Our Homeownership Center is the one-stop-shop!
You will find dozens mortgage loan types, and a huge selection of variables to take into account whenever endeavoring to determine how to buy, but only 1 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 get going!
Down Payment Assistance
NeighborWorks Down Payment Assistance system helps make homeownership feasible for first-time homebuyers of moderate earnings by filling the space between that which you are able to afford additionally the price of housing.
A first-time homebuyer is anyone who has perhaps not owned a main residence within the last 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 System
The Tax-Exempt system (TEP) offers reduced interest levels to eligible first-time homebuyers whom meet maximum income restrictions and purchase price limits. First-time homebuyers might be qualified to receive mortgage reduction as well as 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 helping you save money each month.
Taxable First-Time Homebuyer Program speedy cash
This homebuyer that is first-time offers a lower interest to qualified borrowers. Unlike the tax-exempt program, you can find no maximum earnings or purchase price restrictions.
United states of america 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 just minimal advance payment and enables reduced credit ratings than that needed for Conforming loans; also offers a ‘streamline refinance’ of an current FHA loan with minimal paperwork needs.
Especially reserved for the residents whom served within the army, while offering a purchase transaction with no payment that is down
Do It Yourself Loans:
Isn’t it time to correct, 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 house you already obtain
.3) Refinance Renovation
- Incorporates renovations in to a loan that is new.
Owner-occupied residences that are single-family duplexes, triplexes, fourplexes, condominium devices