amount: 

20% MCC for loans of $150,001 or greater: no cap

30% MCC for loans of $100,001 to 150,000: $2,000/year cap

50% MCC for loans of $100,000 or less: $2,000/year cap 

Please consult with a tax advisor.