Check Your Eligibility
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You must buy a new or existing home. Refinancing an existing mortgage does not qualify.
You must buy a home in Alabama and occupy it, as your primary residence, within 60 days of closing.
Your annual qualifying income cannot exceed $172,800.
You must apply for an FHA, VA, USDA, or HFA Advantage conventional product through a participating lender.
Your credit score must be 640 or higher.
Debt to income ratio must be 45% or lower.
You must complete a homeownership education course.
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In target areas, eligible borrowers can be first-time or repeat homebuyers.
In non-target areas, you must not have owned a home in the previous three years.
You must buy a new or existing home. Refinancing an existing mortgage does not qualify.
You must buy a home in Alabama and occupy it, as your primary residence, within 60 days of closing.
You must live in the property. It cannot be used for business, commercial, or rental purposes.
You must meet federally established income and sales price limits.
You must apply for an FHA, VA, USDA, or HFA Advantage conventional product through a participating lender.
Your credit score must be 640 or higher.
Debt to income ratio must be 45% or lower.