Our Homeownership Center is the one-stop-shop!
You can find dozens mortgage loan kinds, and a large number of factors to think about whenever seeking to determine how to buy, but just one loan is suitable for you. We make discovering that right loan quick and simple to get hold of certainly one of our home loan experts today to begin with!
Advance Payment Assistance
NeighborWorks Down Payment Assistance system helps make homeownership feasible for first-time homebuyers of moderate income by filling the space between everything you are able to afford in addition to price 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 therefore the Taxable First-Time Homebuyer.
Tax-Exempt First-Time Homebuyer System
The Tax-Exempt Program (TEP) provides reduced interest levels to eligible first-time homebuyers whom meet maximum earnings restrictions and purchase cost limits. First-time homebuyers could be entitled to an interest rate decrease additionally the NeighborWorks Alaska advance payment support system to greatly help supply the deposit and eradicate the significance of home loan insurance coverage helping you save money on a monthly basis.
Taxable First-Time Homebuyer System
This first-time homebuyer system offers a diminished interest to qualified borrowers. Unlike the tax-exempt system, there aren’t any maximum earnings or purchase cost restrictions.