Housing Headlines

#LendersTakeASelfie 2016

Congratulations to our #LendersTakeASelfie 2016 Winner


More than 1,900 votes were cast in our #LendersTakeASelfie contest, and the winner is Julia McCreight of Auburn Bank, and her customers, Jason and Kaitlin Smith of Opelika!

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New MCC Sales Price Limits Effective May 22


AHFA has revised the sales prices limits for borrowers using a Mortgage Credit Certificate. The maximum home purchase price for a loan with a MCC is $255,573 (borrowers in a target area can buy a home costing as much as $312,361).

Guest Post: Why We Appreciate the High-Touch Help HFAs Can Offer


Mary Ann McGarry, CEO of Guild Mortgage Company, explains why the homeownership options available through housing finance agencies - like AHFA - continue to be smart investments for first-time homebuyers.

As Foreclosure Rates Fall, Housing Market Being Built on More Solid Ground Versus ‘House Of Cards’


The number of completed foreclosures continues to fall nationwide and in Alabama. There has also been a significant drop in foreclosure inventory. As of November 2015, the national foreclosure rate stood at 1.1 percent, which is right in line with November 2007 levels, according to CoreLogic’s December 2015 National Foreclosure Report. These trends, among others, are having a positive effect on the housing market on a national level and in Alabama, where the inventory of foreclosed homes stood at 0.7 percent during December.

Alabama February Home Sales Rose 11 Percent over Same Period in 2015


Alabama home sales totaling 3,577 units during February were an increase of 11 percent from the same month a year ago. Sales for the month continued to trend upward for the state, which bottomed out at 2,376 during February 2010.

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