Mortgages

Our Homeownership Center is the one-stop-shop!

You will find dozens mortgage loan kinds, and a large number of factors to take into account when endeavoring to regulate how to buy, but just one loan is suitable for you. We make discovering that right loan quick and easy to get hold of one of our home loan professionals today to begin with!

Advance Payment Assistance

NeighborWorks Down Payment Assistance Program helps make homeownership feasible for first-time homebuyers of moderate earnings by filling the space between whatever you are able additionally the price of housing.

A homebuyer that is first-time anyone who has perhaps not owned a primary residence within the last few 3 years. NeighborWorks Alaska 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 Program (TEP) offers reduced rates of interest to qualified homebuyers that bad credit loans online are first-time meet maximum earnings restrictions and purchase cost restrictions. First-time homebuyers can be qualified to receive mortgage loan decrease therefore the NeighborWorks Alaska deposit help system to greatly help supply the payment that is down get rid of the dependence on home loan insurance coverage helping you save money every month.

Taxable First-Time Homebuyer Program

This first-time homebuyer system offers a diminished rate of interest to qualified borrowers. Unlike the program that is tax-exempt you can find no maximum earnings or acquisition price restrictions.

United States Department of Agriculture (USDA)

Provides up to 100per cent funding for qualified borrowers thinking about purchasing house in specified regions of rural Alaska.

Federal Housing Assistance (FHA)

Made for a debtor with reduced advance payment and enables reduced credit ratings than that needed for Conforming loans; now offers a ‘streamline refinance’ of an current FHA loan with minimal paperwork demands.

Veteran’s Administration

Especially reserved for our citizens whom served into the military, and will be offering a purchase deal with out a payment that is down

Do It Yourself Loans:

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

NeighborWorks Alaska supplies the AHFC renovation loan options addressing three feasible situations:

1) Purchase Renovation

  • Renovations together with a purchase

2) Second for Renovation

  • Improvements to a true home you already acquire

.3) Refinance Renovation

  • Incorporates renovations into a loan that is new.

Who’s Eligible?

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