Alabama Affordable Income Subsidy Grant Checklist

A step-by-step checklist for consumers applying for the Alabama Affordable Income Subsidy Grant in 2025.

Verify Your Eligibility

Ensure your household income is within the program’s specified limits, which vary by family size and location.
Verify that the property you plan to purchase is within the program's maximum price limit and is intended to be your primary residence.
Confirm that you meet any additional qualifications, such as being a U.S. citizen or permanent resident.
Check your credit score to ensure it meets the minimum requirements set by the program (typically 620 or higher, depending on your assigned Loan Officer).

Collect proof of income, such as pay stubs, tax returns, or benefit statements.
Obtain bank statements from the last two to three months for all accounts.
Prepare information about the property you intend to purchase, including the address and purchase agreement.
Gather any additional documentation requested by your Loan Officer, such as proof of assets, debts, or liabilities.

A Loan Officer has already been assigned to assist with your grant application.
Contact your Loan Officer to schedule an initial meeting or call to review the program requirements and gather further details.
Discuss any questions or concerns about your eligibility or required documentation.
Follow the guidance provided by your Loan Officer for the next steps in the process.

Collaborate with your assigned Loan Officer to complete the application for the Alabama Affordable Income Subsidy Grant.
Provide all required documents promptly to avoid delays in processing.
Review your application thoroughly with your Loan Officer to ensure it is accurate and complete.
If necessary, attend a homebuyer education course as required by the grant program or lender.

Review and sign all grant-related documents as provided by your Loan Officer.
Be prepared to cover any closing costs or fees not included in the grant assistance.
Receive confirmation of your grant approval and details about how the subsidy will be applied to your purchase.

Ensure the property remains your primary residence for the duration required by the program’s terms.
Notify your Loan Officer immediately if you plan to sell, refinance, or make significant changes to the property, as these may affect your grant eligibility.
Stay informed of any updates or changes to the program rules to ensure ongoing compliance.