Loan Delivery Turn Times
Documents must be received by 5 p.m. CST. All conditions should be uploaded into the loan file on Lender Online . To maintain the lowest possible turn time from submission to purchase, please submit all purchase suspense conditions at one time.
Closed Loans Submitted for Purchase: 2-3 business days
Pended for Purchase Loan Conditions: 2-3 business days
AHFA Celebrates 20 Years of Step Up Homeownership Program
Step Up began on September 8, 2000, and made Alabama the first state to provide this type of financing and down payment assistance to moderate-income homebuyers.
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Realtor Spotlight: Carla Burton, Keller Williams, Gardendale
AHFA shines its latest Realtor Spotlight on Carla Burton with Keller Williams in Gardendale.
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AHFA Increases DPA for Step Up FHA Loans
AHFA has increased the amount of down payment assistance provided on Step Up FHA loans to from 3% to 3.5%. This increase will cover 100% of the down payment needed on FHA loans.
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Lender Spotlight | Jonathan Robert, Prosperity Home Mortgage, Pelham
AHFA's latest lender spotlight shines on Jonathan Robert, a top originator with Prosperity Home Mortgage in Pelham.
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Staying Home to Save Lives Didn't Slow Down These AHFA Lenders
AHFA asked lenders who recently closed loans using our mortgage programs to share how they feel the homebuying process has changed due to and during the COVID-19 pandemic. These are their answers
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AHFA Announces New HFA Preferred Rural Homebuyer Program
To help potential homebuyers in rural areas, AHFA has teamed up with Fannie Mae to offer the HFA Preferred Rural Homebuyer Program. This program will be used in conjunction with the Step Up down payment assistance program and provides a subsidy that helps lower a homebuyer’s monthly mortgage payment and decreases upfront costs.
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