Mortgages

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

You will find dozens mortgage loan kinds, and a large number of factors to take into account whenever seeking to regulate how to purchase, but only 1 loan is right for you. We make discovering that right loan quick and simple to make contact with certainly one of our home loan professionals today to begin with!

Advance Payment Assistance

NeighborWorks Down Payment Assistance Program helps make homeownership easy for first-time homebuyers of moderate earnings by filling the gap between everything you are able plus the expense of housing.

A first-time homebuyer is anyone who has perhaps maybe not owned a main residence within the last three years. NeighborWorks Alaska american loans company provides two programs for first-time homebuyers, the Alaska Housing Finance Corporation (AHFC) Tax-Exempt plus the Taxable First-Time Homebuyer.

Tax-Exempt First-Time Homebuyer Program

The Tax-Exempt system (TEP) provides reduced interest levels to qualified homebuyers that are first-time meet maximum income restrictions and purchase price restrictions. First-time homebuyers might be entitled to mortgage loan decrease plus the NeighborWorks Alaska advance payment support system to simply help supply the payment that is down get rid of the dependence on home loan insurance coverage saving you money on a monthly basis.

Taxable First-Time Homebuyer System

This homebuyer that is first-time provides a lower life expectancy rate of interest to eligible borrowers. Unlike the program that is tax-exempt you can find no maximum income or purchase price restrictions.

United states of america Department of Agriculture (USDA)

Provides up to 100% financing for qualified borrowers buying home in specified regions of rural Alaska.

Federal Housing Assistance (FHA)

Made for a debtor with just minimal advance payment and permits reduced credit ratings than that needed for Conforming loans; also offers a ‘streamline refinance’ of a FHA that is existing loan minimal documents needs.

Veteran’s Administration

Especially reserved for the citizens who served into the army, while offering a purchase deal with out a deposit

Do It Yourself Loans:

Isn't it time to correct, renovate, or enhance your home?

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

1) Purchase Renovation

  • Renovations together with a purchase

2) Second for Renovation

  • Improvements up to a true house you already obtain

.3) Refinance Renovation

  • Incorporates renovations into a brand new loan.

Who is Eligible?

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