Homeownership is more than a milestone; it’s a foundation for stability, generational wealth, and stronger communities. At Renaissance Community Loan Fund (RCLF), we believe the path to owning a home should be accessible, supportive, and designed with real people in mind. That belief is at the heart of our new Alabama Down Payment Assistance (DPA) Program.
Purpose: Helping Buyers Take the First Step Home
RCLF’s Down Payment Assistance program was created to remove one of the most common barriers to homeownership: upfront costs. By offering flexible support paired with personalized guidance, this program helps qualified Alabama residents move from aspiration to keys in hand.
This program reflects RCLF’s mission to expand opportunity through responsible lending, financial education, and hands-on support, especially for first-time buyers and those who may not fit traditional lending molds.
Program Highlights
Qualified borrowers may access:
- No income restrictions
- No monthly mortgage insurance
- Minimum credit score of 650
- Seller concessions up to 6% allowed
- No maximum loan limit
- Maximum CLTV up to 105%
- $20,000 DPA with a 2% mortgage
- Limited spots available – subject to funding availability
The program is available for primary residences only in Alabama, requires one month of reserves, and must be paired with an RCLF mortgage loan.
Eligibility & Important Program Requirements
RCLF offers Down Payment Assistance to qualified borrowers who utilize RCLF’s in-house mortgage team. To ensure consistency, compliance, and borrower success:
- DPA must be used in conjunction with an RCLF mortgage loan
- RCLF is unable to offer DPA as a standalone product or in partnership with another lender’s first mortgage
- DPA funding is subject to availability
Our in-house team of Mortgage Loan Originators and Home Purchase Advisors works directly with borrowers throughout the process, providing education, clarity, and confidence at every step.
Impact: Strengthening Communities Across Alabama
By reducing upfront financial barriers, this program helps more Alabamians build equity, stabilize housing costs, and invest in their communities. Each closed loan represents more than a transaction; it’s a household gaining security and a neighborhood growing stronger.
A Call to Realtors & Community Partners
Realtors and partners play a critical role in helping eligible buyers access this opportunity.
If you work with clients who:
- Are credit-ready but short on down payment funds
- Need a lender who offers hands-on guidance and flexible solutions
- Are looking for a trusted community partner invested in long-term success
RCLF is ready to collaborate. We partner with realtors to turn homeownership dreams into keys providing clear communication, dependable timelines, and mission-driven lending that supports your clients and your business.
📩 Partner with RCLF to expand access to homeownership across Alabama.
Take the First Step
Interested buyers and partners can learn more by connecting with RCLF’s mortgage team.
👉 Visit: rclfms.com
📍 Serving communities across Alabama through community-focused lending and education.
Down Payment Assistance is limited and subject to availability.
