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Down Payment Assistance in Birmingham & Mobile

If you want to become a homeowner in Alabama or Florida, we can help you with exclusive Down Payment Assistance Programs. We understand that saving money to afford the down payment becomes the main barrier for many first-time home buyers. This is why we are offering an exceptional low-interest loan to help you cover the down payment and closing costs. Weber Mortgage is here to help first-time homebuyers through the process by providing all they need to know.

We have been serving our clients in Birmingham, Huntsville, and Alexander City, and we've acquired an amazing reputation among them since 1999. We have countless home loan options to help you purchase your home or condo, refinance, cash-out refinance, and more. For down payment assistance in Vestavia, Maylene, Eva, Montevallo, and nearby areas in Alabama & Florida, give us a call at 205-751-8583 or contact us online.

How Does Down Payment Assistance Work?

Down payment assistance comes in the form of grants, loans, and other programs. It’s usually reserved for first-time homebuyers only. Qualification depends on your income and credit history, which will be assessed by our home loan professionals.

Down Payment Assistance in Birmingham & Mobile

Type of Down Payment Assistance

Grants

This is probably the most valuable type of down payment assistance. As the name suggests, the grant provides the homeowner money that they never have to repay. 

Forgivable Loans (0% Interest)

Forgivable loans are second mortgages that homeowners do not have to repay back if they continue to live in the same house for a certain period of time, for example, 10 years.

Deferred-Payment Loans (0% Interest)

You may qualify for a second mortgage known as deferred payment. Where you do not have to repay in large amounts unless you move, sell, refinance your first mortgage or pay down your first loan.

Low-Interest Loans

Such loans are required to be repaid within a certain period. Low-interest loans make homeownership more attainable by spreading the down payment and closing costs over multiple years.

Let Weber Mortgage Help You with Down Payment Assistance in Birmingham

Becoming a homeowner has its unique challenges to overcome. The professionals here at Weber Mortgage can help you succeed at facing the challenges and comprehensively guide you through our down payment assistance process. We are here to help first-time homebuyers navigate through the terms and conditions, making sure they have a firm understanding of our policies.

Contact us online or call us at 205-751-8583 to take one step closer to making your dream home a reality. 

Why Choose Us?

  • Local Company
  • Broker–shop rates for you
  • 20+ years in operation (found 10/20/99)
  • Personal Service in person and online