Ready to Own Program (City of Birmingham, AL): Up to $10,000
City of Birmingham Community Development · City of Birmingham, Alabama
At a glance: Up to $10,000, forgivable loan (forgiven if you meet the terms). Checked against the official page on Nov 3, 2026.
| Assistance type | Forgivable loan — Forgiven if you meet the terms |
|---|---|
| Amount | Up to $10,000 |
| Income limit | Not verified on the official page — check the source |
| Purchase price limit | Not verified on the official page — check the source |
| First-time buyer rule | Not verified on the official page — check the source |
| Status | Offered |
| Status note | Not verified on the official page — check the source |
| Details | 5-year forgivable loan at 0% interest for down payment, closing costs or rate buydowns. The home must be inside Birmingham city limits, and homebuyer education is required. |
| Official source | https://www.birminghamal.gov/government/city-departments/community-development/homebuyer-d (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other Alabama programs
- Down Payment Assistance Program — Up to $25,000
- Step Up — 4% of the sales price, up to $10,000
← All Alabama programs · Check eligibility · Compare with other programs
Common questions
How much is Ready to Own Program?
Up to $10,000 (per the official page, checked Nov 3, 2026).
Is Ready to Own Program a grant or a loan?
Forgivable loan: forgiven if you meet the terms.
How does Ready to Own Program work?
5-year forgivable loan at 0% interest for down payment, closing costs or rate buydowns. The home must be inside Birmingham city limits, and homebuyer education is required.
Is Ready to Own Program still available in 2026?
The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Ready to Own Program?
City of Birmingham Community Development, City of Birmingham, Alabama. Apply through the program or one of its participating lenders.
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