Workshop

28 Aug

Workshop For REALTORS: AHFA and Freddie Mac discuss the Step Up Program

Workshop For REALTORS: AHFA and Freddie Mac discuss the Step Up Program

Wednesday, August 28, 2019 (1:30 PM to 2:30 PM)
0 CE Hours
Birmingham Association of Realtors, Birmingham, Alabama

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This is a Workshop and does not award any CE.

Two Sessions:
10:30 a.m. – 11:30 a.m. For Lenders

1:30 p.m. – 2:30 p.m. for REALTORS

AHFA Speaker: Cathy James, Alabama Housing Finance Authority
Freddie Mac Speaker: Jim Hall

Step Up program: Last year, AHFA homeownership programs produced nearly $8 million in commissions. Join us to learn how!!
The Step Up program is available to homebuyers who earn less than $97,300 and meet standards for creditworthiness. The program offers a competitive 30-year fixed interest rate and a down payment assistance option. In addition to the down payment assistance currently offered through Step Up, the HFA Advantage product provides eligible borrowers a grant to help with closing costs. Borrowers with qualifying income at or below 50% of the Area Median Income (AMI) limits (as published by Freddie Mac) are eligible for an Affordable Income Subsidy (AIS) grant in the amount of $2,500. Borrowers with qualifying income between 50.01% - 80% of AMI limits are eligible for a grant of $1,500.

Who should attend:

REALTORS®: Real Estate agents who are interested in learning about a financing option for low-moderate income homebuyers.
Lenders: L/O’s processors, and underwriters who are interested in a down payment assistance and/or grant product to assist low-moderate income homebuyers 

Birmingham Association of Realtors
Birmingham Association of Realtors
3501 Independence Dr
Birmingham, AL 35209

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