Our Homeownership Center can be your one-stop-shop!

You will find dozens mortgage loan kinds, and a large number of factors to think about when seeking to regulate how to get, but just one loan is suitable for you. We make discovering that loan that is right and simple to make contact with certainly one of our home loan professionals today to begin with!

Deposit Assistance

NeighborWorks Down Payment Assistance Program helps make homeownership easy for first-time homebuyers of moderate earnings by filling the space between that which you are able to afford together with expense of housing.

A homebuyer that is first-time somebody who has perhaps not owned a main residence within the last few 36 months. NeighborWorks Alaska provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt and also the Taxable First-Time Homebuyer.

Tax-Exempt First-Time Homebuyer System

The Tax-Exempt system (TEP) provides reduced interest levels to eligible first-time homebuyers whom meet maximum earnings restrictions and purchase cost restrictions. First-time homebuyers could be entitled to mortgage loan decrease together with NeighborWorks Alaska deposit support system to assist supply the advance payment and eradicate the need for home loan insurance coverage helping you save money on a monthly basis.

Taxable First-Time Homebuyer System

This homebuyer that is first-time provides a low rate of interest to qualified borrowers. Unlike the tax-exempt program, there aren’t any maximum income or purchase price limits.

Usa Department of Agriculture (USDA)

Provides up to 100% funding for qualified borrowers thinking about purchasing a true house in specified regions of rural Alaska.

Federal Housing Assistance https://speedyloan.net/reviews/speedy-cash-com/ (FHA)

Created for a debtor with reduced deposit and permits reduced credit ratings than that needed for Conforming loans; now offers a ‘streamline refinance’ of an FHA that is existing loan minimal paperwork needs.

Veteran’s management

Particularly reserved for the residents whom served when you look at the armed forces, while offering a purchase deal with out a deposit

Do It Yourself Loans:

Isn’t it time to fix, renovate, or enhance your house?

NeighborWorks Alaska supplies the AHFC renovation loan options addressing three scenarios that are possible

1) Purchase Renovation

  • Renovations along with a purchase

2) Second for Renovation

  • Improvements up to a true house you already acquire

.3) Refinance Renovation

  • Incorporates renovations into a new loan.

Who is Eligible?

Owner-occupied residences that are single-family duplexes, triplexes, fourplexes, condominium devices