First Time Homebuyers Returning Home Buyer
Down Payment & Closing Costs
Deferred Second Mortgage
Alaska Housing Finance Corporation
$4.00
Alaska Housing Mortgage Operations 907-330-8400 or toll-free at 888-854-3884
This program is for homebuyers who need assistance with their downpayment or closing costs. The Closing Cost Assistance Program, funded by the Alaska Housing Finance Corporation, assists homebuyers in receiving 4% of the initial principal balance of the mortgage loan. For example: If receiving 4% assistance on a $300,000 mortgage loan, the assistance equals $12,000; if receiving 3% on $300,000, the assistance equals $9,000. Anyone buying a single-family, primary residence with a credit score of at least 640 is eligible to apply when working with a participating lender. All Federal Housing Administration (FHA), Veterans Affairs (VA), and U.S. Department of Agriculture Rural Development (USDA-RD) 30-year, fixed-rate loans are eligible with the Closing Cost Assistance Program.
Only avialble with Participating Lenders. All Federal Housing Administration (FHA), Veterans Affairs (VA) and U.S. Department of Agriculture Rural Development (USDA-RD) 30-year, fixed rate loans. Loans are valid for single family, owner-occupied residence purchases only.
Yes
Alaska Housing Finance Corporation
4300 Boniface Parkway Anchorage, Alaska 99504
9073386100