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Alabama Mortgage Credit

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INCOME LIMITS

These limits (effective on applications taken as of March 1, 2008)
are set by the U.S. Department of Housing and Urban Development
to be used with the First Step/Mortgage Revenue Bond loans and
Mortgage Credit Certificates offered by AHFA. When you find a
home you're interested in buying, simply contact one of your local
participating lenders to learn whether the address is located in a target or
non-target area so you'll know which column to use.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NEW & EXISTING                TARGET                        NON-TARGET
HOMES

ALL AREAS                                 $ 289,705                            $ 237,031

FAMILY SIZE

BALDWIN COUNTY

BIRMINGHAM AREA
(Bibb, Blount, St. Clair, Shelby and
Jefferson Counties)

DECATUR AREA
(Lawrence and Morgan Counties)

FLORENCE AREA
(Colbert and Lauderdale Counties)

HUNTSVILLE AREA
(Limestone and Madison Counties)

LEE COUNTY

MONTGOMERY AREA
(Autauga, Elmore, Lowndes and
Montgomery Counties)

TUSCALOOSA AREA
(Greene, Hale and Tuscaloosa
Counties)

ALL OTHER COUNTIES
3+ persons

$76,860


77,550




74,340

73,220


77,550

77,550


77,550



75,740


72,380
1-2 persons

$54,900


59,100




53,100

52,300


64,500

61,700


56,400



54,100


51,700
TARGET AREAS                   NON-TARGET AREAS

SALES PRICE LIMITS

These limits (effective as of April 3, 2006) are set by the Internal Revenue Service to be used
with the First Step/Mortgage Revenue Bond loans and Mortgage Credit Certificates offered by
AHFA. When you find a home you're interested in buying, simply contact one of your local
participating lenders to learn whether the address is located in a "target" or "non-target" area so
you'll know which column to use.

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