Grants directory
Ready to Own Program
City of Birmingham Community Development · City program
Up to $10,000 as a 5-year forgivable 0% loan
Birmingham offers qualified homebuyers up to $10,000 in homebuyer assistance as a 5-year forgivable 0% loan. The money can be used for a down payment, closing costs, or interest rate buydowns for homes purchased within the city limits.
Program details
How it works
The City of Birmingham’s Ready to Own Program is designed to make homeownership more affordable for qualified households purchasing a home within the city limits of Birmingham. The program provides homebuyer assistance in the form of a forgivable loan.
What the money covers
Funds can go toward:
- Down payment
- Closing costs
- Interest rate buydowns
Amounts and matching
- Up to $10,000 in homebuyer assistance
- 5-year forgivable loan
- 0% interest
- Restrictive covenant applies
How to apply
The page includes an “Apply For Assistance Today” call to action.
- Homebuyer education is required to become a program participant.
- Neighborhood Housing Services is listed as providing client intake, case management, homebuyer education, and facilitation of closings.
Timing and deadlines
- A signed purchase agreement is required before funds are reserved.
- The home must be purchased within the city limits of Birmingham.
Full eligibility details
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