Our Homeownership Center is the one-stop-shop!

You can find dozens mortgage loan types, and a large number of variables to take into account whenever wanting to regulate how to advance america near me get, but just one loan is suitable for you. We make discovering that loan that is right and simple to get hold of one of our home loan experts today to get going!

Advance Payment Assistance

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

A homebuyer that is first-time anyone who has maybe not owned a primary residence within the last few 36 months. 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) provides reduced interest levels to qualified first-time homebuyers who meet maximum income restrictions and purchase cost limits. First-time homebuyers might be entitled to mortgage loan decrease additionally the NeighborWorks Alaska advance payment assistance program to simply help supply the payment that is down eliminate the dependence on home loan insurance coverage helping you save money on a monthly basis.

Taxable First-Time Homebuyer System

This first-time homebuyer program provides a lowered interest rate to qualified borrowers. Unlike the program that is tax-exempt there aren’t any maximum income or purchase price restrictions.

United states of america Department of Agriculture (USDA)

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

Federal Housing Assistance (FHA)

Made for a debtor with just minimal advance payment and enables reduced fico scores than that needed for Conforming loans; now offers a ‘streamline refinance’ of a existing FHA loan with minimal documents needs.

Veteran’s Administration

Especially reserved for our citizens who served into the military, while offering a purchase deal with no 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 possess

.3) Refinance Renovation

• Incorporates renovations as a new loan.

Who’s Eligible?

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