Down Payment Assistance in Alabama

The City of Decatur is offering the H.O.M.E. program which provides financial assistance to qualified low-income families.

The City will pay ½ of minimum required down payment or the entire minimum required closing costs, some including prepaids.  To qualify, you must not have owned a home in the past three years, you must be able to get a mortgage loan, and you cannot have participated in the H.O.M.E. program before.

The home you purchase must be located in the city limits of Decatur.

Go to the website for more information

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Tags: Alabama, down payment

This entry was posted on Thursday, July 9th, 2009 at 7:34 pm and is filed under Grants. If you are looking for similar grants in this state, click the category name here. That will give you a list of grant announcements in that category in the state.