Alabama Housing Finance Authority

Snapshot - About

Help for Unemployed Homeowners

Eligible homeowners will receive assistance to pay their mortgage payment, up to 12 monthly mortgage payments not to exceed $15,000, per household. Visit   to apply.

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About AHFA

The Alabama Housing Finance Authority (AHFA) was created in 1980 by Act No. 80-585 of the Alabama Legislature.  AHFA is a public corporation and instrumentality of the State of Alabama dedicated to serving the housing needs of low- and moderate-income Alabamians. AHFA creates housing opportunities for low- and moderate-income Alabamians through the affordable financing of single- and multifamily housing.

Our programs have helped more than 122,000 families find homes they could afford.


Homeownership Programs

Through its First Step and Step Up financing programs, AHFA offers affordable interest rates and entry cost assistance on 30-year, fixed-rate mortgage loans to low- and moderate-income homebuyers. Since 1980, AHFA has financed $3.7 billion in home mortgage loans, helping 57,600 Alabama families.

Working together with Habitat for Humanity, AHFA purchases mortgages from Alabama’s 36 Habitat affiliates. AHFA has provided funding of approximately $16 million toward this program, the first of its kind in the nation, purchasing 400 loans since 1992.

Expanding its focus of long-term mortgage solutions, AHFA now services its loans in-house, managing a portfolio of 20,000 outstanding mortgage loans, totaling $1.2 billion. 



ServiSolutions offers residential mortgage servicing for financial institutions. In this capacity, ServiSolutions can service all types of mortgages including FHA, VA, Rural Development, conventional uninsured and conventional insured loans. In addition, ServiSolutions services second mortgages--full amortizing as well as deferred.

ServiSolutions has been approved as a FHA, VA, Rural Development, Fannie Mae and Ginnie Mae servicer. 


Rental Programs

AHFA’s multifamily programs help developers buy land or buildings and build or repair housing creating affordable, rental property for Alabama’s low-income families. These financial incentives encourage developers to increase the supply of rental housing for economically disadvantaged families.

Combined, AHFA’s rental financing programs have allocated $1.4 billion in HOME funds, Housing Credits and/or Multifamily Bonds to create more than 63,000 units of affordable housing for the residents of our state.