August 27, 2024

Step Up and First Step Rate Changes

The following interest rate change is effective for Step Up loans reserved on or after August 27, 2024:


  • Conv. to 6.750% from 7.000% 


The following interest rate change is effective for First Step loans reserved on or after August 27, 2024:


  • FHA to 5.500% from 5.750%
  • Conv. to 6.000% from 6.250% 


Please visit Lender Online for loan reservations.


If you have any questions about this information, please contact Brian Hunt at bhunt@ahfa.com.

Alabama Housing Finance Authority | www.AHFA.com

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